Santonia Energy : Mails Information Circular to Shareholders in Connection with Special Meeting

NEWS RELEASE

SANTONIA ENERGY INC. MAILS INFORMATION CIRCULAR TO SHAREHOLDERS IN CONNECTION WITH SPECIAL MEETING CALGARY, ALBERTA - March •, 2014 - Santonia Energy Inc. ("Santonia" or the "Company") advises that it has mailed the information circular and proxy statement and related material to its shareholders in connection with the upcoming special meeting of shareholders (the "Meeting") to be held on April 23, 2014 to consider the plan of arrangement (the "Arrangement") pursuant to which Tourmaline Oil Corp. ("Tourmaline") would acquire all of the outstanding common shares of Santonia on the basis of 0.03012 of a Tourmaline common share for each outstanding share of the Company.

Shareholders of Santonia who are unable to attend the Meeting in person are requested to date, sign and return the form of proxy provided to shareholders for use at the Meeting. To be effective, the proxy must be received by Computershare Trust Company of Canada, Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1, by facsimile to (866)

249-7775 (toll free), by internet at www.investorvote.comor by telephone by calling (866) 732-

8683 (toll free) by 9:00 a.m. on April 17, 2014. Non-registered shareholders should follow the instructions provided in the voting instruction form provided to them.

The board of directors of Santonia unanimously recommends that Santonia shareholders vote in favour of the Arrangement at the Meeting.

For further information please contact:

Santonia Energy Inc.

Steven R. VanSickle

President and Chief Executive Officer

Tel: [phone]

Fax: [phone]

Aaron G. Grandberg Chief Financial Officer Tel: [phone]

Fax: [phone]

[e-mail] [e-mail]
www.santoniaenergy.com

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Forward-Looking Information

Certain information set forth in this press release, release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expects", "believes", "will" and similar expressions and statements relating to matters that are not historical facts, contains forward-looking statements including but not limited to statement regarding the proposed acquisition of Santonia by Tourmaline pursuant to a plan of arrangement and the timing of the calling of the meeting of Santonia shareholders to approve the Arrangement. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Santonia's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, delays resulting from or the inability to obtain required regulatory approvals, currency fluctuations, imprecision of reserve estimates, environmental risks, and stock market volatility In addition, the completion of the Arrangement is subject to a number of conditions which are typical for transactions of this nature. Failure to satisfy any of these conditions, the emergence of a Superior Proposal or the failure to obtain approval of the Santonia shareholders may result in the termination of the Arrangement Agreement. In addition, statements relating to "reserves" are by their nature forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the reserves described can be profitably produced in the future. The recovery and reserves estimates provided herein are estimates only and there is no guarantee that the estimated reserves will be recovered.
The foregoing list is not exhaustive. Additional information on these and other risks that could affect Santonia's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), or at Santonia's website (www.santoniaenergy.com). Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The actual results, performance or achievement of Santonia could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Santonia will derive therefrom. Santonia disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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