CALGARY, ALBERTA--(Marketwired - March 15, 2017) - GRANITE OIL CORP. ("Granite") (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that a dividend of $0.035 per common share will be paid in cash on April 17, 2017 to shareholders of record on March 31, 2017 with an ex-dividend date of March 29, 2017. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

Contact Information:

Granite Oil Corp.
Michael Kabanuk
President & CEO
(587) 349-9123