CALGARY, AB, Sept. 2, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona") confirmed that it has purchased 6,664,400 common shares ("MEG Shares") of MEG Energy Corp. ("MEG") today for aggregate consideration of approximately $190.8 million, in accordance with applicable securities laws.

The average price paid for all MEG Shares purchased by Strathcona since the commencement of the Offer (as defined below) in accordance with applicable securities laws is $28.64 per MEG Share. The highest price paid for the MEG Shares purchased by Strathcona today (the "Acquired Shares") was $28.80 per MEG Share. Other than the purchase of the Acquired Shares, Strathcona has not acquired any other MEG Shares since the commencement of the Offer.

Immediately before the purchase of the Acquired Shares, Strat

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