Catch Resources Announces Close of Convertible Debenture and Primary Acquisition.

Posted on October 01, 2015

October 1, 2015

For immediate release

Catch Resources Announces Close of Convertible Debenture and Primary Acquisition.

Calgary, AB... Catch Resources Inc., a Calgary based oil and gas company, is pleased to announce the signing of a $1.5M convertible debenture agreement with a quality Alberta based investor, and the simultaneous acquisition of a target asset, Highvale Operating Corp.

"The conclusion of the debenture agreement is a culmination of weeks of effort from our entire management team and board, and firmly set the stage for Catch to acquire our primary acquisition target Highvale, which closed on Tuesday September 29, 2015," comments Dale Galbraith, President and CEO of Catch Resources.

The acquisition is a share purchase that provides Catch 100% ownership of Highvale Operating Corp. Highvale currently generates positive cash flow from 23+/- BOEPD of high quality oil and is situated on a section and a half of land in the prolific Cardium formation. The land base has 6 identified drill locations (4 in the Cardium and 2 in the Banff) which Catch will look to complete by Q2 of 2016. The drill program will be funded through a combination of additional capital raise initiatives including an upcoming $2M flow-through share offering, the details of which will be announced soon.

Management believes that should the drill program prove successful, Catch could add an additional 400~500 BOEPD of production to its existing base. At this time Highvale Operating Corp. will remain a 100% wholly-owned subsidiary of Catch Resources Inc.

'It is the board and management's unanimous opinion that the Highvale acquisition represents an opportunity for Catch to acquire revenue production at extremely low multiples while realizing immediate benefits from an upside drill program, in addition to staying true to our strict acquisition profile," says Dale Galbraith.

"Putting aside the current economic turmoil and uncertainty, this is a remarkable time to be acquiring assets and we happen to believe there is a great deal of opportunity to build a solid portfolio of revenue producing assets with straight-line future growth. In fact it is not only possible, we can't think of a better time to do it," concludes Galbraith.

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Comments:

Dale Galbraith, President and CEO

403.863.5773

dgalbraith@catchresources.com

About Catch

Catch Resources Inc. is a Calgary-based private oil and gas company that believes there is enormous growth potential within the micro-junior space by focusing on the acquisition, merger and consolidation of revenue producing oil and gas assets with identified production drilling upside. Assets that generate positive cash flow with attractive, stable returns and which exhibit long-life, low-decline and low-cost operating possibilities are high target objectives for Catch.

www.catchresources.com