Cosa Resources Corp: Invitation to VRIC Booth 119

Cosa Resources Corp (TSXV: COSA) (OTCQB: COSAF) would like to cordially invite you to visit us at Booth #119 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 21 - Monday January 22, 2024.

Notable keynote speakers include former Premier of BC Christy Clark and former Premier of Saskatchewan, Brad Wall. Other keynote speakers will include dozens of globally respected economists, legendary money managers, and investors.

"We are entering a new era of de-globalization. The trust that allowed for global trade over the last 30 years has shifted irreversibly and countries are now scrambling to secure supplies of natural resources as a matter of national security. As a result, demand for key resources, will skyrocket. We have gathered over 300 companies that are exploring for and producing these natural resources so investors can position themselves accordingly," said Jay Martin, Host of the Vancouver Resource Investment Conference.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.

We look forward to seeing you there.

About the Vancouver Resource Investment Conference:

The Vancouver Resource Investment Conference has been the epicentre of junior mining investment in Canada for 25 years and attracts over 5000 mining investors annually. Previous years have been attended by former Prime Minister Stephan Harper and former President of Mexico Felipe Calderon.

The VRIC will include a marketplace of over 300 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines.

For further information:

Keith Bodnarchuk
President and CEO
18888992672
info@cosaresources.ca
www.cosaresources.ca

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Cosa Resources Closes C$6.5 Million Private Placement

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has closed the brokered private placement previously announced by the Company on February 12, 2024, as upsized on February 13, 2024, for aggregate gross proceeds of C$6,500,816 (the "Offering"). The Offering was completed through a syndicate of underwriters, led by Haywood Securities Inc. and including PI Financial Corp. (collectively, the "Underwriters").

Pursuant to the Offering, the Company issued 2,128,000 units of the Company (the "Hard Dollar Units") at a price of C$0.47 per Hard Dollar Unit and 7,704,000 charity flow-through units of the Company (the "Charity FT Units", and together with the Hard Dollar Units, the "Units") at a price of C$0.714 per Charity FT Unit.

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Imperial appoints Senior Vice President, Upstream

Cheryl Gomez-Smith to succeed Simon Younger effective May 1, 2024
Simon Younger appointed Lead Country Manager and General Manager Australia Conventional, ExxonMobil Upstream

Imperial (TSE: IMO, NYSE American: IMO) announced today the appointment of Cheryl Gomez-Smith as Senior Vice President, Upstream, effective May 1, 2024. Ms. Gomez-Smith, currently Director of Safety and Risk, ExxonMobil Global Operations and Sustainability, succeeds Simon Younger, who has been appointed Lead Country Manager and General Manager Australia Conventional, ExxonMobil Upstream.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429303814/en/

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Imperial declares second quarter 2024 dividend

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 60 cents per share on the outstanding common shares of the company, payable on July 1, 2024, to shareholders of record at the close of business on June 3, 2024.

This second quarter 2024 dividend compares with the first quarter 2024 dividend of 60 cents per share.

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PrairieSky Announces Results of the Annual General Meeting of Shareholders, Election of Directors and New Board Chair

PrairieSky Royalty Ltd. (" PrairieSky " or the " Company ") (TSX: PSK) is pleased to announce that its shareholders approved all resolutions at the annual general meeting of shareholders of the Company held on April 22, 2024 (the " Meeting ") in Calgary, Alberta. The resolutions approved at the Meeting were as follows:

The resolution to appoint the seven (7) nominees as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed, was passed by way of ballot and each of the directors received the following votes for their election:

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Number of Shares (Post-Consolidation):	11,834,159 shares
Purchase Price:	$1.08 per share
Number of Placees:	75 placees

Insider / Pro Group Participation:

	Placees	# of Placee (s)	Aggregate # of Shares

	Aggregate Existing Insider Involvement:	N/A	N/A
	Aggregate Pro Group Involvement:	4	3,975,978

Company Contact:	Tim Warman, Chief Executive Officer & Director
Company Address:	Unit 550, 800 West Pender St. Vancouver, BC V6C 2V6
Company Phone Number:	+1 (604) 646-1890
Company Email Address:	info@atacamacopper.ca

Number of Shares:	5,800,000 charity flow-through shares
Purchase Price:	$0.80 per charity flow-through share
Warrants:	2,900,000 share purchase warrants to purchase 2,900,000 shares
Warrant Exercise Price:	$0.80 for a two-year period
Number of Placees:	1 placee

Aggregate Principal of Convertible Debenture:	$1,500,000.
Original Maturity Date:	December 31, 2022 (amended to December 31, 2023) .
New Maturity Date:	December 31, 2024.

