New Stratus Vitality Publicizes Pricing and Upsizing of Beforehand Introduced Concurrent Choices

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) — New Stratus Vitality Inc. (TSX.V – NSE) (“New Stratus”, “NSE” or the “Company”) is happy to announce that it has priced and elevated the dimensions of its beforehand introduced brokered non-public placement providing of (i) subscription receipts (the “Subscription Receipts” and the “Subscription Receipt Providing”) and (ii) widespread shares (the “Widespread Shares” and the “Widespread Share Providing”, and along with the Subscription Receipt Providing, the “Concurrent Choices”).

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The Concurrent Choices are being co-led by Ventum Monetary Corp. (“Ventum”) and Cormark Securities Inc. (“Cormark” and along with Ventum, the “Lead Brokers”) on their very own behalf, and in respect of the Subscription Receipt Providing, on behalf of a syndicate of brokers (the “Brokers”).

Pursuant to the Concurrent Choices, New Stratus intends to situation (i) 572,000,000 Subscription Receipts at a value of C$0.30 per Subscription Receipt (the “Providing Value”) for gross proceeds of as much as roughly US$120.0 million (C$171.6 million); and (ii) 33,385,400 Widespread Shares on the Providing Value per Widespread Share for gross proceeds of as much as roughly US$7.0 million (C$10.0 million). Because of the upsized Concurrent Choices, New Stratus doesn’t count on to require any extra subordinate or convertible debt financing.

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The Concurrent Choices are anticipated to shut on or about April 10, 2025, topic to TSXV approval and different customary closing situations.

In all different respects, the phrases of the Concurrent Choices and use of proceeds therefrom will stay as beforehand introduced.

Contact Data

Jose Francisco Arata
Chairman & Chief Government Officer
jfarata@newstratus.vitality

Wade Felesky
President & Director
wfelesky@newstratus.vitality

Mario Miranda
Chief Monetary Officer
mmiranda@newstratus.vitality – (647) 498-9109

Word on Foreign money and Alternate Charges

On this information launch, references to “C$” or “$” are to Canadian {dollars} and references to “US$” are to United States {dollars}. On this information launch, the Company has used a foreign money change charge of US$1.00 = C$1.43.

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Ahead-Trying Data

Sure data set forth on this information launch constitutes “forward-looking statements”, and “forward-looking data” underneath relevant securities laws (collectively, “forward-looking statements”). All statements aside from statements of historic reality are forward-looking statements. Ahead-looking statements could also be recognized by way of conditional or future tenses or by way of phrases akin to “will”, “expects”, “intends”, “could”, “ought to”, “estimates”, “anticipates”, “believes”, “tasks”, “plans”, and comparable expressions, together with variations thereof and adverse kinds. Ahead-looking statements on this information launch embody, amongst others, the pricing, phrases, timing and completion of the Concurrent Choices, and the quantity thereof. Ahead-looking statements are based mostly on the Company’s present inside expectations, estimates, projections, assumptions and beliefs, which can show to be incorrect. Ahead-looking statements aren’t ensures of future efficiency and undue reliance shouldn’t be positioned on them.

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In respect of the forward-looking statements contained herein, the Company has supplied them in reliance on sure key expectations and assumptions made by administration, together with expectations and assumptions in regards to the receipt of all approvals and satisfaction of all situations to the completion of Concurrent Choices, the supply of debt and fairness financing on phrases acceptable to the Company, prevailing climate situations, prevailing laws affecting the oil and gasoline business, commodity costs and change charges.

Though NSE believes that the expectations and assumptions on which the forward-looking statements are based mostly are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of NSE can provide no assurance that they may show to be right. Such forward-looking statements essentially contain identified and unknown dangers and uncertainties, which can trigger precise efficiency and monetary ends in future durations to vary materially from any projections of future efficiency or outcomes expressed or implied by such forward-looking statements. These dangers and uncertainties embody, however aren’t restricted to: dangers related to the oil and gasoline business typically (e.g., operational dangers in improvement, exploration and manufacturing; the uncertainty of reserve estimates; the uncertainty of estimates and projections referring to manufacturing, prices and bills, and well being, security and environmental dangers); dangers related to negotiating with international governments in addition to nation danger related to conducting worldwide actions; the impression of common financial situations in Canada and Ecuador; extended volatility in commodity costs; the danger that the brand new U.S. administration imposes tariffs affecting the oil and gasoline business in Ecuador or globally, and that such tariffs (and/or retaliatory tariffs in response thereto) adversely have an effect on the demand for the Company’s manufacturing, or in any other case adversely impacts the Company’s enterprise or operations; the danger that Oriente Mix oil costs are decrease than anticipated; determinations by OPEC and different nations as to manufacturing ranges; the danger of modifications in authorities coverage on useful resource improvement; business situations together with modifications in legal guidelines and laws together with adoption of recent environmental legal guidelines and laws, and modifications in how they’re interpreted and enforced; the timing for conducting deliberate operations and the outcomes of such operations, together with circulate charges and ensuing manufacturing; the supply of the requisite personnel and gear to conduct operations; the flexibility to efficiently combine operations and notice the anticipated advantages of acquisitions; the flexibility to extend manufacturing, and the anticipated value related therewith; failure of counterparties to carry out underneath contracts; modifications in foreign money change charges; rate of interest fluctuations; the flexibility to safe enough fairness and debt financing; and administration’s capacity to anticipate and handle the foregoing components and dangers.

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There may be no assurance that forward-looking statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. New Stratus undertakes no obligation to replace forward-looking statements if circumstances or administration’s estimates or opinions ought to change besides as required by relevant securities legal guidelines. Precise outcomes, efficiency or achievement may differ materially from these expressed in, or implied by, these forward-looking statements and, accordingly, no assurance may be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them achieve this, what advantages could also be derived therefrom.

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Normal Advisory

This announcement doesn’t represent a proposal to promote or a solicitation of a proposal to purchase securities in america, nor could any securities referred to herein be provided or offered in america absent registration or an exemption from registration underneath america Securities Act of 1933, as amended (the “U.S. Securities Act”) and the foundations and laws thereunder. The securities referred to herein haven’t been and won’t be registered underneath the U.S. Securities Act or any state securities legal guidelines. Accordingly, the securities is probably not provided or offered inside america besides in transactions exempt from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

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