Author: Newsfile

1317234 B.C. Ltd Announces Letter of Intent with Marviken Ontario Inc. for Reverse Takeover Transaction

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Calgary, Alberta–(Newsfile Corp. – July 21, 2025) –  1317234 B.C. Ltd. (the “Company“) is pleased to announce that it has entered into a non-binding letter of intent (the “LOI“) with Marviken Ontario Inc. (“Marviken“) which outlines the terms and conditions of a proposed business combination of Marviken and the Company by way of a three-cornered amalgamation, which will result in a reverse take-over of the Company by the shareholders of Marviken (the “ProposedTransaction“) pursuant to the policies of the TSX Venture Exchange (the “Exchange” or the “TSXV“). In connection with the Proposed Transaction, the Company will apply to list its common shares on the TSXV by way of a direct listing.

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Marviken owns 100% of the issued and outstanding shares of Marviken One AB (“Marviken SE“), a company incorporated under the laws of Sweden, that is the owner of a fourteen (14) acre site (the “Marviken SmartEnergy Cluster“) strategically located south of Stockholm, Sweden. The Marviken Smart Energy Cluster benefits from a long history of power production, existing operational battery facilities, and plans for significant expansion, including a data center and a 70 MW / 70 MWh battery energy storage system connecting via an on-site substation. Marviken is aiming to build services in the transformation of the Swedish energy landscape, driven by a significant need to address grid reliability.

The Proposed Transaction

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Under the terms of the LOI, it is anticipated that (i) prior to the consummation of the Proposed Transaction, the Company will implement a consolidation (the “Consolidation“) of all of the issued and outstanding shares of the Company (each a “Company Share“) based on a ratio to be determined immediately prior to the closing of the Proposed Transaction (the “Consolidation Ratio“), such that the existing holders of Company Shares (“Company Shareholders“) shall hold, in the aggregate, such number of common shares of the Resulting Issuer (the “Resulting Issuer Shares“) that when multiplied by the offering price of the Concurrent Financing (as defined herein) equals $750,000; and (ii) each outstanding security of Marviken shall be exchanged on a one for one basis (the “Exchange Ratio“) for an equivalent security of the Resulting Issuer.

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Upon completion of the Proposed Transaction, it is expected that: (i) Marviken will become a wholly-owned subsidiary of the Company or otherwise combining its corporate existence with that of the Company to form the resulting issuer (the “Resulting Issuer“); (ii) that the Resulting Issuer Shares will be listed as a Tier 1 industrial issuer on the TSXV; and (iii) the Company will carry on the business of Marviken under the name “Marviken Energy Inc” or such other name as determined by the board of directors of Marviken and as approved by the Exchange. The Proposed Transaction is subject to the parties successfully entering into a definitive agreement in respect of the Proposed Transaction on or before September 15, 2025.

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Completion of the Proposed Transaction will be subject to a number of conditions, including obtaining all necessary board, shareholder and regulatory approvals, including Exchange approval, as well as the completion of the Concurrent Financing.

Concurrent Financing

Marviken will endeavor to complete a private placement offering of subscription receipts for minimum gross proceeds of $20,000,000 (or such other amount as is necessary to satisfy TSXV listing requirements) (the “Concurrent Financing“). It is anticipated that net proceeds from the Concurrent Financing will be used to fund the business of Marviken.

Board of Directors

Upon the consummation of the Proposed Transaction, the board of directors of the Resulting Issuer shall consist of five directors, all of whom will be nominated by Marviken.

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About 1317234 B.C. Ltd.

The Company was incorporated in the province of British Columbia on July 27, 2021. The Company is a reporting issuer but does not trade on a stock exchange. The principal business of the Company is to identify and evaluate assets or businesses with a view to potentially acquire them or an interest therein by completing a purchase transaction, by exercising of an option or by any concomitant transaction.

For further information:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and specifically include statements regarding the Proposed Transaction and the related transactions described herein, satisfaction of the conditions precedent to closing of the Proposed Transaction; the completion of the Concurrent Financing and the use of proceeds therefrom; approval of regulatory bodies; the completion of the Consolidation; the parties ability to determine the appropriate Consolidation Ratio; listing of the Resulting Issuer Shares on the TSXV; and the Company’s business and strategic plans. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. The statements in this news release are made as of the date of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259496

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Obsidian Energy Announces Non-Binding Offer for Common Share Position in InPlay Oil Corp.

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Calgary, Alberta–(Newsfile Corp. – July 16, 2025) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy” or the “Company“) announced today that a third party has made a non-binding offer to Obsidian Energy to acquire the Company’s entire common share position in InPlay Oil Corp. (“InPlay“), consisting of 9,139,784 InPlay common shares (“InPlay Shares“) and representing approximately 32.7% of the issued and outstanding InPlay Shares, at a price per InPlay Share in excess of the closing price for such shares on the Toronto Stock Exchange as of July 15, 2025. The Company has entered into negotiations with the third party and InPlay in respect of the potential transaction outlined in the non-binding offer (the “Disposition Transaction“) and has agreed to engage exclusively with the third party in respect of the Disposition Transaction until August 1, 2025. As a result, at this time, Obsidian Energy will not launch its previously announced exchange offer to purchase up to approximately $10 million of its common shares from Obsidian Energy shareholders in the provinces and territories of Canada for consideration consisting of InPlay Shares.

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No definitive agreement regarding the Disposition Transaction has been reached, including with InPlay in respect of the Company’s existing restrictions on transfers of its InPlay Shares prior to October 7, 2025 to a third party, and there can be no assurance that the Disposition Transaction will ultimately result from the negotiations. If the Disposition Transaction does proceed, there can be no assurance of what the economic and other terms and conditions of such transaction might be.

