TOSCANA ENERGY STOPS ACTIVE OPERATION OF ITS DIVIDEND REINVESTMENT PLAN

CALGARY, Alberta, Jan. 05, 2016 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana Energy” or the “Company”) (TSX:TEI) announces that it plans to stop the active operation of its Dividend Reinvestment Plan (“DRIP“) effective after payment of Toscana Energy’s recently announced December dividend. The DRIP will remain in place in the event Toscana Energy decides to reactive the DRIP at a future date.

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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