[Context: On November 7, Natural Gas Partners-backed Petrus Resources announced its president and CEO Kevin Adair has resigned, and the company promoted COO Neil Korchinski to those roles. The company has a market cap of C$ 80.2m.]

Petrus Resources Announces Management Succession

CALGARY, ALBERTA–(Marketwired – Nov. 7, 2016) – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) announces that Mr. Kevin Adair has resigned from his positions as President and Chief Executive Officer, and as a director of Petrus. The board of directors is pleased to announce that Mr. Neil Korchinski, currently Vice President Engineering and Chief Operating Officer at Petrus, has been promoted to the role of President and Chief Executive Officer and has joined the Petrus Board.

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