Prairie Provident Resources Announces Delay in Second Quarter 2023 Interim Filings - Seite 2

ABOUT PRAIRIE PROVIDENT:

Prairie Provident is a Calgary-based company engaged in the exploration, development and production of its low decline, long life oil reserves in Alberta. The Company is currently producing oil and gas in western Canada with significant growth opportunities from a deep inventory of low-risk horizontal drilling locations and waterflood potential.

For further information, please contact:

Prairie Provident Resources Inc.
Patrick R. McDonald
Chairman and Interim Chief Executive Officer
Tel: [phone]
Email: [e-mail]

Forward-Looking Statements

This news release contains certain statements ("forward-looking statements") that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results, events or circumstances to differ materially from those indicated or suggested in the forward-looking statements. All statements other than statements of current or historical fact constitute forward-looking statements.

Without limiting the foregoing, this news release contains forward-looking statements pertaining to: Prairie Provident's expectation that it will be complete the Q2 Filings on or before August 22, 2023; and compliance with the alternative information guidelines set out in NP 12-203 following issuance of an MCTO.

Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident, which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized.