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Horizon Petroleum Ltd. 
Listed Company 

HORIZON PETROLEUM LTD ("HPL")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 24, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,040,000 shares to settle outstanding debt of $152,000 related to settlement of outstanding directors fees.

Number of Creditors: 3 Creditors

Insider / Pro Group Participation:

Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares

Yogeshwar Sharma Y $76,000 $0.05 1,520,000

Charle Gamba Y $38,000 $0.05 760,000

W. Derek Aylesworth Y $38,000 $0.05 760,000



The Company shall issue a news release when the shares are issued and the debt extinguished.
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