TOPAZ ENERGY CORP. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS

CALGARY, AB, May 6, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on May 6, 2025 (the "Meeting").  A report of voting results will be available on SEDAR+ at www.sedarplus.ca. 

The resolution to appoint the eight (8) nominees as directors of the Company was passed on a vote by poll and each of the directors received the following votes for their election:    

Nominee	Votes For	% For	Votes Withheld	% Withheld
Michael L. Rose	104,825,255	93.47	7,320,094	6.53
Marty Staples	111,167,792	99.13	977,557	0.87
Tanya Causgrove	111,990,007	99.86	155,342	0.14
Jim Davidson	111,975,430	99.85	169,919	0.15
John Gordon	103,424,604	92.22	8,720,745	7.78
Darlene Harris	79,463,491	70.86	32,681,858	29.14
Steve Larke	104,934,051	93.57	7,211,298	6.43
Brian G. Robinson	104,474,855	93.16	7,670,494	6.84

The resolution to appoint KPMG LLP as the Company's auditors was approved with 112,420,335 (99.94%) of the shares represented at the Meeting voting in favour of the resolution.

The non-binding advisory resolution to accept the Company's approach to executive compensation was voted for with 89,211,374 (79.55%) of the shares represented at the Meeting voting in favour of the resolution.

ABOUT THE COMPANY

Topaz is a unique royalty and infrastructure energy company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada's largest and most active natural gas producer, Tourmaline Oil Corp. ("Tourmaline"), an investment-grade senior Canadian E&P company, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies. Topaz focuses on top-quartile energy resources and assets best positioned to attract capital in order to generate sustainable long-term growth and profitability.

Topaz's common shares are listed and posted for trading on the TSX under the trading symbol "TPZ" and it is included in the S&P/TSX Composite Index. This is the headline index for Canada and is the principal benchmark measure for the Canadian equity markets, represented by the largest companies on the TSX.

Additional information

Additional information about Topaz, including the Financial Statements and MD&A as at and for the three months ended March 31, 2025 are available on SEDAR+ at www.sedarplus.ca under the Company's profile, and on Topaz's website at www.topazenergy.ca.

SOURCE Topaz Energy Corp

For further information please contact: Topaz Energy Corp., Marty Staples, President and Chief Executive Officer, [phone]; Cheree Stephenson, VP Finance and CFO, [phone]