Mr. Marty Staples reports

TOPAZ ENERGY CORP. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS

Topaz Energy Corp.'s shareholders have approved all resolutions at the annual meeting of shareholders of the company held on May 2, 2024. A report of voting results will be available on SEDAR+.

The resolution to appoint the eight nominees as directors of the company was passed on a vote by poll and each of the directors received the votes as shown in the attached table for their election.

The resolution to appoint KPMG LLP as the company's auditor was approved with 100,650,346 (99.95 per cent) of the shares represented at the meeting voting in favour of the resolution.

The non-binding advisory resolution to accept the company's approach to executive compensation was voted for with 96,926,495 (96.68 per cent) of the shares represented at the meeting voting in favour of the resolution.

The resolution to approve the unallocated options under the company's performance share unit plan was approved with 75,954,130 (75.76 per cent) of the shares represented at the meeting voting in favour of the resolution.

The resolution to approve the unallocated options under the company's deferred share unit plan was approved with 75,636,970 (75.44 per cent) of the shares represented at the meeting voting in favour of the resolution.

About Topaz Energy Corp.

Topaz Energy is a unique royalty and infrastructure energy company focused on generating FCF (free cash flow) growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada's largest and most active natural gas producer, Tourmaline Oil Corp., an investment-grade senior Canadian exploration and production company, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance best practices. Topaz Energy focuses on top-quartile energy resources and assets best positioned to attract capital to generate sustainable long-term growth and profitability.

The Topaz Energy royalty and energy infrastructure revenue streams are generated primarily from assets operated by natural gas producers with some of the lowest greenhouse gas emission intensity in the Canadian senior upstream sector, including Tourmaline, which has received awards for environmental sustainability and conservation efforts. Certain of these producers have set long-term emission reduction targets and continue to invest in technology to improve environmental sustainability.