Obsidian Energy does not intend to issue any further public updates regarding this matter until a definitive agreement has been reached or the exclusivity period has expired unless required by law or stock exchange rules.

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About Obsidian Energy

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.

Obsidian Energy is headquartered in Calgary and listed on the Toronto Stock Exchange and NYSE American (TSX: OBE) (NYSE American: OBE). To learn more, visit Obsidian Energy’s website.

All figures are in Canadian dollars unless otherwise stated.

Note Regarding Forward-Looking Statements

Certain statements contained in this document constitute forward-looking statements or information (collectively “forward-looking statements“) within the meaning of applicable Canadian and U.S. securities laws and the “safe harbour” provisions of applicable securities legislation. Forward-looking statements are typically identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “budget”, “may”, “will”, “project”, “could”, “plan”, “intend”, “should”, “believe”, “outlook”, “objective”, “aim”, “potential”, “target” and similar words suggesting future events or future performance. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: statements regarding the status of negotiations regarding the Disposition Transaction, including its terms and conditions, and whether it will be approved and agreed by Obsidian Energy, InPlay and the third party.

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With respect to forward-looking statements contained in this document, the Company has made assumptions regarding, among other things: the duration and impact of tariffs that are currently in effect on goods exported from or imported into Canada, and that other than the tariffs that are currently in effect, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, reenacts tariffs that are currently suspended, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; that regional and/or global health related events will not have any adverse impact on energy demand and commodity prices in the future; global energy policies going forward, including the continued ability and willingness of members of OPEC and other nations to agree on and adhere to production quotas from time to time; our ability to qualify for (or continue to qualify for) new or existing government programs, and obtain financial assistance therefrom, and the impact of those programs on our financial condition; our ability to execute our plans as described herein and in our other disclosure documents, and the impact that the successful execution of such plans will have on our Company and our stakeholders, including our ability to return capital to shareholders and/or further reduce debt levels; future capital expenditure and decommissioning expenditure levels; expectations and assumptions concerning applicable laws and regulations, including with respect to environmental, safety and tax matters; future operating costs and G&A costs and the impact of inflation thereon; future oil, natural gas liquids and natural gas prices and differentials between light, medium and heavy oil prices and Canadian, WTI and world oil and natural gas prices; future hedging activities; future oil, natural gas liquids and natural gas production levels; future exchange rates, interest rates and inflation rates; future debt levels; our ability to execute our capital programs as planned without significant adverse impacts from various factors beyond our control, including extreme weather events such as wild fires, flooding and drought, infrastructure access (including the potential for blockades or other activism) and delays in obtaining regulatory approvals and third party consents; the ability of the Company’s contractual counterparties to perform their contractual obligations; our ability to obtain equipment in a timely manner to carry out development activities and the costs thereof; our ability to market our oil and natural gas successfully to current and new customers; our ability to obtain financing on acceptable terms, including our ability (if necessary) to extend the revolving period and term out period of our credit facility, our ability to maintain the existing borrowing base under our credit facility, our ability (if necessary) to replace our syndicated bank facility and our ability (if necessary) to finance the repayment of our senior unsecured notes on maturity or pursuant to the terms of the underlying agreement; the accuracy of our estimated reserve volumes; and our ability to add production and reserves through our development and exploitation activities.

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Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the forward-looking statements contained herein will not be correct, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things: the risk that (i) the tariffs that are currently in effect on goods exported from or imported into Canada continue in effect for an extended period of time, the tariffs that have been threatened are implemented, that tariffs that are currently suspended are reactivated, the rate or scope of tariffs are increased, or new tariffs are imposed, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) the tariffs imposed or threatened to be imposed by the U.S. on other countries and retaliatory tariffs imposed or threatened to be imposed by other countries on the U.S., will trigger a broader global trade war which could have a material adverse effect on the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Company, including by decreasing demand for (and the price of) oil and natural gas, disrupting supply chains, increasing costs, causing volatility in global financial markets, and limiting access to financing; the possibility that we change our budgets (including our capital expenditure budgets) in response to internal and external factors, including those described herein; the possibility that the Company will not be able to continue to successfully execute our business plans and strategies in part or in full, and the possibility that some or all of the benefits that the Company anticipates will accrue to our Company and our stakeholders as a result of the successful execution of such plans and strategies do not materialize (such as our inability to return capital to shareholders and/or reduce debt levels to the extent anticipated or at all); the possibility that the Company ceases to qualify for, or does not qualify for, one or more existing or new government assistance programs, that the impact of such programs falls below our expectations, that the benefits under one or more of such programs is decreased, or that one or more of such programs is discontinued; the impact on energy demand and commodity prices of regional and/or global health related events and the responses of governments and the public thereto, including the risk that the amount of energy demand destruction and/or the length of the decreased demand exceeds our expectations; the risk that there is another significant decrease in the valuation of oil and natural gas companies and their securities and in confidence in the oil and natural gas industry generally, whether caused by regional and/or global health related events, the worldwide transition towards less reliance on fossil fuels and/or other factors; the risk that the financial capacity of the Company’s contractual counterparties is adversely affected and potentially their ability to perform their contractual obligations; the possibility that the revolving period and/or term out period of our credit facility and the maturity date of our senior unsecured notes is not extended (if necessary), that the borrowing base under our credit facility is reduced, that the Company is unable to renew or refinance our credit facilities on acceptable terms or at all and/or finance the repayment of our senior unsecured notes when they mature on acceptable terms or at all and/or obtain new debt and/or equity financing to replace our credit facilities and/or senior unsecured notes or to fund other activities; the possibility that we are unable to complete one or more repurchase offers pursuant to our senior unsecured notes when otherwise required to do so; the possibility that we are forced to shut-in production, whether due to commodity prices decreasing, extreme weather events such as wild fires, inability to access our properties due to blockades or other activism, or other factors; the risk that OPEC and other nations fail to agree on and/or adhere to production quotas from time to time that are sufficient to balance supply and demand fundamentals for oil; general economic and political conditions in Canada, the U.S. and globally, and in particular, the effect that those conditions have on commodity prices and our access to capital; industry conditions, including fluctuations in the price of oil, natural gas liquids and natural gas, price differentials for oil and natural gas produced in Canada as compared to other markets, and transportation restrictions, including pipeline and railway capacity constraints; fluctuations in foreign exchange, including the impact of the Canadian/U.S. dollar exchange rate on our revenues and expenses; fluctuations in interest rates, including the effects of interest rates on our borrowing costs and on economic activity, and including the risk that elevated interest rates cause or contribute to the onset of a recession; the risk that our costs increase due to inflation, supply chain disruptions, scarcity of labour and/or other factors, adversely affecting our profitability; unanticipated operating events or environmental events that can reduce production or cause production to be shut-in or delayed (including extreme cold during winter months, wild fires, flooding and droughts (which could limit our access to the water we require for our operations)); the risk that wars and other armed conflicts adversely affect world economies and the demand for oil and natural gas, including the ongoing war between Russian and Ukraine and/or hostilities in the Middle East; the possibility that fuel conservation measures, alternative fuel requirements, increasing consumer demand for alternatives to hydrocarbons, government mandates requiring the sale of electric vehicles and/or electrification of the power grid, and technological advances in fuel economy and renewable energy generation systems could permanently reduce the demand for oil and natural gas and/or permanently impair the Company’s ability to obtain financing and/or insurance on acceptable terms or at all, and the possibility that some or all of these risks are heightened as a result of the response of governments, financial institutions and consumers to a regional and/or global health related event and/or the influence of public opinion and/or special interest groups.

