Perpetual Energy Inc. Announces Appointment of Director

CALGARY, Oct. 19, 2017

CALGARY, Oct. 19, 2017 /PRNewswire/ - Perpetual Energy Inc. ("Perpetual") is pleased to announce the appointment of Mr. Ryan Shay to the Board of Directors. Mr. Shay brings over 20 years of experience in the oil and gas industry, retiring in June 2016 from his position as Managing Director, Head of Investment Banking for Cormark Securities. Prior to transitioning to investment banking, Mr. Shay was Cormark's Senior Energy Research Analyst for eight years. Mr. Shay's extensive experience in capital markets, mergers and acquisitions, strategic planning as well as his leadership and management experience will provide a valuable perspective to Perpetual.

About Perpetual

Perpetual is an oil and natural gas exploration, production and marketing company headquartered in Calgary, Alberta. Perpetual operates a diversified asset portfolio, including liquids-rich natural gas assets in the deep basin of west central Alberta, heavy oil and shallow natural gas in eastern Alberta, with longer term opportunities through undeveloped oil sands leases in northern Alberta. Additional information on Perpetual can be accessed at www.sedar.com or from the Corporation's website at www.perpetualenergyinc.com.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

SOURCE Perpetual Energy Inc.