CALGARY, Alberta, June 15, 2017 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite”) (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that a dividend of $0.035 per common share will be paid in cash on July 17, 2017 to shareholders of record on June 30, 2017. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

For further information, please contact Michael Kabanuk, President & CEO by telephone at (587) 349-9123.

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