Mr. Jean-Paul Lachance reports

PEYTO EXPLORATION & DEVELOPMENT CORP. ANNOUNCES REFINANCING OF SENIOR NOTES

Peyto Exploration & Development Corp. has issued $100-million of senior secured notes on Jan. 5, 2026. The notes have a coupon rate of 5.03 per cent and mature on Jan. 5, 2033. The notes were issued by way of a private placement pursuant to a private shelf agreement and rank equally with Peyto's obligations under its credit facilities and existing note purchase and private shelf agreements. Interest will be paid semi-annually in arrears. Proceeds from the notes have been used to repay Peyto's $100-million notes that matured on Jan. 3, 2026.

We seek Safe Harbor.