Mr. Jeff Tonken reports

BIRCHCLIFF ENERGY LTD. ANNOUNCES QUARTERLY PREFERRED SHARE DIVIDEND

Birchcliff Energy Ltd.'s board of directors has declared the following dividends on its outstanding preferred shares:

• A quarterly cash dividend of 50 cents per share for the calendar quarter ending on March 31, 2015, on Birchcliff's outstanding cumulative redeemable preferred shares, Series A. The dividend is payable on March 31, 2015, to shareholders of record as at the close of business on March 16, 2015. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada);
• A quarterly cash dividend of 43.75 cents per share for the calendar quarter ending on March 31, 2015, on Birchcliff's outstanding cumulative redeemable preferred shares, Series C. The dividend is payable on March 31, 2015, to shareholders of record as at the close of business on March 16, 2015. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada).