Vote Your Blue Proxy for the Concerned Shareholder’s Nominees and Protect Your Investment in Terra Nova Energy Ltd.

VANCOUVER, BC / ACCESSWIRE / July 9, 2015 / As support for the concerned shareholder’s nominees continues to grow and the deadline for voting is imminent, Michael Caetano urges the shareholders of Terra Nova Energy Ltd. (TSX VENTURE: TGC)(OTCQX:TNVMF) (“Terra Nova“) to protect their investment and bring positive changes to Terra Nova by voting the Blue Proxy before 5:00 p.m. (PDT) on July 10, 2015 for the annual general meeting of Terra Nova to be held on July 15, 2015. If you are unable to vote by this deadline, Mr. Caetano still urges you to vote the Blue Proxy and he will make every effort to have your vote counted at the meeting.

The reason that Mr. Caetano has put forth four nominees for election of directors is a direct result of his concern over recent decisions made by the current board that have diluted Terra Nova’s interest in Petroleum Exploration License (“PEL“) 112 and 444 and his growing concern that future decisions made by the current board will continue to erode the value of Terra Nova.

Recent decisions made by the current board have resulted in Terra Nova significantly decreasing its interest in each of PEL 112 and 444 to just 20% while at the same time a related offshore company, Perseville Investing Inc., is increasing its interest. The concerned shareholder believes that these actions are not in the best interest of Terra Nova and that such actions may have benefited insiders of Terra Nova.

The nominees proposed by Michael Caetano are very experienced business leaders with extensive backgrounds in finance, management and oil and gas technical operations. All have a demonstrated commitment to good corporate governance and to act in the best interest of shareholders. The concerned shareholder’s nominees have the experience to advance Terra Nova’s drilling plans for PEL 112 and 444 and finance Terra Nova without diluting its interest in PEL 112 and 444. The concerned shareholder believes that an alignment of shareholders’ interests with that of the company and its board is only possible when Terra Nova has directors who are truly independent and possess the necessary skills and experiences to empower them to act as fiduciaries and good stewards for all investors.

The Proposed Nominees for the Board:

Michael John Caetano

Mr. Caetano graduated in 1995 from Seneca College in Business and also studied at the University Of Toronto.

From May 2008 to 2011, Mr. Caetano was President of a Venture Capital Company, Global Asset Management, and assisted private and public companies in achieving all aspects of strategy, development and growth. This involved strategic tasks such as procurement, development and execution of investment analysis, investment fund deployment with a focus on return on investment, client relationships, managing and fostering co-operative relationships with clients and employees.

From January 2008 to present, Mr. Caetano has been a senior executive of Skyline Custom Homes and is responsible for the operations of multiple real estate projects. Based on his business and construction knowledge, he designs, builds and implements the various stages of residential and commercial construction developments.

Since 2009, Mr. Caetano has been involved in the oil and gas industry, helping companies restructure, raise capital and manage day-to-day operations to establish company growth. Mr. Caetano is currently a Director and Chief Executive Officer of Strongbow Resources Inc., a reporting issuer in British Columbia and Alberta and quoted on the OTCQB, since August 2013. Since his appointment, Mr. Caetano has managed to re-structure and reduce Strongbow’s deficit by $650,000. Mr. Caetano continues to solidify Strongbow’s management to help build shareholder value by strategically acquiring and operating selective assets.

Peter John Cockcroft

An oil industry veteran, Peter (a geology graduate) has a combination of technical excellence, strategic and corporate experience and international hands-on operational background. He has run operational offices (as Country Manager) in Indonesia, Thailand, Philippines, Pakistan, India, Vietnam, France and Singapore, and has had fiscal responsibility for 11 oilfield rejuvenation projects, nine new oil and gas field developments, and has run exploration and production operations in Thailand, Philippines, India, Pakistan, Australia and France, in both conventional and unconventional oil and gas projects. He has overseen exploration projects in West Africa, Yemen, Australia, Indonesia, Europe, producing fields in California, Sharjah, France, China, India, Egypt, Iraq, Ukraine and Russia, and unconventional projects in Australia, China, France and USA. He has held executive positions for BHP Petroleum, Premier Oil, Shell, has worked for the National Oil Companies of Indonesia and Korea as well as the Energy Adviser to the President of East Timor from 2002 until 2007.

