Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) was notified by  Keyera Corp. ("Keyera") on January 17, 2020 of an electrical failure within the Keyera Wapiti Gas Plant (the "Plant").  This failure has resulted in an unplanned outage.  Keyera has advised Paramount that it expects the Plant to be repaired and resume operations within approximately two weeks. Paramount is monitoring the situation closely and will provide further updates if necessary in the event that the outage extends for a duration that causes a material impact to Paramount.