CLEARVIEW ANNOUNCES DIRECTOR RESIGNATION AND SCHEDULES SHAREHOLDER MEETING

CALGARY, AB, April 3, 2025 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") announces today that it has called an annual general and special meeting (the "Meeting") of shareholders ("Shareholders") to be held on May 28, 2025, and announces certain changes to its Board of Directors (the "Board").

The Meeting

The Meeting is being announced further to the Company's March 20, 2025 press release which stated that Clearview received a formal request from Walter van Woudenberg, Harold Pine, Todd McAllister, and Ian MacKellar (the "Requisition Group") to requisition a meeting (the "Requisition").

Clearview's Board reviewed the Requisition, receiving advice from legal counsel, and determined it is in the best interests of the Company to hold only one shareholder meeting allowing the Requisition Group to propose their nominees to be considered at the Meeting. Among other considerations deliberated by the Board, this avoids the cost of holding both a separate special meeting and annual general meeting in extremely close proximity to one another and notably when the Requisition can be addressed at the Meeting.

Further details about the Meeting, the matters to be presented thereat, and how to vote will be made available to Shareholders in advance of the Meeting, including in a management information circular. Shareholders are not required to take any action at this time in respect of the Meeting.

Director Resignation

In addition, Clearview wishes to advise that Lindsay Stollery Jephcott, director and Chair of the Board, has resigned from the Company to pursue other business endeavours, and Clearview accepted her resignation effective as of April 3, 2025.

"As a core member of our Board, Lindsay has been an invaluable member of our team and her dedication, leadership and hard work have left a significant mark on the Company. She will be missed, and we are grateful for her service to Clearview," said Rod Hume, President and CEO of Clearview.

At this time the Board does not intend on making any further changes to the composition of the Board or appointing a chair.

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Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.

More particularly and without limitation, the forward‐looking information in this news release includes expectations concerning the Meeting and timing thereof; and expectations regarding matters that may be voted upon at the Meeting. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

SOURCE Clearview Resources Ltd.