Further, the ability of Tourmaline to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness, including its credit facility. The use of any of the words “forecast”, “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “on track”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. For further information: Tourmaline Oil Corp., Michael Rose, Chairman, President and Chief Executive Officer, (403) 266-5992; OR Tourmaline Oil Corp., Brian Robinson, Vice President, Finance and Chief Financial Officer, (403) 767-3587; [email protected], OR Tourmaline Oil Corp., Scott Kirker, Secretary and General Counsel, (403) 767-3593; [email protected]; OR Tourmaline Oil Corp., Jamie Heard, Senior Capital Markets Analyst, (403) 767-5942; [email protected]; OR Tourmaline Oil Corp., Suite 3700, 250 - 6th Avenue S.W., Calgary, Alberta T2P 3H7, Phone: (403) 266-5992; Facsimile: (403) 266-5952, E-mail: [email protected], Website: www.tourmalineoil.com. This public investment grade credit rating helps validate the overall financial health of Tourmaline as a stable, low-risk, senior North American oil and gas producer. Tourmaline offers a comprehensive, centralized commission management solution for institutional clients. Made In NYC | The Company believes that an investment grade rating will provide confidence to the market to effectively and efficiently evaluate and assess credit risk as well as help in obtaining and managing debt on favourable terms and provide for better benchmarking comparisons. CALGARY, AB, Sept. 9, 2020 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that on September 9, 2020 it has been assigned an issuer rating of BBB with a stable trend from DBRS Limited. More particularly and without limitation, this news release contains forward-looking information concerning the benefits to be derived from an investment grade credit rating, including providing market confidence, evaluating and assessing credit risk, the ability to obtain and manage debt on favourable terms and better benchmarking comparisons. The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. This public investment grade credit rating helps validate the overall financial health of Tourmaline as a stable, low-risk, senior North American oil and gas producer. CALGARY, AB, Sept. 9, 2020 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that on September 9, 2020 it has been assigned an issuer rating of BBB with a stable trend from DBRS Limited.

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