Former E*TRADE executive Connie Kuhl joins Pennine's advisory board

CALGARY, Alberta, July 11, 2017 (GLOBE NEWSWIRE) -- Pennine Petroleum Corporation (TSX-V:PNN) ("Pennine" or the "Corporation") is pleased to announce the appointment of Ms. Connie Kuhl to its advisory board.

Ms. Kuhl, based near Dallas, Texas, previously served as Senior Vice President of E*TRADE Financial ("E*TRADE"), a New York-based financial services company for self-directed investors, and was responsible for developing E*TRADE's customer service, operations and trading activities. She was also the former Chief Compliance Officer and Senior Vice President of Customer Service and Brokerage Operations for Motif Investing, a next-generation online broker.

Ms. Kuhl has served on the board of directors at Archipelago Holdings, E*TRADE Securities, and Web Street, and as an advisor to the Chicago Board of Options Exchange. Ms. Kuhl also holds her Series 7, 63, 24 and 55 licenses.

"Connie has a very impressive pedigree in the area of online investing and trading. With her considerable skills and comprehensive background, we believe that she will help introduce Pennine to a new group of potential investors who haven't yet heard about our plans to help develop the Albanian hydrocarbon industry and our relationship with Ionian Refining and Trading Company," says Pennine CEO N. Desmond Smith.

The Corporation also announces the extension of 30,512,500 warrants. These warrants, which were scheduled to expire on August 4, 2017, have been assigned a new expiration date of January 4, 2018. All warrants have an exercise price of $0.05 for one common share.

About Pennine Petroleum Corporation: Pennine Petroleum Corporation is an emerging oil and gas exploration and development company (www.penninecorp.com) currently active in Albania, and the Canadian provinces of Alberta and Saskatchewan.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, contact:

Pennine Petroleum Corporation
N. Desmond Smith
T: 403.277.4421
F: 403.277.4439
E: des.smith@penninecorp.com

Dean Stuart
T: 403.617.7609
E: dean@boardmarker.net