Lycos Energy Inc. Declares Cash Distribution to Shareholders

Core Viewpoint - Lycos Energy Inc. has announced a special resolution approved by shareholders to reduce the stated capital by $47.9 million, enabling a cash return of capital to shareholders [1] Group 1: Shareholder Meeting and Capital Reduction - At a special meeting, shareholders approved a resolution to reduce the stated capital account by $47.9 million to facilitate a return of capital [1] - The resolution received support from 60.64% of the outstanding common shares [1] Group 2: Cash Distribution Declaration - The Board of Directors declared a special cash distribution of $0.90 per common share, payable on November 28, 2025 [2] - The record date for shareholders entitled to the distribution is November 20, 2025 [2] - This distribution is designated as a return of capital for Canadian income tax purposes [2] Group 3: Trading Procedures - Due to the size of the distribution relative to the trading price, it will follow "due bill" trading procedures on the TSX Venture Exchange [3] - Common shares will trade under "due bill" procedures from the record date until the close of trading on the payment date [3] - After December 1, 2025, shares will trade on an "ex-dividend" basis without the due bill entitlement [3] Group 4: Company Overview - Lycos Energy is an oil-focused exploration, development, and production company based in Calgary, Alberta, with high-quality heavy-oil assets in Central Alberta [4]