Paramount Resources secured a $250 million delayed draw term loan facility with Export Development Canada and extended the maturity date of its $500 million senior secured revolving bank credit facility.

The Company is also pleased to announce that it has sold its remaining investment in the shares of NuVista Energy Ltd., increasing its cash and cash equivalents to approximately $800 million at November 30, 2025.

With its cash position and undrawn credit facilities totaling $750 million, the Company is in a strong financial position to advance its Willesden Green and Sinclair developments, which are expected to more than double sales volumes to over 100,000 Boe/d (35% liquids) by the end of 2027.

The Term Loan Facility has a 5-year term and enables Paramount to make multiple drawdowns of up to an aggregate of $250 million at any time prior to December 16, 2027 to fund capital expenditures related to the Company's Willesden Green Duvernay and Sinclair Montney developments (excluding the Sinclair Plant). The Term Loan Facility is prepayable without penalty, non-revolving, non-amortizing, matures on December 15, 2030 and is secured by a second charge over substantially all of the assets of the Company and its subsidiaries.

Paramount has also extended the maturity date of the Syndicated Credit Facility to December 15, 2029. The Syndicated Credit Facility continues to have an accordion feature, which enables the capacity of the facility to be increased to up to $750 million, subject to obtaining incremental lender commitments and the Company achieving average quarterly production of at least 55,000 Boe/d for two consecutive fiscal quarters. The Syndicated Credit Facility is financial covenant based and secured by a first charge over substantially all of the assets of the Company and its subsidiaries.