Mr. Michael Gracher reports

TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES DIRECTOR RETIREMENT

Tidewater Midstream and Infrastructure Ltd.'s Gail Yester has retired from the corporation's board of directors, effective Dec. 31, 2024. Tidewater thanks Ms. Yester for her valuable contributions to the board over the past years and wishes her all the best in her future endeavours. The board is currently evaluating alternatives with respect to the appointment of an independent director to fill the vacancy.

About Tidewater Midstream and Infrastructure Ltd.

Tidewater is traded on the Toronto Stock Exchange under the symbol TWM. Tidewater's business objective is to profitably grow and create shareholder value in the North American natural gas, natural gas liquids, crude oil, refined product and renewable energy value chain. Its operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage and various renewable initiatives. To complement its infrastructure asset base, the corporation also markets crude, refined product, natural gas, natural gas liquids and renewable products and services to customers across North America. Tidewater is a majority shareholder of Tidewater Renewables. Additional information relating to Tidewater is available on SEDAR+ and on the company's website.