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Additional information on these and other factors that could affect Obsidian Energy, or its operations or financial results, are included in the Company’s Annual Information Form (see ‘Risk Factors’ and ‘Forward-Looking Statements’ therein) which may be accessed through the SEDAR+ website (www.sedarplus.ca), EDGAR website (www.sec.gov) or Obsidian Energy’s website. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Unless otherwise specified, the forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Obsidian Energy shares are listed on both the Toronto Stock Exchange in Canada and the NYSE American in the United States under the symbol “OBE”.

All figures are in Canadian dollars unless otherwise stated.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258951

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Operational Update

AB HZ4 and AB HZ5 now on production

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Calgary, Alberta–(Newsfile Corp. – July 15, 2025) – Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) (“Arrow” or the “Company“), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on recent operational activity on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest.

Highlights

– Current production between 4,600 and 4,800 boe/d net to Arrow.

– 2 horizontal wells and 2 vertical wells drilled in Q2 and Q3 to date.

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  • AB HZ5 brought on production on July 2, 2025, and currently producing 1,790 BOPD gross (895 BOPD net).
  • AB HZ4 brought on production on June 11, 2025, and currently producing 880 BOPD gross (440 BOPD net).
  • RCE9 vertical well brought on production on June 23, 2025, and currently producing 201 BOPD gross (100.5 BOPD net).
  • CN11 vertical well brought on production on April 17, 2025, and currently producing 143 BOPD gross (72.5 BOPD net).

– Strong balance sheet, no debt or drilling commitments. Arrow has flexibility in its work program and is actively exploring potential acquisition opportunities.

Production

Total corporate production is currently between 4,600 and 4,800 boe/d net. Arrow’s base production has flattened out and is experiencing shallower declines, as expected.

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Additional production is expected to be added during the second half of the year as Arrow focuses on an accelerated drilling program. In light of the recent movements in oil prices and current market volatility, Arrow has the ability to balance drilling infill and development wells with low-risk exploration activity which has the potential to increase Arrow’s reserve base and build up drilling inventory.

Cash Balance

On July 1, 2025, the Company had a cash balance of US$13.5 million and held no debt. Further, the Company has no long-term rig contracts or obligations to drill wells. The Company has been able to carry out an accelerated drilling program while maintaining a healthy balance sheet.

The combination of cash on the balance sheet and robust operating cashflow continues to be a key corporate strength in this volatile market.

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Drilling Operations – Tapir Block

Carrizales Norte field

On the Carrizales Norte field, the Company has recently drilled one vertical production well from the CN pad.

The Carrizales Norte 11 (CN 11) well was spud on April 2, 2025, and reached target depth on April 8, 2025. CN 11 targeted the C7 zone at Carrizales Norte field. The well was drilled to a total measured depth of 8371 MD feet (7798 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals.

On April 17, 2025, Arrow put the CN 11 well on production in the C7 formation which has approximately 11 feet (true vertical depth) of oil charged sandstone. The well encountered an initial high water cut of 73%. CN 11 is producing at a stabilized rate of 143 BOPD gross (72.5 BOPD net) with a water cut of 88%.

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Alberta Llanos field

At the Alberta Llanos field, the Company has recently drilled two horizontal production wells from the Alberta, Llanos pad, both on time and within budget. Arrow’s experience drilling horizontal wells in the area is resulting in improved efficiency in the field.

The Alberta Llanos HZ4 (AB HZ4) horizontal well was spud on May 11, 2025, and reached target depth on June 5, 2025. AB HZ4 targeted the Ubaque zone at the Alberta, Llanos field. The well was drilled to a total measured depth of 13687 MD feet (8558 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals. The well was completed with Inflow Control Devices (ICDs).

On June 11, 2025, Arrow put the AB HZ4 well on production in the Ubaque formation which has approximately 2837 feet (measured depth) of oil charged sandstone. AB HZ4 is producing at a stabilized rate of 880 BOPD gross (440 BOPD net) with a water cut of 19%.

