CALGARY, AB — September 8, 2026 — Leads & Copy — Tourmaline Oil Corp. announced the filing of an early warning report regarding its shareholdings in Topaz Energy Corp. The report, filed under National Instrument 62-103, details changes in Tourmaline’s beneficial ownership of Topaz common shares following two acquisitions completed between June 1, 2026, and September 8, 2026.
These acquisitions, involving assets in the BC Montney and Alberta Deep Basin gas complexes, aimed to consolidate producing assets, infrastructure, and future drilling inventories. As consideration for these acquisitions, Tourmaline disposed of an aggregate of 3,598,397 common shares of Topaz Energy Corp. to third-party sellers. Consequently, Tourmaline’s ownership stake in Topaz was reduced by more than two percent of the company’s outstanding common shares since its last early warning report was filed.
Prior to these dispositions, Tourmaline held 23,529,494 common shares of Topaz, representing approximately 15.19% of the issued and outstanding shares. Following the completion of the dispositions, Tourmaline’s holdings have decreased to 19,931,097 common shares, which represents approximately 12.87% of the issued and outstanding common shares.
Tourmaline stated its intention to hold its remaining Topaz common shares for investment purposes. The company also indicated that it may, depending on market and other conditions, acquire or dispose of additional common shares of Topaz through various means, including market transactions, public offerings, or private agreements.
The early warning report, containing further details on these matters, will be available on SEDAR+ at www.sedarplus.ca under Topaz’s issuer profile. A copy of the report can also be obtained by contacting the secretary of Topaz on behalf of Tourmaline at (587) 747-4830. Both Tourmaline and Topaz share the same head office located at Suite 2900, 250 6th Avenue SW, Calgary, Alberta T2P 3H7.
Tourmaline Oil Corp. is described as Canada’s largest and most active natural gas producer, focused on achieving the lowest-development-cost natural gas in North America. The company is an investment grade exploration and production entity aiming for strong financial performance through the development of its two core areas within the Western Canadian Sedimentary Basin.
Source: Tourmaline Oil Corp.
