Razor Energy Corp. — Capital/Financing Update 2021

Jan 29, 2021

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RAZOR ENERGY CORP. ANNOUNCES INTERIM EXTENSION OF TERM LOAN FACILITY

January 29, 2021 - Calgary, Alberta - Razor Energy Corp. (" Razor " or the " Company ") (TSXV: RZE) announces that it has secured an interim extension to its existing non-revolving term loan facility from Alberta Investment Management Corporation (“AIMCo”). The Company has reached an agreement with AIMCo to extend the maturity date from January 31, 2021 to February 5, 2021 in order to complete necessary documents and registrations related to an extension of the facility.

For additional information please contact:

Doug Bailey Kevin Braun President and Chief Executive Officer OR Chief Financial Officer

Razor Energy Corp. 800, 500-5[th] Ave SW Calgary, Alberta T2P 3L5 Telephone: (403) 262-0242 www.razor-energy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.