CALGARY, ALBERTA--(Marketwired - Sept. 15, 2015) - GRANITE OIL CORP. ("Granite") (TSX:GXO)(OTCQX:GXOCF) is pleased to announce that a dividend of $0.0325 per common share will be paid in cash on October 15, 2015 to shareholders of record on September 30, 2015 with an ex-dividend date of September 28, 2015. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

Contact Information:

Granite Oil Corp.
Michael Kabanuk
President & CEO
(403) 984-6335

Granite Oil Corp.
Jonathan Fle
E.V.P.
(403) 984-6328