Receives Shareholder Approval FOR Disposition of Oil and Gas Assets and Changes NAME

ZTR ACQUISITION CORP.

Suite 918-1030 West Georgia Street

Vancouver, British Columbia, Canada, V6E 2Y3

Tel. No. (604) 628-5621 ♦ Fax No. (604) 662-7950

ZTR ACQUISITION CORP. (formerly, Oyster Oil and Gas Ltd.)

RECEIVES SHAREHOLDER APPROVAL FOR DISPOSITION

OF OIL AND GAS ASSETS AND CHANGES NAME

Vancouver, British Columbia – June 17, 2019 – ZTR Acquisition Corp. (formerly, Oyster

Oil and Gas Ltd.) (the “Company”) announces that all matters presented at its annual general

and special meeting (the “Meeting”) of shareholders held on June 7, 2019 were approved. At

the Meeting, shareholders approved a disposition of all of the outstanding share capital of the

Company’s wholly-owned operating subsidiary, Oyster Oil & Gas Limited (“Subco”), to

Northbay Capital Partners Corp. and Gunsynd PLC (collectively, the “Creditors”), in settlement

(the “Settlement”) of outstanding debts owing to the Creditors.

Following the Meeting, the Company has changed its name to “ZTR Acquisition Corp.”

The Company is currently working with the Creditors to complete the Settlement, and will issue

a further news release once the disposition of the share capital of Subco has been completed.

Following completion of the settlement, the Company will no longer have any operating assets

and has been notified by t he TSX Venture Exchange (the “Exchange”) that its listing will be

transferred to the NEX board of the Exchange. Trading in the common shares of the Company

will remain halted pending completion of the Settlement.

For further information concerning the Meeting, the Settlement, and any other matters

considered at the Meeting, readers are encouraged to review the management information

circular prepared for the Meeting, a copy of which is available under the Company’s profile on

SEDAR (www.sedar.com).

For further information please contact:

Martin Bajic, Chief Financial Officer

Tel: (604) 628-5621

Fax: (604) 662-7950

This news release contains statements about the Company's expectations regarding the completion of the

Settlement and the disposition of the share capital of Subco, that are forward-looking in nature and, as a result,

are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in

these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results

may differ materially from the forward-looking statements and there can be no assurance that such expectations

will prove to be correct. Factors that could cause the actual results to differ materially from those in forward-

looking statements include failure to obtain regulatory approval for the resumption of trading. The forward-

looking statements contained in this news release are made as of the date hereof, and the Company undertakes no

obligation to update publicly or revise any forward-looking statements or information, whether as a result of new

information, future events or otherwise, except a required by applicable securities laws. The forward-looking

statements contained in this news release are expressly qualified by this cautionary statement.

Neither 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 news release.