Mr. Dale Miller reports

PRAIRIE PROVIDENT REPORTS ON AGM VOTING RESULTS

Prairie Provident Resources Inc. has released the voting results from its annual and special shareholders meeting held today. A total of 1,216,965,050 common shares, representing approximately 86.8 per cent of the company's issued and outstanding common shares, were represented in person or by proxy at the meeting.

All of the matters put forward to the shareholders, as set out in the company's notice of meeting and information circular dated April 15, 2025, a copy of which is available from SEDAR+ or the Prairie Provident website, were approved by the requisite majority of votes cast at the meeting.

Election of directors

At the meeting, each of Glenn Hamilton, Dale Miller, Matthew Shyba and Kathy Turgeon was elected, by ordinary resolution, as a director of Prairie Provident for the ensuing year, to hold office until the close of the next annual meeting of shareholders.

The attached table provides details as to the number of votes cast for the election of each director nominee at the meeting, and the percentage that figure represented of the total shares voted or withheld from voting in respect of that nominee.

Other matters

Shareholders also passed at the meeting a series of resolutions approving, in each case by a majority of over 99 per cent of votes cast, all other items of business set out in the information circular. These other items of business consisted of: (i) appointing Ernst & Young LLP as the auditor of the company for the ensuing year; (ii) approving unallocated entitlements under the Prairie Provident stock option plan and incentive security plan, as well as certain amendments to such plans; (iii) approving a consolidation of the outstanding common shares and authorizing the company's board of directors to determine a consolidation ratio between 1:20 and 1:30; and (iv) approving amendments to the company's authorized share capital to create a new class of non-voting common shares.

No further determinations have been made with respect to the proposed share consolidation, which remains subject to acceptance by the Toronto Stock Exchange. Upon the Prairie Provident board of directors determining to proceed with the consolidation, the company will issue a news release to announce the consolidation ratio, the timing for implementation and the commencement of TSX trading on a postconsolidation basis, and the process for registered shareholders to exchange certificates evidencing preconsolidation shares for new certificates or direct registration system (DRS) advice statements evidencing postconsolidation shares.

About Prairie Provident Resources Inc.

Prairie Provident is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The company's strategy is to optimize cash flow from its existing assets to finance low-risk development and maintain stable cash flow, while limiting its production decline.