Legal and Privacy Notice

Terms of Use

This website is the property of Topaz Energy Corp. (“Topaz” or the “Company”). Topaz encourages you to use this website and information contained herein for your personal, non-commercial use. By accessing or using this website, you accept the following terms and conditions (“Terms of Use”). Please read the Terms of Use carefully before using this website. Topaz may update these Terms of Use at any time without notice. By accessing or using the website after such revisions are posted, you agree to the revised Terms of Use. Visitors should check this posting regularly to review the Terms of Use and any revisions.

No Solicitation

The information provided through this website is intended solely for the general knowledge of visitors to the website and does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of Topaz in any jurisdiction. Content available on or through this website is not intended to modify, qualify, supplement or amend the documents that Topaz has made available to the public pursuant to the requirements of applicable corporate and securities legislation and regulations and should not be used for the purpose of making investment decisions concerning Topaz’ securities. Official versions of Topaz’s public disclosure documents, which should be considered by prospective investors, are available on SEDAR at www.sedar.com.

Copyright and Trademarks

Any and all information, content, reports, data, databases, graphics, interfaces, web pages, text, files, software, product names, company names, trademarks, logos and trade names contained on this website (collectively the “content”), including the manner in which the content is presented or appears and all information relating thereto, are the property of Topaz or its licensors. By accessing or using this website, you agree and acknowledge Topaz's rights in this website and the content. This website and the content are protected by copyright, trademark and other proprietary rights of Topaz or third parties. Except as expressly permitted herein, no portion of this website or the content, including trademarks, logos and service marks, may be reproduced in any form or by any means without prior written permission from Topaz or the applicable third party. Any unauthorized re-transmission, republication or other copying or modification of content posted on this website, including trade-marks, trade-names and service marks, may violate federal, common or civil law, trade-mark law and copyright law, and may result in legal action.

Permitted Use

Provided you are in compliance with the Terms of Use, Topaz hereby grants a personal, non-exclusive and non-transferable license to you to access, read, download and print the content for the sole purpose of viewing the content. Such license is revocable at Topaz's sole option and no other use of the content is authorized. In consideration of this authorization, you covenant: (i) not to remove any copyright, trademark or other proprietary notices from any downloaded or printed copy of the content and (ii) that you will explicitly acknowledge Topaz as the provider of the content. Except as specified above, nothing contained herein shall be construed as conferring to you by implication any license or right under or to any intellectual property, including patents, trademarks or copyrighted materials of Topaz or of any third party.

You agree not to use the website: in any way that violates any applicable federal, provincial, state, local or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from Canada or other countries); to transmit, or procure the sending of, any advertising or promotional material, including any “junk mail”, “chain letter” or “spam” or any other similar solicitation; to impersonate or attempt to impersonate the Company, a Company employee, or any other person or entity (including, without limitation, by using e-mail addresses or screen names associated with any of the foregoing); or to engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the website, or which, as determined by us, may harm the Company or users of the website or expose them to liability.

Disclaimer of Warranties

Topaz endeavors to provide accurate and current information on this website. However, all such information is provided “as is” and “as available”. The website content may not always be the most current source for information regarding Topaz. You use this website and its contents your own risk and Topaz does not warrant or make any representations or claims as to the validity, correctness, currency, timeliness, or completeness of the information provided on this website.

To the fullest extent allowed under applicable law, the Company hereby disclaims all warranties of any kind, whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement and fitness for particular purpose.

Exclusion of Liability

Topaz shall not be liable for any damages, including without limitation, direct or indirect, special, incidental or consequential damages, loss of profits, opportunities or information or for expenses arising in connection with this website or with any linked website, or for the use thereof or inability to use the same by interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Topaz is advised of the possibility of such damages, losses or expenses. You use software algorithms made available on this website and links to other internet resources at your own risk. The content, accuracy, opinions expressed, and other links provided by these software algorithms and resources are not investigated, verified, monitored, or endorsed by Topaz.

