On August 23, 2023, Leo Berezan announced that he has reached a settlement with WesCan Energy Corp in respect of the nominating shareholder's nomination of 4 directors for election to the board of directors of the Company, at Company's upcoming Annual General and Special Meeting scheduled to be held on September 28, 2023, and has withdrawn the nomination notice previously delivered to the Company in accordance with Company's advance notice bylaws. In addition, Leo Berezan stated that as part of the settlement, Company will nominate Greg Busby, Leo Berezan, Phil Burry, Shubham Garg and Sohaib Abbas for election as directors of the Company, as will be more particularly described in the meeting materials including the notice of meeting, management information circular, and instruments of proxy.