CALGARY, AB , Dec. 14, 2020 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce it has entered into a non binding letter of intent with Tamarack Valley Energy Ltd. ("Tamarack") for the purchase of royalty interests which includes a minimum capital development commitment (the "Royalty Acquisition"). The Royalty Acquisition provides free cash flow growth and diversification for Topaz while enabling Tamarack to advance its own growth; demonstrating Topaz's growth strategy of acquiring low-risk, stable and predictable revenue from high-quality strategic partners.