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The Alberta Llanos HZ5 (AB HZ5) horizontal well was spud on June 12, 2025, and reached target depth on June 23, 2025. AB HZ5 targeted the Ubaque zone at the Alberta, Llanos field. The well was drilled to a total measured depth of 12188 MD feet (8556 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals. The well was completed with ICDs.

On July 2, 2025, Arrow put the AB HZ5 well on production in the Ubaque formation which has approximately 1813 feet (measured depth) of oil charged sandstone. AB HZ5 is producing at a stabilized rate of 1790 BOPD gross (895 BOPD net) with a water cut of 3%.

RCE Field

On the Rio Cravo Este (RCE) field, the Company has recently drilled one vertical production well from the RCE pad.

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The Rio Cravo Este 9 (RCE 9) well was spud on June 6, 2025, and reached target depth on June 14, 2025. RCE 9 targeted the C7 zone at Carrizales Norte field. The well was drilled to a total measured depth of 8940 MD feet (8305 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals.

On June 23, 2025, Arrow put the RCE 9 well on production in the C7 formation which has approximately 20 feet (true vertical depth) of oil charged sandstone. The well encountered an initial high water cut of 95%. RCE 9 is producing at a stabilized rate of 201 BOPD gross (100.5 BOPD net) with a water cut of 88%.

Drilling Schedule

Currently Arrow has two drilling rigs working in the field.

The rig at Alberta Llanos is being disassembled and moved to the Carrizales Norte pad where the Company plans to drill two horizontal wells into the Ubaque formation.

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The rig at Rio Cravo Este is currently drilling a short horizontal well into the Ubaque formation. This will be the first horizontal well targeting the Ubaque at RCE.

Arrow is continuously reviewing the original Board-approved $50MM budget and drilling schedule. Arrow does not have any contractual commitments to employ additional rigs or to drill additional wells.

Arrow’s strong balance sheet allows the Company to remain flexible in a volatile oil price environment and the Company will make further announcements should modifications to its capital program be determined.

The Company is still considering the timing of any share buyback, with a decision to follow further progress in the 2025 drilling campaign.

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East Tapir 3-D Seismic Program

The initial processing and interpretation of the East Tapir 3-D program has been accomplished. The East Tapir 3-D survey covers a further 100 sq. km where existing leads on the 2-D dataset have been defined as prospects. The Icaco and Macoya prospects are further supported by the new 3-D program and Arrow is focused on testing the Icaco prospect in late 2025 or early 2026.

Marshall Abbott, CEO of Arrow commented:

“The AB HZ5 and AB HZ4 horizontal wells have been successfully developed at the Alberta Llanos field, with rates and pressures higher than originally forecast. Both wells are highly accretive with payback expected in the first six months at current oil prices. The success of these two horizontal wells proves the Ubaque concept at Alberta Llanos and has resulted in further development wells being planned.”

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“The East Tapir 3-D seismic program has resulted in a number of new prospects including Icaco and Macoya. These two prospects appear to be stacked reservoirs similar to those found at the RCE and Carriazales Norte fields. Management is encouraged by technical work done to refine these prospects and has started the surface land acquisition process to test these prospects in the near future.”

“Arrow continues to review and develop its drilling schedule for the 2025 and 2026 programs. Market conditions are continuously reviewed to show development options that will allow the company to grow production and remain financially strong.”

“We appreciate the support of our longstanding shareholder base as well as the dedication of our talented staff.”

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About Arrow Exploration Corp.

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. By way of a private commercial contract with the recognized interest holder before Ecopetrol S.A., Arrow is entitled to receive 50% of the production from the Tapir block. The formal assignment to the Company is subject to Ecopetrol’s consent. Arrow’s seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol “AXL”.

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Forward-looking Statements

This news release contains certain statements or disclosures relating to Arrow that are based on the expectations of its management as well as assumptions made by and information currently available to Arrow which may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Arrow anticipates or expects may, could or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words “continue”, “expect”, “opportunity”, “plan”, “potential” and “will” and similar expressions. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of Arrow, including without limitation, Arrow’s evaluation of the impacts of COVID-19, the potential of Arrow’s Colombian and/or Canadian assets (or any of them individually), the prices of oil and/or natural gas, and Arrow’s business plan to expand oil and gas production and achieve attractive potential operating margins. Arrow believes the expectations and assumptions reflected in the forward-looking statements are reasonable at this time, but no assurance can be given that these factors, expectations, and assumptions will prove to be correct.

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The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Glossary

API:  A specific gravity scale developed by the American Petroleum Institute (API) for measuring the relative density of various petroleum liquids, expressed in degrees. 
BOPD:  barrels of oil per day 
boe/d: barrels of oil equivalent per day
MD:  Measured Depth 

Qualified Person’s Statement

The technical information contained in this announcement has been reviewed and approved by Grant Carnie, senior non-executive director of Arrow Exploration Corp. Mr. Carnie was formerly a member of the Canadian Society of Petroleum Geologists, holds a B.Sc. in Geology from the University of Alberta and has over 35 years’ experience in the oil and gas industry.

This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR“).

NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258781

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TMX Group Equity Financing Statistics – June 2025

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Toronto Stock Exchange, TSX Venture Exchange

Toronto, Ontario–(Newsfile Corp. – July 9, 2025) – TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for June 2025.

TSX welcomed 25 new issuers in June 2025, compared with 25 in the previous month and 12 in June 2024. The new listings were 25 exchange traded funds. Total financings raised in June 2025 increased 326% compared to the previous month, and were up 6% compared to June 2024. The total number of financings in June 2025 was 55, compared with 41 the previous month and 56 in June 2024.

