InPlay Oil Corp. Announces Extension of Senior Credit Facility

GLOBENEWSWIRE

Thursday, June 30, 2022, 5 PM MDT

CALGARY Alberta, June 30, 2022 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that the Term Out Date and Borrowing Base redetermination applicable to the revolving line of credit (Tranche A and Operating Facilities) under the Company’s Senior Credit Facility has been extended from June 30, 2022 to July 29, 2022. InPlay and its banking syndicate are in the process of negotiating the annual renewal and redetermination and have agreed to the extension in order to provide additional time to finalize terms.

For further information please contact:

Doug BartolePresident and Chief Executive OfficerInPlay Oil Corp. Telephone: (587) 955-0632Darren Dittmer Chief Financial Officer InPlay Oil Corp. Telephone: (587) 955-0634

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