HOUSTON, TEXAS--(Marketwired - July 22, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields") (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) is pleased to announce that, further to the press release of the Company dated March 8, 2016, Greenfields has mailed its management information circular and related proxy materials in connection with the meeting (the "Shareholder Meeting") of holders of common shares of the Company and the meeting (the "Debentureholder Meeting") of holders ("Debentureholders") of the 9.00% convertible unsecured subordinated debentures of the Company. Both the Shareholder Meeting and the Debentureholder Meeting are scheduled to be held at 211 Highland Cross Drive, Suite 250, Houston, Texas 77073, U.S.A. on August 18, 2016 at 10:00 a.m. (CST), in the case of the Shareholder Meeting, and at 11:00 a.m. (CST), in the case of the Debentureholder Meeting. Copies of the meeting materials mailed to the Greenfields securityholders have been filed on Greenfields' SEDAR profile and are available for viewing at www.sedar.com.

About Greenfields Petroleum Corporation

Greenfields is a junior oil and natural gas company focused on the development and production of proven oil and gas reserves principally in the Republic of Azerbaijan. The Company plans to expand its oil and gas assets through further farm-ins, and acquisitions of Production Sharing Agreements from foreign governments containing previously discovered but under-developed international oil and gas fields, also known as "greenfields". More information about the Company may be obtained on the Greenfields website at www.greenfields-petroleum.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.