Mr. Andrew Phillips reports

PRAIRIESKY ANNOUNCES AMENDMENT AND EXTENSION OF CREDIT FACILITY

PrairieSky Royalty Ltd. has amended and extended its unsecured, covenant-based revolving credit facility and operating credit facility with a syndicate of Canadian banks.

PrairieSky has voluntarily decreased the credit facility from $725-million to $350-million. The reduced credit facility is aligned with PrairieSky's long-term strategy of maintaining a strong balance sheet. The credit facility provides for a permitted increase up to $600-million, subject to lender consent. The sustainability-linked performance and pricing mechanisms under the credit facility have been removed while all other covenants under the amended credit facility are unchanged. The credit facility matures on Feb. 28, 2028.

PrairieSky had $102.5-million drawn under its credit facility at Sept. 30, 2024.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most concentrated independently owned fee simple mineral title position in Canada. PrairieSky's common shares trade on the Toronto Stock Exchange under the symbol PSK.

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