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For additional data relating to the number of transactions billed for TSX, please click on the following link: https://www.tmx.com/resource/en/440.

There were five new issuers on TSXV in June 2025, compared with seven in the previous month and five in June 2024. The new listings were two mining companies, one oil & gas company, one financial services company and one Capital Pool Company. Total financings raised in June 2025 increased 80% compared to the previous month, and were up 87% compared to June 2024. There were 100 financings in June 2025, compared with 83 in the previous month and 94 in June 2024.

TMX Group consolidated trading statistics for June 2025 can be viewed at www.tmx.com.

Toronto Stock Exchange

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June 2025 May 2025 June 2024
Issuers Listed 1,921 1,901 1,808
New Issuers Listed 25 25 12
IPOs 25 24 12
Graduates from TSXV 0 0 0
Issues Listed 2,570 2,549 2,469
IPO Financings Raised $73,807,675 $110,235,050 $168,156,016
Secondary Financings Raised $1,355,391,635 $693,175,298 $2,587,512,865
Supplemental Financings Raised $2,341,154,318 $81,923,725 $811,308,400
Total Financings Raised $3,770,353,628 $885,334,073 $3,566,977,281
Total Number of Financings 55 41 56
Market Cap Listed Issues $5,452,815,171,744 $5,308,651,801,156 $4,387,880,547,804

Year-to-date Statistics

2025 2024 % change
New Issuers Listed 140 76 +84.2
IPOs 123 70 +75.7
Graduates from TSXV 4 5 -20.0
IPO Financings Raised $602,762,176 $389,295,852 +54.8
Secondary Financings Raised $4,453,774,173 $8,831,667,771 -49.6
Supplemental Financings Raised $3,431,723,683 $991,424,800 +246.1
Total Financings Raised $8,488,260,032 $10,212,388,423 -16.9
Total Number of Financings 279 232 +20.3
Market Cap Listed Issues $5,452,815,171,744 $4,387,880,547,804 +24.3

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TSX Venture Exchange**

June 2025 May 2025 June 2024
Issuers Listed 1,803 1,808 1,893
New Issuers Listed 5 7 5
IPOs 2 1 1
Graduates to TSX 0 0 0
Issues Listed 1,871 1,874 1,967
IPO Financings Raised $11,700,115 $1,017,070 $308,500
Secondary Financings Raised (1) $269,197,607 $18,101,993 $34,323,158
Supplemental Financings Raised $447,642,173 $385,434,193 $354,811,530
Total Financings Raised $728,539,895 $404,553,256 $389,443,188
Total Number of Financings 100 83 94
Market Cap Listed Issues $105,571,504,780 $101,471,291,422 $78,565,573,363

Year-to-date Statistics

2025 2024 % Change
New Issuers Listed 22 26 -15.4
IPOs 5 9 -44.4
Graduates to TSX 4 5 -20.0
IPO Financings Raised $13,234,685 $2,954,000 +348.0
Secondary Financings Raised (1) $642,000,265 $344,635,903 +86.3
Supplemental Financings Raised $2,656,890,106 $1,645,138,568 +61.5
Total Financings Raised $3,312,125,056 $1,992,728,471 +66.2
Total Number of Financings 568 572 -0.7
Market Cap Listed Issues $105,571,504,780 $78,565,573,363 +34.4

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**Includes NEX (not applicable to New Issuers Listed, IPOs and IPO Financings Raised)

(1) Secondary financings include prospectus offerings on both a treasury and secondary basis

The information contained in this media release is provided for informational purposes only and is not intended to provide investment, trading, financial or other advice. Comparative data has been updated to reflect known corrections.

TMX Group welcomes the following companies that listed during June 2025:

Toronto Stock Exchange

Issuer Name Company Symbol
3iQ XRP ETF XRPQ
BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF SQQQ
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF TQQQ
BetaPro -3x S&P 500 Daily Leveraged Bear Alternative ETF SSPX
BetaPro 3x S&P 500 Daily Leveraged Bull Alternative ETF TSPX
Desjardins Quebec Equity ETF DMQC
Evolve XRP ETF XRP
Franklin Canadian Core Equity Fund FCRC
Franklin International Core Equity Fund FCRI
Franklin U.S. Core Equity Fund FCRU
Harvest Apple Enhanced High Income Shares ETF APLE
iShares Core Canadian Short-Mid Term Universe Bond Index ETF XSMB
iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) XTOH
iShares Core S&P Total U.S. Stock Market Index ETF XTOT
JPMorgan US Core Active ETF JCOR
NBI Target 2026 Investment Grade Bond Fund NTGA
NBI Target 2027 Investment Grade Bond Fund NTGB
NBI Target 2028 Investment Grade Bond Fund NTGC
Purpose XRP ETF XRPP
SavvyLong (2X) AAPL ETF AAPU
SavvyLong (2X) AMZN ETF AMZU
SavvyLong (2X) GOOGL ETF ALPU
SavvyLong (2X) MSFT ETF MSFU
SavvyLong (2X) NVDA ETF NVDU
SavvyLong (2X) TSLA ETF TSLU

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TSX Venture Exchange

Issuer Name Company Symbol
Adagio 2 Capital Inc. ADAD.P
Atlas Energy Corp. ATLE
AXO Copper Corp. AXO
Bitcoin Treasury Corporation BTCT
Finex Metals Ltd. FINX

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258282

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Arrow Announces the Resignation of Director Anthony Zaidi

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Calgary, Alberta–(Newsfile Corp. – July 9, 2025) – Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) (“Arrow” or the “Company“), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces the resignation, effective immediately, of Anthony Zaidi from the Board of Directors of Arrow, to pursue other opportunities.

