CALGARY, ALBERTA–(Marketwired – July 26, 2016) – Gear Energy Ltd. (“Gear“) (TSX:GXE) and Striker Exploration Corp. (“Striker“) (TSX VENTURE:SKX) are pleased to announce that today Striker received shareholder and court approval for the previously announced combination of the two companies pursuant to the previously announced plan of arrangement (the “Arrangement“). Gear also received shareholder approval of the issuance of Gear common shares (“Gear Shares“) pursuant to the Arrangement. Pursuant to the Arrangement, shareholders of Striker will receive 2.325 Gear Shares for each Striker common share (“Striker Share“). The Arrangement was approved by shareholders of Striker holding greater than 99% of the Striker Shares who voted on the Arrangement. The resolution approving the issuance of Gear Shares pursuant to the Arrangement was approved by shareholders of Gear holding greater than 98% of the Gear Shares who voted on such resolution. The Arrangement is expected to become effective on July 27, 2016.