Antler Hill Terminates Qualifying Transaction

ANTLER HILL OIL & GAS LTD.

ANTLER HILL TERMINATES QUALIFYING TRANSACTION

For Immediate Release November 24, 2015 Calgary, Alberta Trading Symbol: “AHO.H”

Antler Hill Oil & Gas Ltd. (the "Corporation" or "Antler Hill"), a capital pool company listed on the NEX, announces it will not be proceeding with its previously announced qualifying transaction with Innovative Alert Systems Inc. as originally disclosed on September 17, 2015 due to continued weakness in junior equity markets. The Corporation will continue identifying and evaluating other potential transactions.

Reinstatement to Trading

A further announcement regarding the resumption of trading will be issued shortly.

SEDAR

The Corporation has filed its Third Quarter Financial Statements on SEDAR.

For further information, please contact:

Vic Luhowy Interim President & CEO Antler Hill Oil & Gas Ltd.

Phone: (403) 860-4225 E-Mail: [email protected]

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Corporation’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Such forward-looking statements include comments regarding the private placement and use of funds.

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.