InPlay Oil Corp. and Anderson Energy Inc. Announce Strategic Business Combination, Pembina Cardium Acquisition and "Bought Deal" Financing

InPlay Oil Corp. ("InPlay"), a private Alberta based light oil focused exploration and development company, and Anderson Energy Inc. ("Anderson") (TSX:AND) are pleased to announce that they have entered into an arrangement agreement dated September 19, 2016 (the "Arrangement Agreement") that provides for the combination of InPlay and Anderson to create a new, well-capitalized, high netback, Cardium focused producer. The combination of InPlay and Anderson will be completed by way of plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta). The Arrangement steps will result in the combination of InPlay and Anderson under the new name InPlay Oil Corp. ("New InPlay").