PrairieSky Royalty Ltd.

Expanded unsecured revolving sustainability-linked loan to $725 million from $425 million concurrent with the closing of its acquisition from Heritage Royalty of over 1.9 million acres of royalty lands throughout Alberta, Saskatchewan and Manitoba including over 1.7 million net acres of fee simple mineral title lands and extensive seismic assets. Maturity date of the SLL credit facility remains Feb. 28, 2025, and pricing and covenants are unchanged. The expanded SLL was used to partially fund the acquisition.