Pipestone Energy Corp. as previously disclosed on May 10, 2023, Paul Wanklyn, President and Chief Executive Officer of Pipestone Energy Corp. ("Pipestone"), has taken a leave of absence for health reasons.

Mr. Wanklyn has subsequently chosen to not put himself up for re-election to the Board of Directors at the annual general meeting of shareholders to be held on June 22, 2023 as he remains on leave.