PetroMaroc Corporation (the company or PetroMaroc) provided an update regarding the arrangement agreement dated September 7, 2018 between PetroMaroc and Wolverine Energy and Infrastructure Inc. (Wolverine), as amended by an amending agreement dated November 14, 2018, pursuant to which Wolverine will acquire all of the issued and outstanding common shares of PetroMaroc by way of a court-approved plan of arrangement under the provisions of the Canada Business Corporations Act. The company announced that, subject to final TSX Venture Exchange acceptance, David Heighington will be appointed to serve as an additional independent director on the board of directors of Wolverine (the Wolverine Board) immediately following the closing of the Transaction. Mr. Heighington will also be appointed as a member of the Audit Committee of the Wolverine Board, and is considered "independent" and "financial literate" for the purposes of National Instrument 52-110 - Audit Committees. Upon completion of the Transaction, the Wolverine Board will consist of four directors, being Jesse Douglas, Dennis A. Sharp, Dirk LePoole and David Heighington. Mr. Douglas is the founder, controlling shareholder, director, President and Chief Executive Officer of Wolverine. He will continue to serve as the President and Chief Executive Officer of Wolverine on the completion of the Transaction. Mr. Sharp will serve as non-executive Chair of the Wolverine Board on the completion of the Transaction. Mr. Sharp is a Professional Engineer who earned a degree in Geological Engineering from Queen's University. During the past 50 years, Mr. Sharp has served in a variety of executive capacities in the private and public energy sectors including: Chairman and Chief Executive Officer of UTS Energy Corporation, CS Resources, Command Drilling; as a director of EnCana Corporation, PanCanadian Petroleum, Azure Dynamics; and as a director of many non-profit organizations, including The Calgary Philharmonic Orchestra, McGill Chamber Orchestra and Centaur Theatre Productions. Mr. LePoole is the President of Diversity Technologies Corporation ("Di-Corp"), a role he has held since 2011 and is a current director of the Petroleum Services Association of Canada. Mr. LePoole will serve as an independent director of Wolverine. Prior to his current role with Wolverine, Mr. LePoole held the roles of both Vice President of Marketing and Vice President of Operations of Di-Corp.