Effective at the opening of Monday, April 21, 2025, the common share purchase warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas exploration company.

Corporate jurisdiction:  Alberta

Capitalization:  65,435,521 warrants, authorized by a warrant indenture dated April 8, 2025, of which 65,435,521 warrants are issued and outstanding

Transfer agent:  Odyssey Trust Company

Trading symbol:  SOU.WT (new)

Cusip No.:  842813 14 9 (new)

Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of nine cents per share at any time until April 8, 2028.

Further to the exchange bulletin dated April 16, 2025, the warrants were issued pursuant to the company's prospectus offering announced on March 12, 2025. For more information, refer to the company's news releases dated March 12, 2025, March 25, 2025, and April 8, 2025.