This news release contains forward-looking statements relating to the timing and completion of the Proposed Transaction, the future operations
of Primary and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”,
“may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding the Proposed Transaction and the future plans and objectives of Primary, are forward
looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to
differ materially from Primary's expectations are risks detailed from time to time in the filings made by Primary with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of Primary. As a result, Primary cannot guarantee that the
Amalgamation will be completed and that any forward-looking statement will materialize and the reader is cautioned not to place undue
reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation,
may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the
date of this news release and Primary will update or revise publicly any of the included forward-looking statements as expressly required by
Canadian securities law. http://www.primarypetroleum.com/pdf/PIE_News_2014-01-21.pdf |
