Mr. Jean-Paul Lachance reports

PEYTO EXPLORATION & DEVELOPMENT CORP. AND CENTRICA ENERGY ENTER 10-YEAR NATURAL GAS SUPPLY AGREEMENT

Peyto Exploration & Development Corp. has signed a long-term natural gas supply agreement with Centrica Energy. Under the agreement, Peyto will deliver 50,000 million British thermal units of natural gas per day to Centrica Energy over a 10-year period commencing in 2029.

Deliveries will be made at the NIT AECO hub operated by TC Energy in Alberta. The gas will be priced against the Title Transfer Facility, the benchmark for European gas markets. This agreement supports Peyto's strategy of diversifying its natural gas sales to premium demand markets and provides the company with liquefied natural gas price exposure through a partnership with Centrica Energy, a global leader in energy trading.

We seek Safe Harbor.