SPARTAN DELTA CORP. ANNOUNCES INCREASE TO CREDIT FACILITY TO SUPPORT DUVERNAY GROWTH

Executive Summary

• Spartan Delta Corp. increased its revolving credit facility from $250 million to $450 million, boosting total available credit capacity to $450 million.
• The additional $200 million enhances liquidity and supports the Company’s growth strategy in the West Shale Basin Duvernay.
• The increase was provided by a syndicate of National Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Montreal, Toronto‑Dominion Bank, and ATB Financial.

Key Details

• Previous facility size: $250 million revolving credit facility.
• New facility size: $450 million total credit capacity (increase of $200 million).
• Facility type: Revolving credit facility providing flexible liquidity for operations and development.
• Purpose: Strengthen balance sheet, fund organic drilling program, and support growth in the Duvernay play.
• Lending syndicate members: National Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Montreal, Toronto‑Dominion Bank, ATB Financial.
• Impact: Improves financial flexibility and positions the Company to pursue further development and optimization projects in its core assets.