Tamarack Valley Energy Ltd.

Closed the previously announced private placement offering of 7.25% senior unsecured sustainability-linked notes due May 10, 2027. Proceeds will be to fund a portion of the purchase price for Tamarack's previously announced acquisition of Crestwynd Exploration Ltd. and repay amounts outstanding under the company's sustainability-linked credit facility. The notes were offered through a syndicate of underwriters led by National Bank Financial Markets and RBC Capital Markets which acted as joint book-runners and sustainability-linked bond structuring advisers, CIBC Capital Markets which acted as co-lead manager, and ATB Capital Markets, Desjardins Capital Markets, BMO Capital Markets, Peters & Co., Raymond James Ltd. and Stifel FirstEnergy, which acted as co-managers. S&P Global Markets provided a second party opinion of the SLB Framework.