Advantage Energy LtdTSX: AAV

2016 Budget Targets 39% Annual Production Growth, $120 million Capital Program & Total Cash Costs of $0.75/mcfe

· Issued by Advantage Energy Ltd via CNW

Craig Blackwood, Vice President, Finance and Chief Financial Officer, (403) 718-8005; OR Investor Relations, Toll free: 1-866-393-0393; Advantage Oil & Gas Ltd., 300, 440 - 2nd Avenue SW, Calgary, Alberta T2P 5E9, Phone: (403) 718-8000, Fax: (403) 718-8332, Web Site: www.advantageog.com, E-mail: ir@advantageog.comCopyright CNW Group 2015

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