Oronova Energy Inc. Announces Corporate Update

TSX-V: ONV

VANCOUVER, Feb. 15, 2018 /CNW/ - Oronova Energy Inc. ("Oronova" or the "Company") (TSX.V: ONV) announces that David Farrell, Geir Liland and Quentin Adrian have been appointed as directors of the Company and the Board of Directors have appointed David Farrell as CEO and Joanna Vastardis as CFO. Ralph Gillcrist, Jeffrey Scott, Nick Kirton and Frank Giustra have resigned from the board. The Company would like to thank the departing officers Ralph Gillcrist and Alan Aitchison for their prior contribution to Company.

In connection with the foregoing appointments, an aggregate of 950,000 incentive stock options have been granted to directors, officers, consultants and charitable organizations at a price of $0.14 per share, exercisable for a period of 10 years, subject to TSX-V approval

On behalf of the Board of Oronova Energy Inc.

"David Farrell"

Chief Executive Officer

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

SOURCE Oronova Energy Inc.

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