CALGARY, AB, July 27, 2023 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that it has entered into definitive agreements to acquire a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility and associated crude oil battery in the Wembley area (the "Facility Interests") in addition to gross overriding royalty interests in the Clearwater and Charlie Lake operating areas in Alberta which includes 17,000 gross undeveloped acres (the "Royalty Lands"), for total cash consideration of $39.5 million (the "Tuck-In Acquisition").