Announces Audit Opinion Erin Energy Corporation (Incorporated and registered in Delaware, United States of America) Share code on the NYSE MKT: ERN Share code on the JSE: ERN ISIN: US1317452001 (“Erin Energy” or “the Company”) Erin Energy Announces Audit Opinion HOUSTON--(BUSINESS WIRE)-- Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) today announced as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2016, which was filed on March 16, 2017 contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. This announcement does not represent any change or amendment to the Company’s consolidated financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2016. This announcement is made pursuant to NYSE MKT Company Guide, Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification. A copy of the Annual Report on Form 10-K is available to be viewed or downloaded within the Investors section of the Company’s website at www.erinenergy.com. A hardcopy of its complete audited financial statements can also be obtained free of charge by contacting Erin Energy’s Investor Relations department. ERIN ENERGY CORPORATION is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 7 licenses across 4 countries covering an area of 19,000 square kilometres (~5 million acres), including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana and The Gambia, and onshore Kenya. Erin Energy is headquartered in Houston, Texas, and is listed on the New York and Johannesburg Stock Exchanges under the ticker symbol ERN. For more information about Erin Energy or to request a hard copy of the Company’s most recent complete audited financial statements free of charge, please call +1 713 797 2940 or visit www.erinenergy.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170323006268/en/ Source: Erin Energy Corporation Erin Energy Corporation Lionel McBee, 1 713-797-2960 Director, Investor Relations and Corporate Communications lionel.mcbee@erinenergy.com Houston 24 March 2017 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 24/03/2017 07:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.