Investor Presentaiton

Top-Tier ESG Performance E S Approximately 33% reduction in scope 1 & 2 GHG emissions intensity since 2019 Invested in geothermal and solar power to lower carbon footprint Spend on biodiversity and land protection Strong safety record with zero employee LTIs since 2018 • Increased clean drinking water access for over 30,000 people since 2017 Infrastructure spend of US$13MM+ via Works for Taxes Program since 2018 ● G 30% Board gender diversity by May 2023 target • 8 out of 9 independent directors 30% of 2021 variable compensation linked to ESG metrics TCFD PAREX RESOURCES INC. UN GLOBAL C COMPACT SUSTAINABI ACCOUNTING Ratings(1) Bloomberg ESG Score Rating: 75 Top 3 among TSX Capped Energy Index Scale: 0 to 100 top score SUSTAINALYTICS Rating: 29.5 9th percentile among global E&Ps Scale: 0 to 50 high exposure MSCI Rating: A 2nd Quartile - E&Ps in MSCI ACWI Index Scale: CCC to AAA ISS➤ Environment: 1 | Social: 1 | Governance: 2 Top quartile among TSX Energy peers Scale: 1 low risk to 10 high risk SASB STANDARDS BOARD GRI Empowering Sustainable Decisions CDP (1) As at May 2022; ESG ratings/data/logo do not constitute a sponsorship, endorsement, recommendation, or promotion of Parex by the agency; ratings and data are the property of the agencies and are provided 'as-is' and without warranty. 8

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