DeeThree Exploration Ltd.2200, 520 - 3rd Ave. SW, Calgary, Alberta, Canada

DeeThree Exploration Ltd. is pleased to announce the completion of its reorganization into two, oil-focused and independent, publicly traded energy companies pursuant to a plan of arrangement (the “Reorganization”) that was approved by a vote of the shareholders. Under the Reorganization, DeeThree’s assets were divided between Boulder Energy Ltd. (TSX: BXO) and DeeThree renamed as Granite Oil Corp. (TSX: GXO).

Granite retained the Bakken properties located in the Lethbridge area of southern Alberta, and Boulder acquired DeeThree’s Brazeau Belly River properties located in west central Alberta and those properties located in the Peace River Arch area of northern Alberta.