Indemnity

You agree at all times to indemnify, defend and hold harmless Topaz, its agents, suppliers, affiliates and their respective directors, officers, employees and subcontractors against all actions, proceedings, costs, claims, damages, demands, liabilities and expenses whatsoever (including legal and other fees and disbursements) sustained, incurred or paid by Topaz directly or indirectly in respect of: (i) any information or other content you provide on or through this website or which you send to Topaz by email or other correspondence; or (ii) your use or misuse of the content or this website, including without limitation, intellectual property infringement claims.

Personal Information

Topaz may, from time to time, collect, use and disclose personal information. Please see the Topaz Privacy Policy that is published on this website for further information on how Topaz manages personal information.

Forward-Looking Information Advisory

This website contains forward-looking information and statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. The use of any of the words “forecast”, “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “on track”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. More particularly and without limitation, this website contains forward-looking information concerning Topaz's plans and other aspects of its anticipated future operations, management focus, objectives, strategies, financial, operating and production results and business opportunities, including the following: anticipated petroleum and natural gas production and production growth for various periods; the future declaration and payment of dividends and the timing and amount thereof; drilling inventory or locations; cash flow; cash flow per share; free cash flow; net debt to-cash flow levels; production levels supported by certain of the Company’s reserves and drilling inventory; capital spending; cost reduction initiatives; projected operating and drilling costs; the timing for facility expansions and facility start-up dates; as well as Topaz's future drilling prospects and plans, business strategy, future development and growth opportunities, prospects and asset base. The forward-looking information is based on certain key expectations and assumptions made by Topaz, including expectations and assumptions concerning the following: prevailing and future commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve volumes; operating costs the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions; the state of the economy and the exploration and production business; the availability and cost of financing, labour and services; and ability to market crude oil, natural gas and NGL successfully. Without limitation of the foregoing, future dividend payments, if any, and the level thereof is uncertain, as the Company’s dividend policy and the funds available for the payment of dividends from time to time will be dependent upon, among other things, free cash flow, financial requirements for the Company’s operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors beyond the Company’s control. Further, the ability of Topaz to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness, including its credit facility.

Statements relating to “reserves” are also deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. Although Topaz believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Topaz can give no assurances that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, production, revenues, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; interest rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Topaz, or its operations or financial results, are included in the Company’s most recently filed Management’s Discussion and Analysis (See “Forward-Looking Statements” therein), Annual Information Form (See “Risk Factors” and “Forward-Looking Statements” therein) and other reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or Topaz's website (www.topazenergy.ca). The forward-looking information contained on this website is made as of the date on which it was posted and Topaz undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws.

See also “Forward-Looking Statements”, “Boe Conversions” and “Non-GAAP Financial Measures” in the most recently filed Management’s Discussion and Analysis.

Jurisdiction

Topaz and this website (excluding linked third party websites or content) are based in Alberta, Canada. The use of this website is governed by the laws of the Province of Alberta and the federal laws of Canada. Any dispute arising out of the use of this website or these Terms of Use shall be governed by the laws of the Province of Alberta and the federal laws of Canada applicable therein, and shall be treated in all respects as an Alberta contract without reference to the principles of conflicts of law.

In the event of a dispute, visitors to the website agree to submit to the exclusive jurisdiction of the courts of Alberta and the federal courts of Canada. If any part of these Terms of Use is held to be invalid or unenforceable, the balance of the Terms of Use shall continue to have full force and effect.

Privacy Policy

Topaz Energy Corp. (“Topaz”, the “Company”, “we” or “our”) values and respects your privacy. This privacy policy (“Privacy Policy”) sets out the manner in which Topaz collects, uses, discloses and otherwise manages personal information. If you do not agree with the Company’s policies and practices, you may choose not to provide your personal information to Topaz. The Privacy Policy may change from time to time, so please check the Privacy Policy periodically for updates.

When we collect, use or disclose your personal information we will generally obtain your consent.  Most of the time, we will obtain your consent before or at the same time we collect your personal information. In some instances, however, we may seek your consent after we have collected your personal information if we wish to make an additional use or disclosure of your personal information where we do not already have your consent for that new use or disclosure.

Certain collection, uses and disclosures of your personal information that we wish to make are specifically set out in this Privacy Policy.  Be sure to review this Privacy Policy since by providing your personal information to us, you are consenting to the collection, use and disclosure of your personal information in accordance with the terms of this Privacy Policy.

