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*Pennant Energy Inc. 
Listed Company 

BLACKBIRD ENERGY INC. ("BBI")
PENNANT ENERGY INC. ("PEN")
BULLETIN TYPE: Plan of Arrangement - Change in shre type/classification or other attributes, Delist
BULLETIN DATE: April 21, 2014
TSX Venture Tier 2 Companies

TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Blackbird Energy Inc. ("Blackbird") and Pennant Energy Inc. ("Pennant") dated February 17, 2014 (the "Agreement") pursuant to which Blackbird has agreed to acquire all of the issued and outstanding common shares of Pennant (the "Transaction"). Under the Agreement the consideration payable by Blackbird is 0.42857 of a Blackbird common share for each common share of Pennant held by Pennant shareholders.

The Exchange has been advised that approval of the Transaction by the Pennant shareholders was received at a special meeting of the shareholders held on April 4, 2014 and that approval of the Transaction was received from the Supreme Court of British Columbia on April 10, 2014. The full particulars of the Transaction are set forth in the Pennant Information Circular which is available under the Pennant profile on SEDAR.

Insider / Pro Group Participation: Garth Braun is the President, CEO and a Director of Blackbird and Pennant and Ron Schmitz is CFO and a director of Blackbird and Pennant.

Delisting:

In conjunction with the closing of the Transaction, Pennant has requested that its common shares be delisted. Accordingly, effective at the close of business, Monday, April 21, 2014, the common shares of Pennant will be delisted from the Exchange.
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