Investors - News Release

Canbriam Energy Reports Emergency Incident at Altares b-24-H Natural Gas Processing Facility

May 18th, 2017

CALGARY, AB, May 18, 2017 (CNW)—Canbriam Energy (“Canbriam”) is investigating the cause of an isolated fire that started at approximately 12:30 am MT within its Altares b-24-H natural gas processing facility. The facility is located approximately 50 kilometers north of Hudson’s Hope, British Columbia and 120 kilometers west of Fort St John, British Columbia.

The b-24-H facility was immediately shut down and the site was evacuated as part of the Emergency Response Plan protocol. There were no injuries and all roads within the vicinity were closed. Emergency responders safely extinguished the fire at approximately 3:30 pm MT. The BC Oil and Gas Commission, WorkSafeBC and local first responders were immediately notified of the incident.

“Due to the effective implementation of our emergency response plan and the actions of our operations staff, there were no injuries and the incident was isolated and contained on the site.” said Paul Myers, Canbriam President & Chief Executive Officer.

The b-24-H facility processes sweet natural gas along with associated natural gas liquids and condensate. The plant has 50 million cubic feet per day of natural gas processing capacity, which equates to roughly 10,000 barrels of oil equivalent per day with liquids. As a precaution, Canbriam initiated the shutdown of its b-72-A natural gas processing facility, located approximately five kilometers from the location of the incident.

About Canbriam

Canbriam Energy Inc. is a private intermediate exploration and production Company with a focus on liquids rich natural gas. Its principal producing properties and acreage positions are in the Altares Montney of Northeast British Columbia. The Company was founded in 2007 and is headquartered in Calgary, Alberta with an office in Fort St. John, British Columbia.

Investor & Media Contacts

Paul Myers 
President and Chief Executive Officer
pmyers@canbriam.com

Bill Stait
Director, Investor Relations
bstait@canbriam.com
(403) 718-8564

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