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Paramount Resources Announces the Disposition of a Portion of its Investment in the Common Shares of NuVista Energy Ltd. and Provides an Operations Update

Newswire.ca - Mon Sep 22, 2025

This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids.

CALGARY, AB, Sept. 22, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that it has sold 18,500,000 common shares ("NuVista Shares") of NuVista Energy Ltd. ("NuVista") on September 21, 2025 by means of private agreement (the "Transaction"), with closing to occur on October 1, 2025. Paramount is receiving $16.00 per NuVista Share pursuant to the Transaction for aggregate cash consideration of $296,000,000. The Company is also providing an operations update.

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