Prairie Provident Resources Announces Creditor-Led Proceedings under Companies' Creditors Arrangement Act

CALGARY, Alberta, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (the "Company") (TSX: PPR) announces that its senior secured lenders, The Prudential Insurance Company of America and Prudential Legacy Insurance Company of New Jersey (collectively, "Prudential"), have served on the Company an application to the Court of King's Bench of Alberta (the "Court") for an initial order (the "Initial Order") under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") initiating creditor-led proceedings in respect of the Company and its wholly-owned subsidiary, Prairie Provident Resources Canada Ltd. (together with the Company, "Prairie Provident"). Prudential's application is scheduled to be heard by the Court on October 27, 2026 at 10:00 a.m. (Calgary time).