Tourmaline Oil Corp. Completes $78.4 Million Flow-Through Financing

Tourmaline Oil Corp. Completes $78.4 Million Flow-Through Financing 
FOR: Tourmaline Oil Corp. 
JUNE 2, 2014 
Tourmaline Oil Corp. Completes $78.4 Million Flow-Through Financing 
CALGARY, ALBERTA--(Marketwired - June 2, 2014) - Not for distribution to U.S.
newswire services or for dissemination in the United States. Any failure to
comply with this restriction may constitute a violation of U.S. securities law. 
Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce
that it has completed its previously announced flow-through share financing. At
closing, Tourmaline issued 1,150,000 common shares (of which 1,000,000 were
issued on a "bought deal" basis through a syndicate of underwriters
and 150,000 were placed directly by Tourmaline primarily to directors, officers
and employees of Tourmaline) on a "flow-through" basis in accordance
with the provisions of the Income Tax Act (Canada) at a price of $68.15 per
share for total proceeds of approximately $78.4 million. The underwriting
syndicate was led by Peters & Co. Limited and included FirstEnergy Capital
Corp., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial
Inc., RBC Capital Markets and TD Securities Inc.   
Tourmaline will use the proceeds of the financing to incur eligible Canadian
Exploration Expenses on its properties. These qualifying expenditures will be
renounced to subscribers for the 2014 tax year.   
The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any U.S. state securities laws and may not be offered or sold in
the United States absent registration or an available exemption from the
registration requirement of the U.S. Securities Act and applicable U.S. state
securities laws. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of these
securities, in any jurisdiction in which such offer, solicitation or sale would
be unlawful. 
About Tourmaline Oil Corp.  
Tourmaline is a Canadian intermediate crude oil and natural gas exploration and
production company focused on long-term growth through an aggressive
exploration, development, production and acquisition program in the Western
Canadian Sedimentary Basin. 
Forward-Looking Information  
This news release contains forward-looking information that involves known and
unknown risks and uncertainties, most of which are beyond Tourmaline's
control, including, without limitation, those listed under "Risk
Factors" and "Forward-Looking Statements" in Tourmaline's
Annual Information Form and in its other filings available on SEDAR at Forward-looking information in this press release includes, but
is not limited to, information concerning the anticipated use of proceeds of
the financing. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking information prove
incorrect, actual results, performance or achievements could vary materially
from those expressed or implied by the forward-looking information.
Accordingly, undue reliance should not be placed on this forward-looking
information. This forward-looking information is made as of the date of this
release and, other than as required by applicable securities laws, Tourmaline
does not assume any obligation to update or revise it to reflect new events or
The forward looking information contained in this release is expressly
qualified by this cautionary statement. 
Tourmaline Oil Corp.
Michael Rose
Chairman, President and Chief Executive Officer
(403) 266-5992
Tourmaline Oil Corp.
Brian Robinson
Vice President, Finance and Chief Financial Officer
(403) 767-3587
Tourmaline Oil Corp.
Scott Kirker
Secretary and General Counsel
(403) 767-3593
Tourmaline Oil Corp.
Suite 3700, 250 - 6th Avenue S.W.
Calgary, Alberta  T2P 3H7
(403) 266-5992
(403) 266-5952 
INDUSTRY:  Energy and Utilities - Oil and Gas  
-0- Jun/02/2014 12:21 GMT
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