14 August, 2017

Orca Exploration confirms discussions with Swala Oil & Gas (Tanzania) plc regarding a possible minority investment in the Orca Group

TORTOLA, British Virgin Islands 14 August 2017: Orca Exploration Group Inc. ("Orca" or "the Company") announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and six month periods ended June 30, 2017 with the Canadian securities regulatory authorities.

Operating and Financial Highlights

(Expressed in US$’000 unless indicated otherwise)        


[view release] | [full report]

For further information please contact:

W. David Lyons,
Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Service 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 contains forward-looking information. More particularly, this news release contains statements and information concerning, but not limited to, the impact the proposed transaction would have on the management or operation of the Company’s operating subsidiary, PanAfrican Energy Tanzania Limited, and the continuation of ongoing benefits accruing to Tanzania from the Orca Group's involvement in the Songo Songo Project. Although management believes that the expectations reflected in the forward-looking information are reasonable, it cannot guarantee future agreement, levels of activity, performance or achievements since such expectations are inherently subject to significant uncertainties and contingencies. As a consequence, actual results may differ materially from those anticipated in the forward-looking information.

Forward-looking information involves substantial known and unknown risks and uncertainties, certain of which are beyond Orca's control, and many factors could cause the actual results to differ materially from those expressed or implied in the forward-looking information presented by Orca. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Orca will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

Such forward-looking information is based on certain assumptions made by Orca in light of its experience and current knowledge of the circumstances, as well as other factors that Orca believes are appropriate in the circumstances. The forward-looking information contained in this news release is made as of the date hereof and Orca undertakes no obligation to update publicly or revise forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


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