Number of Common Shares:	5,000,000 common shares
Purchase Price:	$0.105 per common share
Number of Placees:	8 placees

# of Warrants:	20,000,000
Previously Amended Expiry Date of Warrants:	February 20, 2024
New Expiry Date of Warrants:	February 20, 2025
Exercise Price of Warrants:	$0.10 (Unchanged, but previously adjusted on July 28, 2023).

# of Warrants:	1,014,200
Previously Amended Expiry Date of Warrants:	February 20, 2024
New Expiry Date of Warrants:	February 20, 2025
Exercise Price of Warrants:	$0.10 (Unchanged, but previously adjusted on July 28, 2023).

Number of Shares:	6,700,000 shares
Purchase Price:	$0.10 per share
Warrants:	3,350,000 share purchase warrants to purchase 3,350,000 shares
Warrant Exercise Price:	$0.15 for a two-year period
Number of Placees:	14 placees

Number of Shares:	29,467,399 common shares
Purchase Price:	$0.07 per share
Warrants:	14,733,700 share purchase warrants to purchase 14,733,700 shares
Warrant Exercise Price:	$0.11 for an 18-month period
Number of Placees:	13 placees

Number of Shares:	8,849,557 common shares
Purchase Price:	$1.13 per common share
Number of Placees:	1 placees

Number of Shares:	6,250,000 shares
Purchase Price:	$0.08 per share
Warrants:	6,250,000 share purchase warrants to purchase 6,250,000 shares
Warrant Exercise Price:	$0.15 for a two-year period subject to an acceleration expiry clause
Number of Placees:	24 placees

Number of Shares:	5,098,088 common shares
Purchase Price:	CDN$1.22 per share
Warrants:	5,098,088 share purchase warrants to purchase 5,098,088 shares
Warrant Exercise Price:	CDN$1.52 for a period of five (5)-years following the closing date
Number of Placees:	72 placees

Non-Arm's Length Party / Pro Group Participation:

Creditors	# of Creditors	Amount Owing	Deemed Price per Share	Aggregate # of Shares

Aggregate Non-Arm's Length Party Involvement:	4	$120,000	$0.42	285,715
Aggregate Pro Group Involvement:	N/A	N/A	N/A	N/A

# of Warrants:	2,000,000
Original Expiry Date of Warrants:	February 16, 2024
New Expiry Date of Warrants:	February 16, 2025
Exercise Price of Warrants:	$0.175, subject to an acceleration clause

Selected 2023 drill holes with a grade thickness greater than 0.7 (% U ₃ O ₈ x footage)
Drill Hole ID	Zone	From (ft)	Thickness (ft)	Grade (%U308)	GT (Grade X Thickness)	Total Hole GT
SD23_009	3	331.0	4.0	0.227	0.908
SD23_010	2	330.5	3.5	0.240	0.840
SD23_012	1	285.5	4.0	0.180	0.720
SD23_020	1	178.0	3.5	0.252	0.882
SD23_050	2	291.5	7.0	0.142	0.994
SD23_052	3	278.5	6.5	0.187	1.216
SD23_054	1	270.5	4.0	0.218	0.872
SD23_065	2	305.5	4.5	0.237	1.067	1.567
SR23_001	1	401.5	5.5	0.141	0.776
SR23_002	3	422.0	4.5	0.233	1.049	1.542

Margaret A. McKenzie	209,835,908 (99.974%)
Anna M. Alderson	209,860,707 (99.986%)
Anuroop S. Duggal	207,811,552 (99.009%)
P. Jane Gavan	203,184,216 (96.805%)
Glenn A. McNamara	209,865,110 (99.988%)
Andrew M. Phillips	209,849,532 (99.980%)
Sheldon B. Steeves	209,757,333 (99.936%)

