Topaz Energy Corp. announced the following executive officer appointments. Mr. Marty Staples, currently Manager Land at Tourmaline Oil Corp., will be joining Topaz as the President and Chief Executive Officer. Mr. Staples will be joined by Ms. Cheree Stephenson as Topaz's Vice President, Finance and Chief Financial Officer. Both are expected to assume their new positions in April 2020. Additional Topaz management team and staffing hires will be made over the coming months in advance of the planned public liquidity event. Marty Staples has over 18 years in the oil and gas industry in the areas of management, business development, exploration, land and evaluations. Mr. Staples has been intimately involved in the growth and development of Tourmaline since 2010, which includes the execution of numerous asset and corporate acquisitions. Prior thereto, Mr. Staples was Land Manager at Peloton Exploration Corp. Cheree Stephenson has over 18 years in the oil and gas industry in the areas of Corporate Finance and Accounting. Most recently, Ms. Stephenson was instrumental in the start-up and growth of Petrus Resources Ltd. where she held the role of Vice President, Finance and Chief Financial Officer for nine years.

The company also announced that its Board of Directors has declared the payment of the inaugural quarterly dividend of CAD 0.20 per share, to be paid on March 31, 2020 to shareholders of record on March 16, 2020. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.