NUVISTA AND OVINTIV ANNOUNCE RECEIPT OF INVESTMENT CANADA ACT APPROVAL

Core Viewpoint - The Government of Canada has approved the acquisition of NuVista Energy Ltd. by Ovintiv Inc., which is expected to close around February 3, 2026, following the approval from NuVista shareholders and clearance under the Competition Act [1]. Group 1: Transaction Approval - The acquisition has received approval under the Investment Canada Act [1]. - The Court of King's Bench of Alberta has granted the Final Order regarding the Transaction [1]. - NuVista shareholders approved the Transaction on January 23, 2026 [1]. Group 2: Closing Conditions - The Transaction is expected to close on or about February 3, 2026, subject to the satisfaction or waiver of customary closing conditions [1].