San Angelo Oil Limited Announces Voting Results from Special Meeting of Shareholders

4479108.egm008

NEWS RELEASE

San Angelo Oil Limited Announces Voting Results

from Special Meeting of Shareholders

July 4, 2017 – Vancouver, British Columbia – San Angelo Oil Limited ( NEX: SAO .H) (the

“Company”) announces the results of its special meeting of shareholders held in Vancouver, British

Columbia, on July 4, 2017.

The Company is pleased to announce that shareholders voted in favour of increasing the number of

directors of the Company fro m three (3) to four (4) and elected Delaram Salem, the Company’s current

Chief Financial Officer, to the board of directors. 100% of the votes cast were in favour of electing

Delaram Salem to the board of directors.

At the meeting, shareholders voted 99.93% in favour of the proposed share consolidation of the

Company’s common shares on the basis of one (1) post-consolidation common share of the Company for

each five (5) pre -consolidation common shares of the Company . Shareholders al so voted 99.98% in

favour of approving the Company’s 2017 stock option plan.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Eileen Au, Interim Chief Executive Officer

San Angelo Oil Limited

Tel: (778) 725-1488

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.