Mr. Bryson Goodwin reports

STAMPER OIL & GAS CORP. AMENDS TERMS OF PREVIOUSLY ANNOUNCED FINANCING

Stamper Oil & Gas Corp. has repriced the private placement previously announced on July 24, 2023. The price for the up to 7,692,308 units has been adjusted to a price of 6.5 cents per unit for gross proceeds of up to $500,000.

Each unit will consist of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at an exercise price of 8.5 cents per share for a period of 36 months from the closing date.

Flow-through offering

The company announces that it has also repriced the FT private placement previously announced on July 24, 2023. The price for the up to 2,352,942 flow-through units has been adjusted to a price of 8.5 cents per FT units for gross proceeds of up to $200,000. Each FT share will be issued as a flow-through share as such term is defined in Subsection 66(15) of the Income Tax Act (Canada) and associated regulations made thereunder.

Each FT unit will consist of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at an exercise price of 8.5 cents per share for a period of 36 months from the closing date.

All of the other terms set out in the press release of July 24, 2023, remain the same.

Warrant amendments

The company announces that, subject to regulatory approval, it intends to extend the expiration date and amend the exercise price of a total of 2,848,908 warrants originally issued by the company on June 7, 2021, June 21, 2021, and April 19, 2022, pursuant to non-brokered private placements.

The company wishes to extend the expiry date of 679,998 warrants from June 7, 2021, to June 7, 2026, 7,194 warrants from June 21, 2021, to July 21, 2026, and 2,161,716 warrants from April 19, 2022, to April 19, 2027. The company wishes to amend the exercise price of 679,998 warrants from $1.50 to 8.5 cents, 7,194 warrants from $2.40 to 8.5 cents and 2,161,716 warrants from 37 cents to 8.5 cents.

About Stamper Oil & Gas Corp.

Stamper (TSX Venture Exchange: STMP) is a resource company, seeking to acquire interests in mineral and/or oil and gas resource properties. The company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

We seek Safe Harbor.