Mr. David Mitchell reports

CROSSOVER ACQUISITIONS INC. AND RESOLUTE RESOURCES LTD. ANNOUNCE CONDITIONAL ACCEPTANCE OF QUALIFYING TRANSACTION AND FILING OF FILING STATEMENT

Crossover Acquisitions Inc. has received conditional approval from the TSX Venture Exchange in respect of its previously announced qualifying transaction with Resolute Resources Ltd. pursuant to Policy 2.4. In connection with the transaction and pursuant to TSX-V requirements, Crossover has filed on SEDAR+ a filing statement dated Aug. 10, 2023, which provides further information concerning Crossover, Resolute and the transaction.

Transaction update

Completion of the transaction is subject to a number of conditions, including, but not limited to, completion of the consolidation and name change (as such terms are defined in the filing statement), closing conditions customary to transactions of the nature of the transaction, and final acceptance from the exchange of the transaction as the qualifying transaction (as defined in Policy 2.4) of Crossover. Subject to certain conditions, as more particularly described in the filing statement, completion of the transaction is anticipated to occur on or about Aug. 22, 2023.

Further information concerning the corporation, Resolute and the transaction are contained in the filing statement, which is available for review under the corporation's SEDAR+ profile.

About Crossover Acquisitions Inc.

Crossover completed its initial public offering on Oct. 15, 2021. The common shares of Crossover are listed for trading on the TSX-V under the symbol CRSS.P. Crossover has not commenced commercial operations and has no assets other than cash. Crossover was incorporated under the laws of the Province of Ontario.

About Resolute Resources Ltd.

Resolute is a private company and was incorporated under the laws of the Province of Alberta on June 5, 2019. Resolute is an energy corporation with projects in northwest Alberta and northeast British Columbia, where it is exploring shallow cretaceous sandstone reservoirs that can be exploited with multilateral open-hole wells. Resolute has accumulated just under 35,000 acres in its GFD light oil project in northwest Alberta and approximately 10,000 acres at its Evie project in northeast B.C. Resolute is pursuing projects that are high in environmental social and governance metrics, which result in lower emission oil and low water use due to no hydraulic fracturing, but that provide high economic returns.

We seek Safe Harbor.