Prospera Energy Highlights Industry Recognition and Consolidation of Core Saskatchewan Properties

Executive Summary

• Prospera Energy completed the acquisition of the remaining 14% working interest in the Cuthbert property, bringing its ownership to 100% across core Saskatchewan heavy‑oil assets.
• The transaction was structured as $199,634 equity (5,703,814 shares at $0.035), 5,334,550 warrants ($0.05 exercise price, three‑year term) and forgiveness of $1,027,111 debt; total purchase price $1,226,744.
• Prospera also closed two share‑for‑debt settlements totaling $150,000, issuing 3,928,571 common shares at deemed prices of $0.035–$0.040 per share, with statutory hold periods.

Key Details

• Acquisition Completion
• Asset: Additional 14% working interest in the Cuthbert property (Saskatchewan heavy‑oil).
• Total consideration: $1,226,744.
  • Equity component: $199,634 via issuance of 5,703,814 PEI common shares at $0.035/share (12‑month hold period).
  • Warrants issued: 5,334,550 warrants to purchase one share each at $0.05, exercisable for three years from issuance.
  • Debt forgiveness: $1,027,111 owed by the joint‑venture partner.
• Resulting ownership: 100% working interest in all core Saskatchewan heavy‑oil properties.

• Transaction approved and accepted by the TSX Venture Exchange.

• Shares‑for‑Debt Settlement

• Vendor 1: Debt of $50,000 settled with issuance of 1,428,571 common shares at a deemed price of $0.035/share.
• Vendor 2: Debt of $100,000 settled with issuance of 2,500,000 common shares at a deemed price of $0.040/share.
• All issued shares subject to a statutory hold period of four months and one day from issuance date.

• Settlement approved by the TSX Venture Exchange.

• Conference Presentations

• SPE Lunch & Learn (Calgary) – March 4, 2026: “Leadership and Capital Perspectives on Value Creation in Legacy Heavy Oil Assets.”

• Artificial Lift Conference – April 28, 2026: “PCP Design and Recycle Pump Effectiveness on Legacy Heavy Oil CHOPS.”

• Corporate Update Call

• Date/Time: March 12, 2026 at 10:00 am MST.
• Platform: Zoom (registration link provided).
• Content: Operational progress, production optimization initiatives, near‑term strategic priorities; reference to February 2026 corporate update video on YouTube.

Notable Quotes

• (No direct quotes were included in the release.)