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Eagle Energy Trust Announces Closing of Arrangement
with Maple Leaf Royalties Corp. and Conversion into a Corporation
Calgary, Alberta: January 27, 2016: Eagle Energy Trust (the “Trust” or “Eagle”) (TSX: EGL.UN) and Maple Leaf
Royalties Corp. (“Maple”) (TSXV: MPL) are pleased to announce the completion of the previously announced plan of
arrangement (the “Arrangement”) whereby Eagle has acquired all of the issued and outstanding common shares of
Maple and converted into a corporation called “Eagle Energy Inc.”. The common shares of Eagle Energy Inc. are listed
on the Toronto Stock Exchange under the symbol “EGL”.

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