Anderson Energy Ltd. report that the Company's board of directors initiated a process to identify, examine and consider a range of strategic alternatives with a view to enhancing shareholder value.

The strategic alternatives include, but are not limited to, a sale of all or a material portion of the assets of Anderson, either in one transaction or in a series of transactions, the outright sale of the Company, or a merger or other strategic transaction involving Anderson and a third party. The Board engaged BMO Capital Markets and RBC Capital Markets as financial advisors to assist in this process.

The strategic review process is not complete and is still ongoing and the Company will continue to identify, examine and consider a full range of strategic alternatives.

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