Mr. Jean-Paul Lachance reports

PEYTO ANNOUNCES FILING AND MAILING OF THE MANAGEMENT INFORMATION CIRCULAR IN CONNECTION WITH ITS ANNUAL MEETING OF SHAREHOLDERS

Peyto Exploration & Development Corp.'s notice of annual meeting of shareholders and management information circular are now available on the company's website as well as under Peyto's profile on SEDAR+. The company commenced the mailing of the circular and related materials for the meeting to Peyto's shareholders on April 22, 2024.

Peyto will hold the meeting on Wednesday, May 22, 2024, at 3 p.m. (Calgary time) at 15 Level, 600 -- 3rd Ave. SW, Calgary, Alta., T2P 0G5. The company encourages all shareholders to vote and attend the meeting.

The board of directors of Peyto recommends that shareholders vote for all proposed items.

Shareholders are encouraged to read the circular and vote your shares as soon as possible. The deadline for voting your shares is at 3 p.m. (Calgary time) on Friday, May 17, 2024.

For those shareholders that have not received their voting information, please contact either your financial adviser or Laurel Hill Advisory Group.

Shareholder questions

Shareholders who have any questions or require assistance with voting may contact the company's proxy solicitation agent and shareholder communications adviser, Laurel Hill Advisory Group.

Toll-free:  1-877-452-7184 (for shareholders in North America)

International:  1-416-304-0211 (for shareholders outside Canada and the United States)

By e-mail:  assistance@laurelhill.com

We seek Safe Harbor.