Acquisition provides Parkland with the leading retail, commercial
and wholesale business in B.C, and the premier supply assets in the
province

Parkland’s ownership of the Burnaby Refinery and related supply
infrastructure will further enhance its supply advantage

CALGARY, Alberta–(BUSINESS WIRE)–Parkland Fuel Corporation (“Parkland”) (TSX:PKI), Canada’s largest and
one of North America’s fastest growing independent marketers of fuel and
petroleum products, announced today the closing of its acquisition of
Chevron Canada R & M ULC which operates a downstream fuel business in
British Columbia and Alberta.

“This acquisition provides Parkland with British Columbia’s strongest
fuel marketing business and will make Parkland the exclusive distributor
of Chevron-branded fuels. With this acquisition, Parkland is also
acquiring the Burnaby Refinery, a proven asset that directly supports
our core fuel marketing business in an important region, and enhances
our supply advantage,” said Bob Espey, President and Chief Executive
Officer of Parkland. “We are extremely pleased to welcome the Chevron
Canada refining and marketing employees to the Parkland team. We believe
in and are committed to investing in these assets, and the local
employees who will help us grow in BC and beyond.”

Parkland closed the transaction on October 1, 2017 at 00:59am (Calgary
time).

Parkland will update its 2017 Adjusted EBITDA guidance concurrently with
the release of its Q3 2017 financial results.

SUMMARY OF ACQUIRED BUSINESS

The Acquisition includes:

• 129 Chevron branded retail service stations principally located in the
Greater Vancouver area

• 37 commercial cardlock locations in British Columbia and Alberta

• Wholesale aviation business serving the Vancouver International Airport

• Three terminals located in Burnaby, Hatch Point, and Port Hardy, BC

• 55,000 bpd light / sweet crude refinery located in Burnaby, BC

FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES

Certain information included herein is forward-looking. Many of these
forward looking statements can be identified by words such as “expects”,
“expected”, “will”, “anticipate”, “continue”, or similar words. Parkland
believes the expectations reflected in such forward-looking statements
are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should not
be unduly relied upon. Forward-looking statements are not guarantees of
future performance and involve a number of risks and uncertainties some
of which are described in Parkland's annual information form and other
continuous disclosure documents. Such forward-looking statements
necessarily involve known and unknown risks and uncertainties and other
factors, which may cause Parkland's actual performance and financial
results in future periods to differ materially from any projections of
future performance or results expressed or implied by such
forward-looking statements. Such factors include, but are not limited
to: general economic, market and business conditions; industry capacity;
competitive action by other companies; refining and marketing margins;
the ability of suppliers to meet commitments; actions by governmental
authorities including increases in taxes; changes in environmental and
other regulations; and other factors, many of which are beyond the
control of Parkland.

Any forward-looking statements are made as of the date hereof and
Parkland does not undertake any obligation, except as required under
applicable law, to publicly update or revise such statements to reflect
new information, subsequent or otherwise. The forward-looking statements
contained in this press release are expressly qualified by this
cautionary statement.

ABOUT PARKLAND FUEL CORPORATION

Parkland Fuel Corporation is Canada’s largest and one of North America’s
fastest growing independent marketers of fuel and petroleum products. It
delivers gasoline, diesel, propane, lubricants, heating oil and other
high-quality petroleum products to motorists, businesses, households and
wholesale customers in Canada and the United States. Our mission is to
be the partner of choice for our customers and suppliers, and we do this
by building lasting relationships through outstanding service,
reliability, safety and professionalism.

We are unique in our ability to provide customers with dependable access
to fuel and petroleum products, utilizing a portfolio of supply
relationships, storage infrastructure, and third-party rail and highway
carriers to rapidly respond to supply disruptions in order to protect
our customers.

To sign up for Parkland news alerts, please go to http://bit.ly/PKI-Alert
or visit www.parkland.ca.

Contacts

Parkland Fuel Corporation
Investor Inquiries
Ben
Brooks, 403-567-2534
Vice President, Treasury & Investor Relations
[email protected]
or
Media
Inquiries
Annie Cuerrier, 403-567-2579
Director, Corporate
Communications
[email protected]