RED DEER, AB--(Marketwired - March 30, 2016) - Parkland Fuel Corporation ("Parkland") (TSX: PKI), one of North America's fastest growing distributors and marketers of fuels and lubricants, is pleased to announce that it has filed a preliminary short form base shelf prospectus (the "Prospectus") with the securities regulatory authorities in each of the provinces of Canada, other than Quebec. 

During the 25-month period following the date that Parkland obtains a receipt from the applicable securities regulatory authorities for the final short form base shelf prospectus ("Final Prospectus"), Parkland will be able to offer for sale under the Final Prospectus, including any amendments thereto, up to an aggregate initial offering price of C$500,000,000 of certain debt securities, common shares or combination of such securities (collectively, the "Securities") in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in a prospectus supplement to the Final Prospectus. The net proceeds from the sale of any Securities will be used for purposes as set out in the applicable prospectus supplement.

A copy of the Prospectus can be found on SEDAR at www.sedar.com or may be obtained from Parkland upon written request from the Investor Inquiries contact below.

Notice to Reader

No securities regulatory authority has approved or disapproved the content of this press release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Securities nor shall there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under the securities laws of such jurisdiction.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any U.S. state securities laws and may not be offered and sold in the United Sates except in compliance with the registration requirements of said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

About Parkland Fuel Corporation

Parkland delivers gasoline, diesel, propane, lubricants, heating oil and other high-quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Our mission is to be the partner of choice for our customers and suppliers, and we do this by building lasting relationships through outstanding service, reliability, safety and professionalism.

We are unique in our ability to provide customers with dependable access to fuel and petroleum products, utilizing a portfolio of supply relationships, storage infrastructure, and third party rail and highway carriers to rapidly respond to supply disruptions in order to protect our customers.

Forward-Looking Statements

Certain statements made herein contain forward-looking information, including statements concerning filing of the Final Prospectus, obtaining a receipt for the Final Prospectus, offering terms and Parkland's intended use of the net proceeds of any offering of Securities. 

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Parkland does not undertake any obligation to update publicly or to revise any of the included forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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