Tuktu Resources Ltd. Announces Mailing of Management Proxy Materials for Requisitioned Meeting

Core Viewpoint - Tuktu Resources Ltd. is responding to a shareholder requisition for a special meeting to consider changes to its Board of Directors, scheduled for January 15, 2026 [1][2]. Group 1: Shareholder Requisition - The requisition was initiated by a dissident group led by Jim Richardson and includes former CEO Tim de Freitas, demanding a special meeting to vote on the appointment of new board members and the removal of existing ones [2]. - The proposed changes include appointing Jim Masikewich, Timur Ganiev, Don Hamilton, and Tim de Freitas to the Board, while removing Robert Dales, William Guinan, Natalie Sweet, Kathleen Dixon, and Robert Yurchevich [2]. Group 2: Company Response - Tuktu announced that the meeting is scheduled in compliance with corporate and securities laws, and shareholders will also vote on the removal of Tim de Freitas from the Board [3]. - The current Board recommends shareholders vote against the dissident resolution and in favor of removing Tim de Freitas, aiming for a cohesive Board to support the company's growth [4]. Group 3: Strategic Direction - The company is reorienting its corporate strategy under new CEO Jeremy Hodder, focusing on reducing general and administrative expenses and enhancing shareholder value through disciplined spending [5]. - Tuktu plans to high-grade its asset base by divesting uneconomic assets and concentrating on the Monarch Banff Oil Play [5]. Group 4: Meeting Details - The special meeting is set for January 15, 2026, with a record date of December 1, 2025, and shareholders are encouraged to review the Management Information Circular for details [6].