SDX Energy Regulatory News (SDX)

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

SDX ENERGY INC

("SDX" or the "Company")

Issue of Equity and Total Voting Rights

On 11 December 2017, an employee of the Company exercised $0.36 options (granted under the Canadian Stock option plan) over a total of 33,332 Common Shares of no par value in the share capital of the Company ("Common Shares").

SDX has applied to the London Stock Exchange for 33,332 new Common Shares (the "New Common Shares") to be admitted to trading on AIM ("Admission").

It is expected that Admission will become effective on 19 December 2017. The New Common Shares will, following allotment, rank pari passu in all respects with the existing issued Common Shares.

Following Admission, the Company's issued share capital will be 204,493,040 Common Shares. The Company does not hold any Common Shares in treasury. Therefore the total number of voting rights in the Company will be 204,493,040.

Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX Energy has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Gharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX Energy's portfolio also includes three high impact exploration opportunities, South Disouq in Egypt and Lalla Mimouna and Gharb Centre in Morocco.

For further information, please see the website of the Company at www.sdxenergy.com or the Company's filed documents at www.sedar.com.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.