Dalmac Energy Inc. announced that on April 29, 2019, Dalmac entered into an agreement to sell its Fox Creek Tank Farm to 1175317 Alberta Ltd., for an aggregate purchase price of $380,000 cash. Also on April 29, 2019, the Purchaser agreed to provide a shareholder loan from the Purchaser in the amount of $420,000 (the "Shareholder Loan"). The Shareholder Loan will be non-interest bearing, unsecured and assigned and postponed to Dalmac's existing credit facility (the "Credit Facility") with its primary lender, Servus Credit Union Ltd. (the "Lender"). In addition, Dalmac has also entered into agreement to make certain amendments to its Credit Facility, which amendments include: (a) a reduction in Dalmac's evergreen equipment facility maximum from $7,000,000 to $5,250,000; (b) an increase in its annual interest rate from the Lender's prime lending rate plus 1% to the Lender's prime lending rate plus 1.2%; (c) a condition that the Shareholder Loan be assigned and postponed to the Credit Facility; and (d) the inclusion of additional specificity in the required calculation of Dalmac's debt service coverage ratio, which has remained at a minimum of 1.25:1 (cash flow divided by debt service requirements).