Granite Oil Corp. Announces Monthly Dividend for January, 2017

CALGARY, ALBERTA -- (Marketwired) -- 01/16/17 -- 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 February 15, 2017 to shareholders of record on January 31, 2017 with an ex-dividend date of January 27, 2017. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

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

Source: Granite Oil Corp.

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