CLEARVIEW RESOURCES LTD. ANNOUNCES STRATEGIC REPOSITIONING PROCESS

CALGARY, AB, March 25, 2025 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company")  announces that in January 2025 Clearview formed a special committee of independent directors (the "Special Committee") to review alternatives to enhance and/or maximize shareholder value. The strategic review being undertaken aims to consider all options that are in the best interests of the Company while exploring opportunities to provide liquidity to shareholders.

"Following recent successes whereby we eliminated the Company's debt, grew our proved developed producing net asset value per basic share to the highest it has been in a decade, and distributed two returns of capital to shareholders in a 15 month period (the first distributions since 2015), Clearview approaches this process from a position of strength," said Rod Hume, Chief Executive Officer of Clearview. "We believe it is timely to initiate a thorough strategic review of the opportunities and alternatives available to Clearview as a logical continuance of the pursuits that we have undertaken with a view to best position Clearview to maximize value."

The Company further announces the engagement of ATB Securities Inc. ("ATB") as exclusive financial advisor to assist the Special Committee in the consideration and possible pursuit of such opportunities and alternatives. ATB will report to the Special Committee and will work with Clearview's management and legal counsel, Dentons Canada LLP, in this process.

The Company has not yet determined a definitive timeline for the completion of this process and does not intend to comment further with respect to the process unless and until it determines that additional disclosure is appropriate in the circumstances and in accordance with applicable securities laws. Clearview also cautions that there are no guarantees that the process will result in any particular transaction, which may include, but are not limited to, a corporate sale, a corporate merger or takeover, public listing of shares, asset dispositions or an asset acquisition or reorganization. The Company will continue to operate its business as usual as it undertakes this process.

The Company would like to thank its shareholders for their continued support as we undertake this strategic review.

FOR FURTHER INFORMATION PLEASE CONTACT:

CLEARVIEW RESOURCES LTD.

1350 - 734 – 8th Avenue S.W. Calgary, Alberta T2P 3P8

Telephone: [phone]                                 Facsimile: [phone]
Email: [email protected]                            Website: www.clearviewres.com

                                           Rod Hume                                                          Brian Kohlhammer
                                        President & CEO                                             V.P. Finance & CFO                 

Reader Advisory

Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws relating to the Company's plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results. Specifically, this press release has forward looking information with respect to: The ability of Clearview and its Special Committee to execute its strategic review, including the timing and result thereof.  Forward-looking information typically uses words such as "anticipate", "believe", "project", "expect", "goal", "plan", "intend" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future. Statements relating to "reserves" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described can be profitably produced in the future.

The forward-looking information is based on certain key expectations and assumptions made by our management, including expectations and assumptions concerning prevailing commodity prices and differentials, exchange rates, applicable royalty rates and tax laws; the impact government assistance programs will have on the Company; the impact on energy demands going forward and the inability of certain entities, including OPEC to agree on crude oil production output constraints; the impact on commodity prices, production and cash flow due to production shut-ins; the impact of regional and/or global health related events on energy demand; global energy policies going forward; our ability to execute our plans as described herein; global energy policies going forward; future exchange rates; future debt levels; the availability and cost of financing, labour and services; the impact of increasing competition and the ability to market oil and natural gas successfully and our ability to access capital. Although Clearview believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Clearview can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature such information involves inherent risks and uncertainties which could include the possibility that Clearview will not be able to execute some or all of its ongoing programs; general economic and political conditions in Canada, the U.S. and globally, and in particular, the effect that those conditions have on commodity prices and our access to capital; further fluctuations in the price of crude oil, natural gas liquids and natural gas; fluctuations in foreign exchange or interest rates; adverse changes to differentials for crude oil and natural gas produced in Canada as compared to other markets and worsened transportation restrictions. Our actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that we will derive therefrom. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide securityholders with a more complete perspective on our future operations and such information may not be appropriate for other purposes.

Readers are cautioned that the foregoing lists of factors are not exhaustive. These forward-looking statements are made as of the date of this press release and we disclaim any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE Clearview Resources Ltd.