	Three Months Ended
(millions, except per share or as otherwise noted)	March 31 2024		December 31 2023		March 31 2023
FINANCIAL
Revenues	$	120.7	$	136.6	$	126.1

Funds from Operations		83.0		111.1		86.3
Per Share - basic and diluted ⁽¹⁾		0.35		0.46		0.36

Net Earnings		47.5		67.4		56.8
Per Share - basic and diluted ⁽¹⁾		0.20		0.28		0.24

Dividends declared ⁽²⁾		59.7		57.3		57.3
Per Share		0.25		0.24		0.24
Dividend payout ratio ⁽³⁾		72 %		52%		66%

Acquisitions - including non-cash consideration ⁽⁴⁾		8.8		22.2		5.4
Net debt at period end ⁽⁵⁾		208.3		222.1		292.4

Shares Outstanding
Shares outstanding at period end		239.0		239.0		238.9
Weighted average - basic		239.0		239.0		238.9
Weighted average - diluted		239.0		239.0		238.9

OPERATIONAL Royalty Production Volumes
Crude Oil (bbls/d)		13,142		12,844		12,212
NGL (bbls/d)		2,535		2,697		2,664
Natural Gas (MMcf/d)		62.1		60.4		59.6
Royalty Production (BOE/d) ⁽⁶⁾		26,027		25,608		24,809

Realized Pricing
Crude Oil ($/bbl)		77.18		83.27		76.25
NGL ($/bbl)		44.18		46.07		46.71
Natural Gas ($/Mcf)		1.89		2.19		4.05
Total ($/BOE) ⁽⁶⁾		47.79		51.78		52.31

Operating Netback per BOE ⁽⁷⁾		39.60		48.68		43.80

Funds from Operations per BOE		35.04		47.16		38.65

Oil Price Benchmarks

⁽¹⁾	^{Funds from operations and net earnings per share are calculated using the weighted average number of basic and diluted common shares outstanding.}
⁽²⁾	^{A dividend of $0.25 per share was declared on March 11, 2024. The dividend was paid on April 15, 2024 to shareholders of record as at March 28, 2024.}
⁽³⁾	^{Dividend payout ratio is defined under the "Non-GAAP Measures and Ratios" section of this press release.}
⁽⁴⁾	^{Excluding right-of-use asset additions.}
⁽⁵⁾	^{See Note 14 "Capital Management" in the interim condensed consolidated financial statements for the three months ended March 31, 2024 and 2023 and Note 15 "Capital Management" in the audited annual consolidated financial statements for the years ended December 31, 2023 and 2022.}
⁽⁶⁾	^{See "Conversions of Natural Gas to BOE".}
⁽⁷⁾	^{Operating netback per BOE is defined under the "Non-GAAP Measures and Ratios" section of this press release.}

Number of Shares:	6,666,670 shares
Purchase Price:	$0.18 per share
Warrants:	6,666,670 share purchase warrants to purchase 6,666,670 shares
Warrant Exercise Price:	$0.25 for a five-year period
Number of Placees:	35 placees

Number of Shares:	700,000 common shares in the capital of the Company ("Shares"). 3,553,948 common share units ("Units"), each Unit consisting of one Share and one-half of one Share purchase warrant ("Warrant"). 4,829,950 flow-through common share units ("FT Units"), each FT Unit consisting of one common share of the Company on a flow-through basis ("FT Share") and one-half of one Warrant.
Purchase Price:	$0.90 per Share, $0.90 per Unit, and $1.05 per FT Unit.
Warrants:	4,191,946 Warrants to purchase 4,191,946 Shares.
Warrant Price:	$1.35 exercisable for a period of 24 months from the date of issuance.
Number of Placees:	55 placees.

Number of Shares:	2,133,333 common share units ("Units"), each Unit consisting of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant").
Purchase Price:	$0.075 per Unit.
Warrants:	2,133,333 Warrants to purchase 2,133,333 Shares.
Warrant Price:	$0.10 exercisable for a period of 2 years from the date of issuance.
Number of Placees:	4 placees.
Finder's Fees:	None.

