TOSCANA ENERGY CONFIRMS DECEMBER DIVIDEND

CALGARY, Alberta, Dec. 15, 2015 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana Energy” or the “Company”) (TSX:TEI) confirms the cash dividend of $0.10 per common share (or the equivalent of $0.30 per common share on a quarterly basis) of the Company (“Common Share“) to be paid on January 15, 2016 in respect of December 2015 production of the Company for shareholders of record on December 31, 2015.  The ex-dividend date is December 29, 2015.  Once paid, total cash dividends distributed by the Company to holders of Common Shares during the 2015 calendar year will be $1.305per Common Share.  This dividend is an eligible dividend for purposes of the Income Tax Act (Canada).

About Toscana Energy Income Corporation

Toscana Energy is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation.  Toscana Energy is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.

For further information, please visit our website at www.sprott-toscana.com or contact:

Joseph S. Durante, Chief Executive Officer

Tel:  (403) 410-6793

Fax: (403) 444-0090

Source: Toscana Energy Income Corporation

 

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