Crew Energy Announces the Completion of the Early Redemption of Outstanding 6.500% Senior Unsecured Notes Due 2024

April 28, 2023

CALGARY, Alberta, April 28, 2023 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX:CR; OTCQB:CWEGF) (“Crew” or the “Company“), a growth-oriented, liquids-rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC“), is pleased to announce the successful completion of the redemption of $172 million principal amount of 6.500% senior unsecured notes (the “Notes“) due March 2024 (the “Redeemed Notes“), which represent all the Company’s remaining Notes outstanding.

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