Twin Butte Energy Ltd. announced that its bank syndicate has agreed to extend the maturity date of Twin Butte's $85 million non-revolving credit facility from June 7, 2016 to June 9, 2016 and the expiry of the revolving period of Twin Butte's $140 million revolving credit facility from June 7, 2016 to June 9, 2016 to enable the Company to continue with its strategic alternatives process.