Prairie Provident Closes Strategic Light Oil Asset Acquisition, Increases Credit Facility and Reiterates 2017 Production Growth Guidance

CALGARY, ALBERTA (March 23, 2017) – Prairie Provident Resources Inc. (“Prairie Provident” or “PPR” or the “Company”) (TSX: PPR) is pleased to announce the completion of its previously announced acquisition of strategic assets in the Greater Red Earth area of northern Alberta (the “Assets”) for cash consideration of $41.0 million (the “Acquisition”). The Assets include…