Kelt Exploration Ltd.: Kelt Increases Its 2021 Guidance for Production and Funds from Operations with an Increased Capital Spending Program 38.50 3.10 66.5 (surplus) ($MM) OPERATIONS UPDATE Kelt has a significant number of wells that it plans to bring on production during the remainder of 2021. Below is a summary of the wells and their current status. The following wells are expected to be put on production during the third quarter of 2021: (a) Wembley (sfc 14-34) 02/13-32-074-09W6 Montney D3 - drilled and completed; (b) Wembley (sfc 14-34) 00/13-10-075-09W6 Montney D3 - drilled and completed; (c) Spirit River (sfc 8-27) 08-25 Upper Charlie Lake - drilled and completed;