	Three Months Ended
($ millions)	March 31 2024			December 31 2023			March 31 2023
Cash from Operating Activities	$	79.7		$	128.0		$	17.2
Other Revenue		(7.5	)		(14.6	)		(9.3	)
Amortization of Debt Issuance Costs		(0.1	)		(0.1	)		(0.2	)
Finance Expense		3.7			3.9			4.5
Current Tax Expense		14.7			14.4			16.5
Net Change in Non-cash Working Capital		3.3			(16.9	)		69.1
Operating Netback	$	93.8		$	114.7		$	97.8

	Three Months Ended December 31,			Year Ended December 31,
FINANCIAL ($, except as noted)	2023	2022	Change	2023	2022	Change
Royalty revenue	1,720,264 ⁽¹⁾	1,504,421 ⁽²⁾	14 %	6,646,326 ⁽¹⁾	6,490,519 ⁽²⁾	2 %
Adjusted EBITDA ⁽³⁾	1,525,386	1,399,621	9 %	5,793,204	5,736,622	1 %
Per share (basic)	0.034	0.031	10 %	0.129	0.136	-5 %
Funds from operations ⁽³⁾	1,663,376	1,411,440	18 %	5,653,618	5,128,706	10 %
Per share (basic)	0.037	0.031	19 %	0.126	0.121	4 %
Total comprehensive income (loss)	382,367	559,447	-32 %	1,566,310	2,558,054	-39 %
Per share (basic)	0.008	0.012	-33 %	0.035	0.060	-42 %
Per share (diluted)	0.008	0.012	-33 %	0.034	0.059	-42 %
Dividends declared	812,850	673,450	21 %	2,968,990	2,693,798	10 %
Per share	0.018	0.015	20 %	0.066	0.06	10 %
Payout ratio ⁽³⁾	49 %	48 %	2 %	53 %	53 %	-
Cash and cash equivalents	1,462,040	13,152,502	-89 %	1,462,040	13,152,502	-89 %
Per share (basic)	0.03	0.29	-90 %	0.03	0.29	-90 %
Average shares outstanding (basic)	45,139,091	44,896,645	1 %	45,022,140	42,344,911	6 %
Shares outstanding (end of period)	45,231,645	44,896,645	1 %	45,231,645	44,896,645	1 %
OPERATING
Average daily production (boe/d)	218 ⁽⁴⁾	169 ⁽⁵⁾	29 %	208 ⁽⁴⁾	166 ⁽⁵⁾	25 %
Percentage oil & NGLs	94 %	92 %	2 %	93 %	92 %	1 %
Average price realizations ($/boe)	85.86	96.55	-11 %	87.54	107.28	-18 %
Operating netback ($/boe) ⁽³⁾	76.06	90.02	-16 %	76.30	94.68	-19 %
Corporate netback ($/boe) ⁽³⁾	82.94	90.78	-9 %	74.47	84.65	-12 %

(1)	Source Rock also benefited from $211,892 (Q4 2023) and $373,437 (fiscal 2023) of sales proceeds from royalty production that occurred after the effective date but prior to the closing date of acquisitions. These proceeds were accounted for as a reduction to the purchase price of the acquisitions.
(2)	Source Rock also benefited from $85,268 (Q4 2022) and $25,268 (fiscal 2022) of sales proceeds from royalty production that occurred after the effective date but prior to the closing date of acquisitions. These proceeds were accounted for as a reduction to the purchase price of the acquisitions.
(3)	This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading "Non-GAAP Financial Measures & Ratios" for more information on each non-GAAP financial measure or ratio.
(4)	Source Rock also benefited from 29 boe/d (100% oil & NGLs) for Q4 2023 and 12 boe/d (100% oil & NGLs) for fiscal 2023, of royalty production that occurred after the effective date but prior to the closing date of acquisitions.
(5)	Source Rock also benefited from 9 boe/d (100% oil & NGLs) for Q4 2022 and 2 boe/d (100% oil & NGLs) for fiscal 2022, of royalty production that occurred after the effective date but prior to the closing date of acquisitions.

Cosa Resources Corp: Invitation to VRIC Booth 119

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