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Press release from CNW Group

Longview Announces Cash Dividend for June 2012 payable July 16, 2012

Friday, June 15, 2012

Longview Announces Cash Dividend for June 2012 payable July 16, 201217:58 EDT Friday, June 15, 2012(TSX: LNV)CALGARY, June 15, 2012 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") announces that the June 2012 monthly cash dividend will be $0.05 per share and will be paid on July 16, 2012. The record date for the dividend is June 29, 2012, and the ex-dividend date is June 27, 2012. The dividend is considered an "eligible dividend" for Canadian tax purposes.Longview's business strategy is to provide shareholders with attractive long term returns that combine both growth and yield by exploiting its assets in a financially disciplined manner and by acquiring additional long-life oil assets of a similar nature. Longview's asset base is comprised of operated oil-weighted resource plays with high working interests in the Western Canadian Sedimentary Basin.The payment and the amount of dividends declared in any month will be subject to the discretion of the board of directors and will depend on the board of director's assessment of the Corporation's outlook for growth, capital expenditure requirements, funds from operations, potential acquisition opportunities, debt position and other conditions that the board of directors may consider relevant at such future time, including applicable restrictions that may be imposed under the Corporation's Credit Facilities and on the ability of the Corporation to pay dividends. The amount of future cash dividends, if any, may also vary depending on a variety of factors, including fluctuations in commodity prices, production levels, capital expenditure requirements, debt service requirements, operating costs, royalty burdens and foreign exchange rates.All dollar amounts in this press release are Canadian dollars unless otherwise indicated.For further information: Investor RelationsToll free: 1-855-813-0313Longview Oil Corp. 700, 400 -3rd Avenue SW Calgary, Alberta T2P 4H2 Phone:  (403) 718-8000 Fax:      (403) 718-8300 Web Site: www.longviewoil.com E-mail:  ir@longviewoil.com