Eagle Energy Inc. Announces Upcoming Director Appointment

CALGARY, Alberta, Dec. 07, 2017 (GLOBE NEWSWIRE) -- (TSX:EGL): Eagle Energy Inc. (“Eagle”) is pleased to announce that Mr. F. Wayne McWhorter will be appointed as a director of Eagle on January 1, 2018. Mr. McWhorter’s appointment will fill the vacancy on Eagle’s board of directors (the “Board”) created by the upcoming retirement of Mr. David Fitzpatrick, Eagle’s lead independent director.

Mr. McWhorter, a resident of Texas and former certified public accountant and County Judge in Harrison County, Texas, brings over 40 years of experience in the oil and gas, banking, public accounting, and real estate industries.

Throughout his career, Mr. McWhorter has held various executive officer and director positions. He has served as Chief Executive Officer of MarTex Bancshares, Inc. and Chairman and Chief Executive Officer of First Service Bank of Gladewater, Texas. He also has served as the Vice President of Finance and Accounting of Carlile & Howell/Marshall Exploration Inc., a private company based in Texas engaged in oil and gas exploration and production, well drilling and oil field services operations.

Mr. McWhorter was also a partner in the public accounting firm, Fitts, Feille, & McWhorter and a Senior Accountant with the accounting firm, Arthur Young (now Ernst & Young).

Mr. McWhorter currently sits on the board of directors of Hemotek, LLC and is a trustee of East Texas Baptist University. He obtained both a Bachelor of Science degree and a Masters in Business Administration degree from Baylor University, Texas.

Commenting on Mr. McWhorter’s appointment to Eagle’s Board, Richard Clark, Eagle’s Executive Chairman, stated, “We are delighted to welcome Mr. McWhorter to Eagle’s Board. We believe Mr. McWhorter will be a valuable contributor to Eagle and we will benefit from his wealth of experience and expertise in Texas.”

Mr. McWhorter will also become a member of the Board’s Audit Committee, Compensation Committee, and Reserves and Governance Committee. These committees will therefore remain comprised entirely of independent directors.

About Eagle Energy Inc.

Eagle is an oil and gas corporation with shares listed for trading on the Toronto Stock Exchange under the symbol “EGL”.

All material information about Eagle may be found on its website at www.EagleEnergy.com or under Eagle’s issuer profile at www.sedar.com.

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