Lycos Energy Inc. Announces Resumption of Drilling Operations and Participation at Peters & Co. Limited Annual Fall Energy Conference

Executive Summary

• Lycos Energy Inc. announces the resumption of drilling operations, with the first well scheduled for mid-September in the West Lindbergh area, followed by two wells in the Moose Lake area.
• The Company anticipates spending approximately $10 million on its exploration and development program during the second half of 2025.
• Lycos will monitor commodity prices and drilling results to determine if the drilling program will be expanded before the end of the year.

Key Details

• Drilling Schedule:
  • First well: Mid-September 2025 in the West Lindbergh area.
  • Subsequent wells: Two wells planned in the Moose Lake area.
• Capital Expenditure: Approximately $10 million allocated for the exploration and development program in the second half of 2025.
• Strategic Outlook: Management will closely monitor prevailing commodity price environments and drilling results to decide on further expansion of the drilling program prior to year-end.
• Conference Attendance: The Company is scheduled to attend and present at the Peters & Co. Limited 29th Annual Energy Conference in Toronto, Ontario, from September 9th - 11th, 2025.
• Corporate Presentation: An updated corporate presentation is available on the Company's website (www.lycosenergy.com).

Notable Quotes

• "Lycos remains committed to disciplined growth and strategic development as it strives to maximize value for its shareholders."