Anthony had been a Director of Arrow since December, 2020 and has been essential to the growth and success that the Company has experienced since that time. Arrow wishes Mr. Zaidi the best in his future endeavors.

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Marshall Abbott, CEO of Arrow Exploration Corp., commented:
“Mr. Zaidi has been a valued member of the Arrow team, and we wish him every success in his future pursuits. We would like to thank Anthony for all his professionalism and the strong relationships that he built with Arrow employees. Anthony has made great efforts to transform Arrow from a start-up organization into an established international explorer, developer and producer and we will always be grateful for his contributions.”

For further Information, contact:
Arrow Exploration

Marshall Abbott, CEO +1 403 651 5995
Joe McFarlane, CFO +1 403 818 1033
   
Canaccord Genuity (Nominated Advisor and Joint Broker)
Henry Fitzgerald-O’Connor
James Asensio
George Grainger
+44 (0)20 7523 8000
   
Auctus Advisors (Joint Broker)
Jonathan Wright +44 (0)7711 627449
Rupert Holdsworth Hunt
   
Camarco (Financial PR)
Owen Roberts +44 (0)20 3781 8331
Rebecca Waterworth

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About Arrow Exploration Corp.

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Arrow’s 50% interest in the Tapir Block is contingent on the assignment by Ecopetrol SA of such interest to Arrow. Arrow’s seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol “AXL”.

NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258155

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TMX Group Consolidated Trading Statistics – June 2025

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Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, Alpha-X & Alpha DRK and Montréal Exchange

Toronto, Ontario–(Newsfile Corp. – July 4, 2025) – TMX Group Limited today announced June 2025 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), including Alpha-X & Alpha DRK, and Montréal Exchange (MX).

All TMX Equities Marketplaces *

June 2025 May 2025 June 2024
Volume 13,247,743,267 11,998,474,004 10,341,370,153
Value $318,003,232,776 $301,837,044,746 $263,967,525,088
Transactions 22,648,519 23,594,803 19,321,346
Daily Averages
Volume 630.8 million 571.4 million 517.1 million
Value $15,143.0 million $14,373.2 million $13,198.4 million
Transactions 1,078,501 1,123,562 966,067

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Year-to-date Statistics

2025 2024 % Change
Volume 75,958,025,444 65,435,178,820 +16.1
Value $1,911,414,855,184 $1,475,768,912,523 +29.5
Transactions 150,732,318 123,502,440 +22.0
Daily Averages
Volume 607.7 million 519.3 million +17.0
Value $15,291.3 million $11,712.5 million +30.6
Transactions 1,205,859 980,178 +23.0

Toronto Stock Exchange

June 2025 May 2025 June 2024
Volume 8,668,954,854 8,160,147,119 7,191,796,447
Value $301,250,844,150 $283,149,928,864 $248,122,020,358
Transactions 20,059,102 21,024,337 17,124,399
S&P/TSX Composite Index Close ^ 26,857.11 26,175.05 21,875.79
Daily Averages
Volume 412.8 million 388.6 million 359.6 million
Value $14,345.3 million $13,483.3 million $12,406.1 million
Transactions 955,195 1,001,159 856,220

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Year-to-date Statistics

2025 2024 % Change
Volume 50,338,350,504 42,849,294,056 +17.5
Value $1,773,305,500,798 $1,378,578,661,226 +28.6
Transactions 132,850,287 109,094,789 +21.8
Daily Averages
Volume 402.7 million 340.1 million +18.4
Value $14,186.4 million $10,941.1 million +29.7
Transactions 1,062,802 865,832 +22.7

TSX Venture Exchange*

June 2025 May 2025 June 2024
Volume 3,502,964,477 2,820,818,862 2,322,932,501
Value $1,993,560,951 $1,541,178,178 $956,829,536
Transactions 967,728 761,917 567,024
S&P/TSX Venture Composite Index Close ^ 733.37 694.40 569.82
Daily Averages
Volume 166.8 million 134.3 million 116.1 million
Value $94.9 million $73.4 million $47.8 million
Transactions 46,082 36,282 28,351

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Year-to-date Statistics

2025 2024 % Change
Volume 18,212,357,675 16,508,874,625 +10.3
Value $9,492,085,084 $6,708,539,339 +41.5
Transactions 4,866,824 3,994,259 +21.8
Daily Averages
Volume 145.7 million 131.0 million +11.2
Value $75.9 million $53.2 million +42.6
Transactions 38,935 31,700 +22.8

TSX Alpha Exchange

June 2025 May 2025 June 2024
Volume 1,044,536,784 994,093,615 812,907,300
Value $14,091,708,479 $16,631,931,364 $14,465,738,436
Transactions 1,533,468 1,750,106 1,589,790
Daily Averages
Volume 49.7 million 47.3 million 40.6 million
Value $671.0 million $792.0 million $723.3 million
Transactions 73,022 83,338 79,490

Year-to-date Statistics

2025 2024 % Change
Volume 7,244,830,123 6,035,382,130 +20.0
Value $124,946,335,064 $89,127,395,177 +40.2
Transactions 12,604,652 10,259,743 +22.9
Daily Averages
Volume 58.0 million 47.9 million +21.0
Value $999.6 million $707.4 million +41.3
Transactions 100,837 81,427 +23.8

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Alpha-X and Alpha DRK

June 2025 May 2025 June 2024
Volume 31,287,152 23,414,408 13,733,905
Value $667,119,196 $514,006,340 $422,936,758
Transactions 88,221 58,443 40,133
Daily Averages
Volume 1.5 million 1.1 million 0.7 million
Value $31.8 million $24.5 million $21.1 million
Transactions 4,201 2,783 2,007

