le 31&nbsp;mars/March 2023

	Shoal Point Energy Ltd. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every two&nbsp;(2) pre-consolidated common shares.

	As a result, the outstanding shares of the company will be reduced to approximately 45,351,570&nbsp;common shares.

	The name and symbol will not change.

	Please note that all open orders will be canceled at the close of business on March 31, 2023. Dealers are reminded to re-enter their orders taking into account the share consolidation.

	_______________________

	Shoal Point Energy Ltd.&nbsp;a annoncé une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour deux&nbsp;(2) actions ordinaires pré-consolidées.

	En conséquence, les actions en circulation de la société seront réduites à environ 45&nbsp;351&nbsp;570&nbsp;actions ordinaires.

	Le nom et le symbole ne changeront pas.

	Veuillez noter que tous les ordres ouverts seront annulés à la fermeture des bureaux le 31&nbsp;mars&nbsp;2023. Il est rappelé aux concessionnaires de saisir à nouveau leurs ordres en tenant compte du regroupement d'actions.
<table border="1" cellpadding="1" cellspacing="1" >
<tbody>
<tr>
<td >
				Trading&nbsp;on&nbsp;a Consolidated Basis/Négociation&nbsp;sur une Base&nbsp;Consolidée&nbsp;:</td>
<td>
				le&nbsp;3&nbsp;avril/April&nbsp;2023</td>
</tr>
<tr>
<td>
				Record Date/Date&nbsp;d’Enregistrement&nbsp;:</td>
<td>
				le 4&nbsp;avril/April&nbsp;2023</td>
</tr>
<tr>
<td>
				Anticipated Payment Date/Date de&nbsp;Paiement&nbsp;Prévue</td>
<td>
				le 3&nbsp;avril/April&nbsp;2023</td>
</tr>
<tr>
<td>
				Symbol/Symbole&nbsp;:</td>
<td>
				SHP</td>
</tr>
<tr>
<td>
				NEW/NOUVEAU&nbsp;CUSIP&nbsp;:</td>
<td>
				82489D 30 7</td>
</tr>
<tr>
<td>
				NEW/NOUVEAU&nbsp;ISIN&nbsp;:</td>
<td>
				CA 82489D 30 7 6</td>
</tr>
<tr>
<td>
				Old/Vieux&nbsp;CUSIP&nbsp;&amp;&nbsp;ISIN&nbsp;:</td>
<td>
				82489D208/CA82489D2086</td>
</tr>
</tbody>
</table>

	If you have any questions or require further information please contact Listings at&nbsp;(416) 367-7340&nbsp;or E-mail:&nbsp;<a href="mailto:Listings@thecse.com" >Listings@thecse.com</a>

	Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à:&nbsp;<a href="mailto:Listings@thecse.com" >Listings@thecse.com</a>

Shoal Point Energy Ltd.

2023-0339 – Consolidation - Shoal Point Energy Ltd. (SHP)

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