Turner Addresses Market Volatility and Gives Acquisition (s) Updates

HOUSTON, Texas – June 5, 2018  – Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), pending name change to PrimeStar Bitumen, Inc., wishes to give an update on its incoming infrastructure transaction, and also address some rumors making their way around various chat and message boards the past week.  The Company wishes to convey to shareholders that all updates are based on the facts at that time and any changes require prompt notification to the shareholders via web updates, press releases, and filings. As such, the company stands behind everything that has been stated to date.

• Question – Has the Infrastructure and shipping deal been canceled?

Answer – The transaction as has been laid out in various press releases is still on track to be completed, although admittedly delayed.  Nothing has been canceled. Nothing has been terminated. If the time comes that the deal is no longer viable and cannot be completed?  Shareholders will be updated to that effect. That being said, the company is moving full steam ahead with its plans towards deal completion.  Its most recent management additions, Mike Lorrey and Patrick Devereaux, were brought into the company for a reason and the company has already started to reap the benefits.

• Question – Is the investment banking partner no longer Turner’s investment bank and has it pulled it’s money from the deal?

Answer – The bank is still Turner’s investment vehicle behind this transaction and is fully vested and committed to helping TVOG achieve its goals. They stands side by side with TVOG and is fully onboard with the course of action that the Company is taking. There have been a few tweaks to the  transaction, as is common in these types of things, but everything is on course for completion.

• Question – Has the deal been changed or downsized in some way?

Answer – The Company is willing and able to explore all options in building its new infrastructure company. Due to various issues of red tape and bureaucracy in dealing with the bank holding title to the ships Turner was initially interested in purchasing, the closing of Phase 1 of the shipping deal has taken longer than anyone would have hoped as previously updated in the Shareholder Letter and updates.  However, Turner and its investment banking partner are flexible in how they are building this business and planned for this contingency. So while the Company waits for these initial ships to be cleared for acquisition, Turner has already started Phase 2. This part of the process was prepared to acquire assets within the asphalt supply chain, including asphalt services such as paving and related businesses, and then moving upstream to transportation, storage, manufacturing, aggregates and plants.  The Company is in the process of closing two bolt-on infrastructure and blockchain strategic partnerships with many more bolt-ons in discussions to close. Details of the first acquisitions will be made public post haste. These pending deals and the initial shipping purchase do not preclude Turner from actively searching for other container ships to purchase as well, and the bank and the Company are actively doing so.

• Question – Is the Form 10 no longer being completed or has it been delayed?

Truth – The Form 10 has been edited according to SEC stipulations and is ready to be resubmitted.  The auditor has been paid. The company is waiting for its first acquisition (s) to be made public so that they may be included in the Form 10.  The Company feels this gives the Form 10 added legitimacy and transparency for current and potential future investors alike.

CEO Steve Helm added, “We greatly appreciate the patience that shareholders have shown the past year. Trying to start a multi-million dollar company basically from scratch has not been easy and as my family can attest, very stressful at times.  Not everything has gone according to form but I can assure you as your CEO, and I state this with the utmost confidence and conviction, that the real-time infrastructure acquisition plan is on track and advancing as originally expected, albeit with the adjusted timeline.  I welcome and look forward to sharing these details with you in the coming days and weeks as well as hosting an investor conference call to talk about our new company”.

NASDAQ Material Disclosure Link: http://www.nasdaq.com/symbol/tvog/press-releases

SEC Form 10 Link: https://backend.otcmarkets.com/otcapi/company/sec-filings/12583468/content/html

About Turner Valley Oil & Gas, Inc.

Turner Valley Oil & Gas, Inc. (pending name change from PrimeStar Bitumen, Inc.) (OTC:TVOG) is a business holding company with a historical focus on energy related holdings. The Company’s acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the real assets, blockchain, energy, infrastructure, bitumen, and asphalt segments.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such statements are subject to certain transactions such as the completion of the transfer of vessel assets and the closing of the private placement. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

Website:                      https://TVOGinc.com/
OTC Markets Profile: http://www.otcmarkets.com/stock/TVOG/profile
Full Disclaimer:          https://TVOGinc.com/disclaimer/  

Contacts:

Steve Helm, CEO
Turner Valley Oil And Gas, Inc.
Address:  3270 Sul Ross, Houston, TX 77098
Phone:    1-713-588-9453
Email:      Info@TVOGinc.com