Mr. Cameron Tymstra reports

TARGA ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to the company's news release dated May 13, 2025, and effective May 27, 2025, Targa Exploration Corp. will consolidate the common shares in the capital of the company on the basis of one new common share for every five old common shares outstanding.

The name of the company and trading symbol will remain the same after the consolidation. The new Cusip number will be 87612L209 and the new international securities identification number will be CA87612L2093 for the postconsolidation common shares.

The company's postconsolidation common shares are expected to begin trading on the Canadian Securities Exchange on or about May 27, 2024. The total issued and outstanding number of common shares postconsolidation will be approximately 20,683,865.

Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the company. All registered shareholders will be required to send their respective certificates representing the preconsolidation common shares, along with a properly executed letter of transmittal, to the company's transfer agent, Odyssey Trust Company, in accordance with the instructions provided in the letter of transmittal. All shareholders who submit a duly completed letter of transmittal, along with their respective preconsolidation common share certificate(s), to Odyssey Trust will receive a postconsolidation common share certificate or direct registration advice representing the postconsolidation common shares.

About Targa Exploration Corp.

Targa Exploration is a Canadian exploration company engaged in the acquisition, exploration and development of gold mineral properties, with headquarters in Vancouver, B.C. Targa's principal asset is its Opinaca gold project, where a significant gold-in-till anomaly has been identified over a strike length of seven kilometres.

We seek Safe Harbor.