Stampede Drilling Announces Renewal of Normal Course Issuer Bid

Executive Summary

• Stampede Drilling Inc. received TSX Venture Exchange approval to renew its Normal Course Issuer Bid, authorizing the repurchase of up to 18,602,144 common shares (≈10% of public float).
• The renewed NCIB runs from December 9 2025 until the earlier of December 8 2026 or when the maximum share count is reached.
• Under the prior NCIB, Stampede repurchased 14,017,500 shares at an aggregate cost of approximately $2.66 million (≈$0.19 per share).

Key Details

• Authorized Repurchase Quantity: Up to 18,602,144 common shares, representing roughly 10% of the company’s public float as defined by TSXV Policy 1.1.
• Program Period: Commences December 9 2025; expires on the earlier of December 8 2026 or when the maximum share count is reached.
• Purchase Mechanism: Shares will be bought through the facilities of the TSX Venture Exchange and/or alternative trading platforms, in accordance with TSXV requirements and applicable securities laws.
• Broker Engagement: Peters & Co. Limited appointed as broker for the NCIB.
• Prior NCIB Performance:
• Authorized up to 20,137,617 shares (expired June 2 2025).
• Actual repurchases: 14,017,500 shares at a total cost of ≈$2,660,858, or ~$0.19 per share.
• Purpose Statement: Management believes the market price may not fully reflect underlying value and that share repurchases represent an attractive use of financial resources.
• Forward‑Looking Statements: The release contains forward‑looking information regarding timing, methods, and quantity of future purchases; standard risk factors and disclaimer language are included.

Notable Quotes

“Stampede believes that, from time to time, the market price of its Common Shares trade at prices that may not adequately reflect their underlying value and the repurchase of Common Shares for cancellation may represent an attractive use of the Company's financial resources.” – Lyle Whitmarsh, President & CEO

Materiality Assessment: Material – Positive (the renewal expands the company’s ability to return capital to shareholders, potentially enhancing shareholder value).