Mr. Brian Schmidt reports

TAMARACK VALLEY ENERGY LTD. REPORTS VOTING RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

All resolutions presented for approval at the annual general meeting of shareholders (the "Meeting"), held on May 6, 2026, were duly passed. 309,307,796 common shares, representing 63.89 per cent of Tamarack's 484,124,004 issued and outstanding common shares, were represented at the meeting.

The following individuals, being the nine nominees listed in the management information circular of the corporation dated March 19, 2026, were elected as directors of Tamarack to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with Tamarack's articles or bylaws. Results of the vote were as follows.

KPMG LLP was appointed as auditor of the corporation until the next annual meeting, and the directors were authorized to fix its remuneration. Results of the vote were as follows.

Auditor               Votes for (%)         

KPMG LLP     303,409,950 (98.214 %)

The company's shareholder rights plan, adopted on Dec. 10, 2025, and as amended on April 7, 2026, was ratified, confirmed and approved by shareholders. Results of the vote were as follows.

Other business                       Votes for (%)         

Shareholder rights plan     276,526,541 (97.267 %)

A full report on the voting results is available under Tamarack's profile on SEDAR+.

About Tamarack Valley Energy Ltd.

Tamarack is a corporation engaged in the exploration, development, production and sale of oil and natural gas in the Western Canadian sedimentary basin. The company is currently developing two projects in Northern Alberta: a Clearwater heavy oil position at Nipisi, Marten Hills and South Clearwater and a Charlie Lake light oil position at Valhalla, Wembley and Pipestone. Tamarack holds an extensive inventory of low-risk oil development drilling locations and is pursuing enhanced oil recovery upside across the company's core asset areas. Tamarack is committed to creating long-term value for its shareholders through sustainable free funds flow generation, financial stability and the return of capital. The company is publicly traded on the Toronto Stock Exchange under the symbol TVE.