Toscana Energy confirms June dividend

CALGARY, June 16, 2014 /CNW/ - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) confirms that the cash dividend of $0.135 per common share (or the equivalent of $0.405 per common share on a quarterly basis) of the Company ("Common Share") to be paid on July 15, 2014 in respect of June 2014 production of the Company for shareholders of record on June 30, 2014.  The ex-dividend date is June 26, 2014.   Once paid, total cash dividends distributed by the Company to holders of Common Shares during the 2014 calendar year will be $0.81 per Common Share.  This dividend is an eligible dividend for purposes of the Income Tax Act (Canada).

About Toscana Energy Income Corporation

Toscana Energy Income Corporation is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation.  Toscana Energy Income Corporation is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.

About Sprott Toscana

Sprott Toscana (formerly Toscana Merchant Group) is a team of Calgary-based energy specialists that manage three separate businesses: Toscana Energy Income Corporation (through Toscana Energy Corporation), Toscana Financial Income Trust and Maple Leaf Energy Income LPs. In July 2012, Toscana Merchant Group joined the Sprott Group of Companies when it was acquired by Sprott Inc. (TSX: SII), Canada's leading alternative asset manager and a global leader in resource investing.

SOURCE Toscana Energy Income Corporation

For further information:

please visit our website at www.sprott-toscana.com or contact:

Joseph S. Durante, Chief Executive Officer
Tel: (403) 410-6793
Fax: (403) 444-0090
E-Mail: jdurante@toscanacapital.com