Year-to-date Statistics

2025 2024 % Change
Volume 162,487,142 41,628,009 +290.3
Value $3,670,934,238 $1,354,316,781 +171.1
Transactions 410,555 153,649 +167.2
Daily Averages
Volume 1.3 million 0.3 million +293.5
Value $29.4 million $10.7 million +173.2
Transactions 3,284 1,219 +169.3

Montreal Exchange

June 2025 May 2025 June 2024
Derivatives Volume (Contracts) 17,290,612 19,212,748 15,395,390
Open Interest (Contracts) 27,549,664 28,241,797 17,231,723

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Year-to-date Statistics

2025 2024 % Change
Volume (Contracts) 118,628,042 92,467,094 +28.3
Open Interest (Contracts) 27,549,664 17,231,723 +59.9

*Includes NEX

The information contained in this media release is provided for informational purposes only and is not intended to provide investment, trading, financial or other advice. All figures are as of June 30, 2025. Because certain trades do not settle on the trade date, figures may be subject to change until all June trades are finalized. Comparative data has been updated to reflect known trade corrections.

^The S&P/TSX Indices are products of S&P Dow Jones Indices LLC (“SPDJI”) and TSX Inc. (“TSX”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and TSX do not sponsor, endorse, sell or promote any products based on the Indices and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the Indices or any data related thereto.

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About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257833

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Thunder Gold Announces Closing of CDN$1.6 Million Non-Brokered Private Placement of Flow-Through & Non-Flow-Through Units

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Thunder Bay, Ontario–(Newsfile Corp. – June 30, 2025) – Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) (“Thunder Gold” or the “Company”) is pleased to announce it has closed on its financing, which was both upsized and over-subscribed. The non-brokered private placement consisted of flow-through units and non-flow-through units. The Company increased the initial offering of CDN$1,000,000 to gross proceeds of CDN$1,600,000 (the “Private Placement”) to accommodate the demand.

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Wes Hanson, President and CEO, stated, “We are very pleased with the support we received on this financing. Proceeds from the financing shall be used to expand the 2024 soil geochemistry grid along the interpreted trace of the northeast trending Thunder Lake Fault. Surface mapping has identified Timiskaming conglomerates, with elevated gold values, coincident with the fault but surface work to date is limited. We shall also complete infill soil geochemistry on prioritized gold-in-soil anomalies identified in 2024 to better define potential drill targets. The planned infill soil geochemistry includes the strong, multi-sample anomaly 500 metres southeast of the P-Target, along the interpreted plunge direction of the high-grade results identified at surface. Surface prospecting, outcrop stripping and channel sampling shall evaluate the most favourable soil geochemical anomalies in advance of a 2,000 to 3,000 metre Phase 3 drill program scheduled for mid to late September.”

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Pursuant to the Private Placement, the Company issued 12,857,143 flow-through units (“FT Units”) at a price of CDN$0.07 per FT Unit, with each FT Unit consisting of one common share and one-half of one warrant, each of which qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada), and 11,666,667 hard dollar units (“non-FT Units”) at a price of CDN$0.06 per non-FT Unit, with each non-FT Unit consisting of one common share and one full warrant, for aggregate gross proceeds of CDN$1,600,000.00. Each warrant issued under the Private Placement are exercisable to acquire one common share at a price of CDN$0.10 per share for a period of 18 months from the date of issuance, subject to an accelerated expiry date at the option of the Company in the event the twenty (20) day volume-weighted average price of the common shares of the Company on the TSXV for any twenty (20) consecutive trading days is CDN$0.20 or more.

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In connection with the closing of the Private Placement, the Company paid finder’s fees of approximately $91,750 and issued an aggregate of 1,410,727 finder warrants (the “Finder Warrants”) to eligible finders. Each Finder Warrant entitles the holder to purchase one non-FT Unit at a price of $0.06 for a period of 18 months from the completion of the Private Placement. PowerOne Capital Markets Limited and Integrity Capital Group acted as finders in connection with a portion of the Private Placement and Wildeboer Dellelce LLP acted as legal counsel to the Company.

The Private Placement included subscriptions by insiders of the Company to purchase an aggregate of 961,687 FT Units, which constitutes a “related party transaction” as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Private Placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101). All securities issued pursuant to the Private Placement will be subject to a four (4) month plus a day hold period from the date of issuance in accordance with applicable securities legislation and policies of the TSXV.

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The securities issued pursuant to the Private Placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person

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Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by NI 43-101.

About the Tower Mountain Gold Property

The 100%-owned Tower Mountain Gold Property is located adjacent to the Trans-Canada highway, approximately 50-km west of Thunder Bay, Ontario. The 2,500-hectare property surrounds the largest, exposed, intrusive complex in the eastern Shebandowan Greenstone Belt where most known gold occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive center. Drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a 1,500-metre strike length, to depths of over 500 metres from surface. The remaining 75% of the perimeter surrounding the intrusion shows identical geology, alteration, and geophysical response, offering a compelling exploration opportunity.

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About Thunder Gold Corp.

Thunder Gold Corporation, formerly White Metal Resources. is a junior exploration company focused on gold discovery in Canada. For more information about the Company please visit:

www.thundergoldcorp.com

On behalf of the Board of Directors,

Wes Hanson, P.Geo., President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Units and timing thereof; the tax treatment of the FT Units and the Company’s plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

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Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management’s estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company’s expectations or projections.

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Featured Local Savings

Baytex Announces Extension to Bank Credit Facilities

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Calgary, Alberta–(Newsfile Corp. – June 27, 2025) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE)  (“Baytex” or the “company”) is pleased to announce that it has received strong support from its lending syndicate to extend its bank credit facilities.

The US$1.1 billion revolving credit facilities have been extended by one year, from May 2028 to June 2029. The revolving credit facilities are not borrowing base facilities and do not require annual or semi-annual reviews.