From August 2008 to December 2012, Mr. Cockcroft was a director and Chairman of Blue Energy Limited. From July 2010 to April 2011, he was a director and Managing Director of European Gas Limited. From April 2011 to November 2014, he was a director of Nuenergy Gas Limited, and from May 2012 to May 2015, he was a director of Kairiki Energy Limited. In 2005 he was a Founder Director of Kuwait Energy Corporation, the largest private oil company in Kuwait.

As well as being a Distinguished Lecturer for the Society of Petroleum Engineers (“SPE”), he was a lecturer from 2014 and 2015 on “Negotiation for Oil and Gas” MBA Module for Edinburgh Business School. He has published in excess of 30 technical papers for the SPE, and has presented technical courses around the world in petroleum geology, marginal field development, reserves, and various commercial topics. Peter Cockcroft is a Certified Petroleum Geologist from the American Association of Petroleum Geologists.

Kent Harold Edney

Mr. Edney is a Professional Petroleum Engineer with a diverse background in all aspects of oil and gas exploitation and development.

Mr. Edney began his career in 2001 as a reservoir engineer with Epic Consulting Services (now part of Baker Hughes) where he focused on reservoir simulations and evaluations for optimum development strategies. In 2003, he joined Thunder Energy as a production engineer, responsible for all aspects of operations from the wellhead to the sales point in Saskatchewan, Alberta and British Columbia as the company grew to over 8,000 boe/d. From mid-2006 to the end of 2009, Mr. Edney was an Area Engineer with Breaker Energy as the company grew to over 7,000 boe/d. Mr. Edney oversaw a team of geoscientists, landmen, accountants and field personnel responsible for managing 4,500 boe/d and capital budgets in excess of $50 million annually in southern Alberta. Mr. Edney was also the engineer responsible for all production, drilling, completions, exploitation and reservoir engineering duties. After the sale of Breaker Energy to NAL Resources in December 2009, Mr. Edney was an Area Engineer with NAL Resources managing 4,000 boe/d in central Alberta and helped with the transition of Breaker’s assets into NAL. In mid-2010 the senior management team of Breaker started Surge Energy Inc. and he joined the team as an Area Engineer responsible for the eastern Alberta and Manitoba assets. Mr. Edney joined Nextraction Energy in early 2011 and quickly progressed from Operations Manager to President in December 2011. As President, Mr. Edney effectively acted as both the Chief Executive Officer and Chief Operating Officer and was responsible for corporate governance, guidance and compliance, as well as all the day to day operations of the company in eastern Alberta and Wyoming, as the primary engineer and operations person. In April 2015, Mr. Edney joined Strongbow Resources Inc. as its Chief Operating Officer. Mr. Edney graduated with a Bachelor’s Degree in Oil and Gas Engineering (Internship Program) in 2003 from the University of Calgary.

Robert Madzej

Robert Madzej has over 10 years of experience in business development and finance. During his business ventures, he has demonstrated invaluable knowledge in corporate structuring and economical decision-making. Since October 2013, he has been a director of Strongbow Resources Inc. and served as its Chief Operating Officer from October 2013 to May 2015. Since May 2011, he has also been a small business advisor at TD Canada Trust. Also, he was a foreign exchange specialist at Citizens Bank of Canada from June 2008 to May 2011. Mr. Madzej graduated with a Bachelor of Business Administration, Accounting and Financing from Simon Fraser University in 2006.

VOTE FOR AN INDEPENDENT UNINCUMBERED BOARD – VOTE USING YOUR BLUE PROXY

VOTE FOR:

MICHAEL JOHN CAETANO

KENT HAROLD EDNEY

ROBERT MADZEJ

PETER JOHN COCKCROFT

PLEASE VISIT WWW.SHAREHOLDERSTERRANOVA.COM for more information

FOR ASSISTANCE: SHORECREST GROUP at 1-888-637-5789

PLEASE VOTE YOUR BLUE PROXY AND SUPPORT THE CONCERNED SHAREHOLDER’S BOARD NOMINEES. If you have submitted a management proxy, you can change your vote by voting a later dated BLUE proxy. Time is short. Shareholders are asked to vote their BLUE proxy via the internet, telephone or fax (where available). In order for your vote to be received in sufficient time for the meeting, please vote before 5:00 p.m. (PDT) on July 10, 2015. If you are unable to vote by this deadline, we will still make every effort to have your vote counted at the meeting. If you have not received your BLUE proxy or require assistance in voting, please contact our proxy solicitation agent, Shorecrest Group at 1-888-637-5789 or email: contact@shorecrestgroup.com.

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