The TSX Venture Exchange has accepted for filing documentation the agreement of purchase and sale dated Dec. 31, 2025, between the issuer's wholly owned subsidiary (the vendor) and an arm's-length party (the purchaser). Pursuant to the terms of agreement, the vendor has sold to the purchaser its 40-per-cent participating interest in the Evesham Macklin oil and gas lands in Saskatchewan. As consideration for the disposition, the purchaser has paid and will pay the vendor an aggregate value of $4.8-million through the following payments:

• A $250,000 non-refundable deposit, which was paid on Dec. 19, 2025;
• A payment of $375,000, which was paid on Jan. 30, 2026;
• The balance of the loan of $3.8-million, applied to the purchase price on closing;
• A final payment of $375,000 paid on March 1, 2026;
• All profit entitlements and operating and capital commitments under the assets after Oct. 1, 2025, shall accrue to the purchaser.

Shareholder approval for the transaction was obtained at the issuer's annual general and special meeting of shareholders held on Jan. 29, 2026. For further information, please reference the company's news releases dated Dec. 15, 2025, Jan. 5, 2026, and March 6, 2026.