Jasper Mining Corporation announced that The New Management Team will be led by Tim de Freitas as Chief Executive Officer, Kent Busby as Vice President, Production, Greg Feltham as Vice President, Exploration, and Mark Smith as Vice President, Finance and Chief Financial Officer. Upon completion of the Transaction, Jasper has agreed that the board of directors will be reconstituted and shall initially consist of Robert Dales, Gordon Dixon, Tim de Freitas, and William Guinan. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Corporation.

Bronwyn Inkster, a partner with Burnet, Duckworth &Palmer LLP, will be appointed as the Corporate Secretary. The New Management Team has a successful history of operations within and outside Canada developed over multiple decades, having initiated several successful private and publicly traded companies with a focus on structured conventional oil and natural gas plays. The New Management Team believes this subsector of the energy industry is underdeveloped due to the unique skillset required in structural geology and an understanding in naturally fractured reservoirs.

The New Management Team has collectively completed more than 15 small and large acquisitions in western Canada and elsewhere throughout their careers, while reducing unit operating costs and increasing profit margins across a wide variety of conventional asset plays. 25+ years experience, including the founding of five previous oil and gas companies with Tim De Freitas, PhD assets both in Canada and globally. Direct experience in leadership roles with Talisman Energy Inc. ("Talisman"), Manitok Energy Inc. ("Manitok"), Ikkuma Resources Corp.

President &CEO and Director ("Ikkuma") and Pieridae Energy Limited ("Pieridae"), in addition to a breadth of experience at British Gas plc, Nexen Inc., and ExxonMobil Canada Ltd. prior thereto. 30+ years experience in central Alberta, focused in both construction and oilfield Kent Busby operations, including the management of)200 field employees. Member of various technical/operations teams for 10+ years, with field roles at Pieridae, Ikkuma, and VP, Production Manitok, inclusive of managing three large deep cut gas plants and merging Shell plc's field operations into Pieridae.

Greg Feltham, MSc 20+ years experience in structural exploration and development, specializing in fractured reservoirs. Prior experience within the original Talisman Foothills team, including being VP, Exploration involved in a number of acquisitions and drilling of)50 horizontal Foothills wells in western Canada. Mark Smith, CPA Chartered Professional Accountant with 18+ years' experience in oil and gas companies.

Prior experience in CFO roles including the start-up and management of E&P, midstream, VP, Finance &CFO and royalty companies both domestically and internationally. Bronwyn Inkster Ms. Inkster is a partner at Burnet, Duckworth &Palmer LLP, with significant experience in corporate finance and capital markets. Ms. Inkster holds a Bachelor of Laws from the Corporate Secretary University of Auckland and was admitted to the Alberta Bar in 2010.

Board of Directors In addition to Tim de Freitas, the reconstituted New Jasper Board is expected to consist of the following members and will bring together individuals with a strong track record and who have significant experience in the oil and gas industry and in corporate finance, capital markets and environmental, social and governance matters. President of Valhalla Ventures Inc., a private investment corporation since January 1999. Robert Dales Mr. Dales has over 25 years of public issuer experience, both as an officer and a director, including serving as the Lead Director of Kelt Exploration Ltd. from inception to 2021.

Mr. Director Dales received a Bachelor of Commerce from the University of Calgary and a Master of Business Administration degree from the University of Alberta. Gordon F. Dixon, Q.C. is in private legal practice at Dixon Law in Calgary, Alberta. He obtained a Bachelor of Arts from the University of Calgary in 1965 and a Bachelor of Laws Gordon Dixon, Q.C. from the University of Alberta in Edmonton in 1968.

He was appointed a Queen's Counsel in 1992. From 1969 to 1994 he practiced law with the Macleod Dixon law firm in Calgary Director as a partner. He has been a director or an officer of several other publicly traded companies, which were mostly involved in the oil and gas business in Western Canada.

Mr. Dixon owns and operates Calaway Park, Western Canada's large amusement park. William C. (Bill) Guinan practiced law primarily as a Partner at Borden Ladner Gervais LLP William Guinan from 1982 until 2021. He has extensive experience with corporate governance and corporate finance matters as well as with mergers and acquisitions transactions.

Mr. Director Guinan has served as director and as corporate secretary for numerous public and private corporations over the last 30 years. He holds a Bachelor of Business Administration from Acadia University (1977) and an MBA and LLB from Dalhousie University (1982).