Tuscany Announces the Renewal of the Company's Credit Facility, Unchanged, at $8.5 Million

CALGARY, ALBERTA--(Marketwired - Jul 22, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that following the annual review by the Company's lender, the Company's credit facility has been renewed at $8.5 million with its terms and amount remaining unchanged from the previous credit facility.

Tuscany's net debt is currently approximately $6.5 million.

Tuscany has filed a copy of the Credit Facility agreement on SEDAR.

NEITHER THE 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.