Mr. Marty Staples reports

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

Topaz Energy Corp.'s shareholders approved all resolutions at the annual meeting of shareholders of the company held on May 8, 2026. 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 votes for their election as detailed in the attached table.

The resolution to appoint KPMG LLP as the company's auditor was approved, with 107,943,402 (99.968 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 97,941,394 (91.248 per cent) of the shares represented at the meeting voting in favour of the resolution.

About Topaz Energy Corp.

Topaz is a unique royalty and infrastructure energy company focused on generating 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 E&P (exploration and production) company, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies. Topaz focuses on top-quartile energy resources and assets best positioned to attract capital in order to generate sustainable long-term growth and profitability.

Topaz's common shares are listed and posted for trading on the Toronto Stock Exchange under the trading symbol TPZ and the company is included in the S&P/TSX Composite Index. This is the headline index for Canada and is the principal benchmark measure for the Canadian equity markets, represented by the largest companies on the TSX.