You may change or withdraw your consent at any time on reasonable notice to us, subject to pre-existing legal and contractual obligations, by contacting us as set out under the heading “Contact” in this Privacy Policy.  If you withdraw certain consents, it may limit the manner in which you can interact with the Company.  For clarity, your ability to change or withdraw consent is not absolute.  The Company reserves the right to continue handling your personal information in those circumstances required or permitted by law despite a change or withdrawal of consent.

Collection and Use of Personal Information

General Inquiries

When you contact us with an inquiry, we collect the contact information you provide, such as your name, title, telephone number and email address.  We use this information to respond to your inquiry.

Employment Opportunities

When you contact us regarding an employment opportunity or related inquiry, you may provide us with certain personal information, such as a resume, cover letter or similar employment related materials. We use this information for the purposes of processing and responding to your application for current and future employment opportunities.

Investor Relations

When you contact us regarding investment related inquiries, we collect the contact information you provide, such as your name, title, telephone number and email address.  We use this information to respond to your inquiry and to provide you with requested materials or information.

News Alerts

When you subscribe to receive news alerts by email, we collect the contact information you provide, such as your name, title, telephone number and email address. We use this information to add you to our news alerts email distribution list.

Disclosure and Sharing of Personal Information

General Privacy Statement

We will not disclose, trade, rent or sell your personal information except as set out herein or as otherwise required or permitted by law.

Service Providers

Your personal information may be transferred or otherwise shared with third parties that perform services on our behalf, where you have provided your informed consent for such transfers. Our service providers are provided the information they require to perform their designated function and are not authorized to use or disclose personal information for their own purposes. Your personal information may be maintained and processed by us, our affiliates or other third party service providers in the U.S. or other jurisdictions. In the event personal information is transferred, with your informed consent, to the U.S. or other foreign jurisdictions, it will be subject to the laws of those jurisdictions and may be disclosed to or accessed by the courts, law enforcement and other government authorities in those jurisdictions in accordance with the applicable laws in those jurisdictions.

Legal/Compliance

Topaz and its Canadian and U.S. service providers may provide your personal information in response to a search warrant or other legally valid inquiry or order, or to another organization for the purposes of investigating a breach of an agreement or contravention of law or detecting, suppressing or preventing fraud, or as otherwise required or permitted by applicable Canadian, U.S. or other law. Your personal information may also be disclosed where necessary for the establishment, exercise or defence of legal claims and to investigate or prevent actual or suspected loss or harm to persons or property.

Sale of Business

Personal information may be provided to third parties in connection with a merger or sale (including transfers made as part of insolvency or bankruptcy proceedings) involving all or part of Topaz or as part of a corporate reorganization or stock sale or other change in corporate control, including for the purpose of determining whether to proceed or continue with such transaction or business relationship.

Safeguards and Retention

We have implemented reasonable administrative, technical and physical measures in an effort to safeguard the personal information in our custody and control against theft, loss and unauthorized access, use, modification and disclosure. We restrict access to your personal information on a need-to-know basis to employees and authorized service providers who require access to it to fulfil their job requirements.

For legal and business purposes we may retain your personal information for as long as it is reasonably needed.  Upon expiry of the appropriate retention period, bearing in mind our reasonable legal and business requirements, your personal information may be destroyed in a secure manner or made anonymous.

Access to Personal Information

You have the right to access, update and correct inaccuracies in your personal information in our custody and control, subject to certain exceptions prescribed by law. You may request access, updating and corrections of inaccuracies in personal information we have in our custody or control by emailing or writing to us at the contact information set out below. We may request certain personal information for the purposes of verifying the identity of the individual seeking access to their personal information records.

Contact Us

If you have any questions or comments about the collection, use or disclosure of your personal information, or this Privacy Policy, or if you wish to request access to your personal information, you may contact Topaz's Privacy Officer by mail at the address below.

Topaz Energy Corp.
2900, 250 6th Avenue SW
Calgary, AB T2P 3H7
Attention: Privacy Officer
(Please mark the envelope CONFIDENTIAL)

Topaz retains the right to amend this Privacy Policy from time to time.
Effective: October 2019