CALGARY, ALBERTA – May 14, 2015 - Canadian International Oil Corp. ("CIOC") announces that the special meeting of securityholders of CIOC scheduled for 9:00 a.m. (Calgary time) on May 19, 2015 in connection with the proposed plan of arrangement ("Arrangement") involving CIOC and the holders of common share purchase warrants of CIOC issued on August 25, 2010 and September 23, 2010 will be postponed to June 2, 2015, in accordance with the Interim Order of the Court of Queen's Bench of Alberta. The special meeting will be reconvened on June 2, 2015 at the offices of Burnet, Duckworth & Palmer LLP at 2400, 525 – 8th Avenue S.W., Calgary, Alberta commencing at 9:00 a.m. (Calgary time).

CIOC is currently contemplating certain amendments to the Arrangement. Further details in respect of the proposed amendments, and other related matters, will be included in supplemental meeting materials CIOC intends to provide securityholders in advance of the postponed meeting.

About Canadian International Oil Corp.:

Founded in 2010, CIOC is a privately held oil and gas company based in Calgary. CIOC's primary asset base is approximately 400,000 acres in the Deep Basin of West Central Alberta.

For further information please contact:

Scott W. Sobie

President and Chief Executive Officer

(403) 930-0560