Strathcona Resources Ltd. Provides Update on Form of $2.1 Billion Special Distribution

About this update from Strathcona Resources Ltd.

Strathcona Resources Ltd. Provides Update on Form of $2.1 Billion Special Distribution /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire CALGARY, AB , Sept. 3, 2025 /CNW/ - Strathcona Resources Ltd. (" Strathcona ") announced today the anticipated form of the previously disclosed $2.142 billion special distribution (the " Special Distribution ") on all of the issued and outstanding Strathcona common shares (" Strathcona Shares "). The Special Distribution is expected to be completed as part of a statutory plan of arrangement that would entitle Strathcona shareholders to receive the Special Distribution as a dividend or, at their election, a return of capital. The Special Distribution will be paid in connection with the reorganization of Strathcona's business into a pure-play heavy oil company and discontinuance of its Montney business segment and derived from the cash proceeds received from the sale of such business segment. Strathcona currently expects to mail shareholder materials in connection with the Special Distribution in October 2025 , with the shareholder meeting and payment of the Special Distribution to follow thereafter in the fourth quarter of 2025. Terms of the Special Distribution are subject to approval of the board of directors of Strathcona , and the Special Distribution will be subject to regulatory and other required approvals. About Strathcona Strathcona is one of North America's fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. Strathcona's common shares (symbol SCR) are listed on the Toronto Stock Exchange (TSX). For more information about Strathcona , visit www.strathconaresources.com . Website addresses are provided for informational purposes only and no information contained on, or accessible from, such websites is incorporated by reference in this news release unless expressly incorporated by reference. No Offer or Solicitation This news release is for informational purposes only and does not constitute an offer to...

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