Baytex Energy Corp

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Baytex Energy Corp. is an energy company based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex’s common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257099

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Baytex Announces Renewal of Normal Course Issuer Bid

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Calgary, Alberta–(Newsfile Corp. – June 24, 2025) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “company”) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted the company’s notice of intention to renew its normal course issuer bid (“NCIB”). The renewed NCIB allows Baytex to purchase up to 66,244,464 common shares during the 12-month period commencing July 2, 2025 and ending July 1, 2026 or such earlier time as the NCIB is completed or terminated at the option of Baytex.

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Baytex’s shareholder return framework has historically included a combination of share repurchases and quarterly dividend payments. Renewing the NCIB provides Baytex with the flexibility to continue its’ common share repurchases, which are an efficient means to return capital and improve per share metrics.

The number of shares authorized for purchase represents 10% of Baytex’s public float, as defined by the TSX, as of June 18, 2025. On June 18, 2025 Baytex had 768,317,006 common shares outstanding. Purchases will be made on the open market through the facilities of the TSX, the New York Stock Exchange (“NYSE”) and/or alternative trading platforms in Canada and the United States at market prices prevailing at the time of acquisition, as well as by other means permitted by stock exchange rules and securities laws including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

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Baytex has applied for an exemption order from the Canadian securities regulators to permit the company to purchase up to 10% of the “public float” (within the meaning of the rules of the TSX) of its common shares through the NYSE and other U.S.-based trading systems (together with the New York Stock Exchange, “U.S. Markets”). Absent this exemptive relief, Baytex’s purchases under the NCIB on U.S. Markets would be limited to not more than 5% of its outstanding common shares over the applicable twelve-month period. Baytex will issue a further press release if such exemptive relief is granted.

BMO Nesbitt Burns Inc. (“BMO”) has agreed to act as the company’s designated broker to make purchases of common shares pursuant to the NCIB. Baytex has also entered into an automatic share purchase plan/Rule 10b5-1 trading plan (“ASPP”) with BMO allowing it to purchase common shares under the NCIB when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, Baytex may provide instructions to BMO prior to a blackout period, which may not be varied or suspended during the blackout period. Purchases by Baytex’s designated broker will be in accordance with stock exchange rules, applicable securities laws and the terms of the ASPP. All purchases made under the ASPP are included in computing the number of common shares purchased under the NCIB. The ASPP has been pre-cleared, as required by the TSX. Outside of these blackout periods, common shares may be purchased under the NCIB in accordance with management’s discretion.

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The actual number of common shares that may be purchased under the NCIB and the timing of any such purchases will be determined by Baytex. The average daily trading volume through the facilities of the TSX during the most recently completed six-month period was 5,039,715 common shares. Consequently, daily purchases through the facilities of the TSX will be limited to 1,259,928 common shares, which is equal to 25% of the average daily trading volume, other than block purchase exceptions. All common shares acquired by Baytex under the NCIB will be cancelled.

Under its prior NCIB, the company sought and obtained approval to purchase up to 70,112,570 common shares, which runs from July 2, 2024 to July 1, 2025. As at June 18, 2025, the company repurchased an aggregate of 36,478,208 common shares under its prior NCIB at a weighted-average price of CAD $4.1304 per common share, excluding brokerage fees. The company purchased all common shares through the facilities of the TSX, the NYSE and alternative trading platforms in Canada and the United States.

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Advisory Regarding Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking information in this news release is identified by words such as “intention” or “will” or similar expressions and includes suggestions of future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement.Specifically, this press release contains forward-looking statements relating to but not limited to: acquiring and cancelling Baytex common shares under the NCIB, the number of common shares to be purchased under the NCIB, the composition of Baytex’s shareholder return framework and the anticipated advantages to shareholders of the NCIB. Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Baytex and others that apply to the industry generally. These risks relating to Baytex include, but are not limited to, that Baytex will not be able to achieve the anticipated benefits of the NCIB and may not purchase the maximum number of common shares or any common shares under the NCIB.Readers are cautioned that other events or circumstances, although not listed above, could cause Baytex’s actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements. Please refer to the annual information form for the year ended December 31, 2024 and the management’s discussion and analysis for the three months ended March 31, 2025 (the “MD&A”) for additional risk factors relating to Baytex. These documents can be accessed on the Baytex website at www.baytexenergy.com, on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at sec.gov.The forward-looking statements contained in this press release are made as of the date hereof and the company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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Baytex Energy Corp

Baytex Energy Corp. is an energy company based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex’s common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256629

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Olympia Financial Group Inc. Announces Director Election Results from its 2025 Annual Meeting of Shareholders

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Calgary, Alberta–(Newsfile Corp. – June 19, 2025) – Olympia Financial Group Inc. (TSX: OLY) (“Olympia“) announces that at its annual meeting of shareholders, held on June 18, 2025, the following seven (7) director nominees were elected:

NOMINEE VOTES FOR   VOTES WITHHELD   
Number Percent Number Percent
Richard Skauge 690,056 99.374% 4,349 0.626%
Craig Skauge 690,153 99.388% 4,252 0.612%
Gerard Janssen 688,269 99.116% 6,136 0.884%
Brian Newman 688,269 99.116% 6,136 0.884%
Antony Balasubramanian 685,762 98.755% 8,643 1.245%
Anthony Lanzl 690,962 99.504% 3,443 0.496%
Paul Kelly 663,689 95.577% 30,716 4.423%

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In addition, the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of Olympia was approved.

VOTES FOR  VOTES WITHHELD
 Number  Percent   Number  Percent 
697,465 99.955% 315 0.045%

About Olympia Financial Group Inc.

Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. Olympia also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc., and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc.

Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

For further information, please contact:

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256156

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