SEPT-ILES, QUEBEC--(Marketwired - Nov 19, 2014) - Sharing the Quebec North Shore's ambition to ensure its industrial development with a safe and effective supply of liquid natural gas (LNG), two leading companies in this sector today signed an exclusive partnership that could become the major LNG supply chain for the North Shore. Insofar as it gains the requisite government approvals, TUGLIQ Energy has committed to distribute the gas produced by Pétrolia from its Bourque permits in Gaspé. The gas will be delivered to the North Shore by a seaway network.

Currently, 100% of the natural gas consumed in Quebec comes from outside the province. That is $1 billion lost to Quebec and which is directed elsewhere. As with electricity rates, a supply of gas at a stable set price over long periods, in particular through the development of the Bourque project, would be an unprecedented catalyst for Quebec's industrial development. The environment will also benefit from the substitution of oil, diesel, coke and other fuels with natural gas, which will help the governments reach their greenhouse gas (GHG) emissions targets.

ABOUT TUGLIQ

TUGLIQ is clearly destined to become the North American leader in local energy supply and play a major role in the development and deployment of Quebec's energy strategy for the Great North. Its customized energy diversification solutions help companies and communities reduce their energy costs by 30% to 50%. They would also benefit from the competitive advantages conferred by the stability and durability of its infrastructures and the expected social windfall that would improve living and working environments, open up local economies and increase the prosperity and energy independence of the local communities.

ABOUT PÉTROLIA

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Quebec company whose objective is to develop hydrocarbons from here, by the people here, for here. Pétrolia has 77,603,196 issued and outstanding shares.