Mr. Dennis Dawson reports

BIRCHCLIFF ENERGY LTD. ANNOUNCES RETIREMENT OF JEFF TONKEN AS CHIEF EXECUTIVE OFFICER AND APPOINTMENT OF CHRIS CARLSEN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

As part of Birchcliff Energy Ltd.'s orderly and planned leadership succession process, Jeff Tonken will retire as chief executive officer, effective Dec. 31, 2023, and Chris Carlsen, currently the president and chief operating officer of Birchcliff, has been appointed as president and chief executive officer, effective Jan. 1, 2024. Mr. Tonken will remain as the chairman of the board of directors.

"On behalf of the board, I want to thank Jeff for his invaluable contributions to the company. As one of the founders of Birchcliff, Jeff helped to create and build a resilient, dividend-paying company producing over 77,000 barrels of oil equivalent per day," said Dennis Dawson, Birchcliff's independent lead director. "In addition to delivering significant shareholder value throughout the company's 19-year history, Jeff has been instrumental in creating a culture at Birchcliff that has always been focused on its people, the communities where we operate and environmental stewardship, which we fully expect will continue under Chris's leadership."

"On behalf of the board and everyone else at Birchcliff, I would like to congratulate Chris on his appointment as president and chief executive officer," said Mr. Tonken. "The board has dedicated significant time to ensure that Birchcliff has a strong internal succession plan in order to facilitate a seamless transition. Since he first joined Birchcliff in 2008, Chris has held increasingly senior leadership positions with the company and has been a member of our executive team for over 10 years. Chris has a deep understanding of our business and culture, and is well known to our board, staff, shareholders and other stakeholders. He has a proven track record of creating and executing on Birchcliff's corporate strategy and objectives, and his knowledge and experience will help Birchcliff to deliver on its strategy and achieve continued success into the future."

As part of the corporation's leadership succession process, Myles Bosman, executive vice-president, exploration, and David Humphreys, executive vice-president, operations, have chosen to retire, effective Dec. 31, 2023. They have agreed to stay on as executive advisers to the corporation for a period of time to help ensure a seamless transition.

"On behalf of everyone at Birchcliff, I want to thank Myles and Dave for their many significant contributions to the company and their exceptional leadership over the years," said Mr. Tonken. "Myles is one of the founders of Birchcliff, and he has led our exploration and development strategy from the very beginning. Myles was the individual who pushed us to invest in, and concentrate on, the Montney/Doig resource play, when the play was in its infancy, which led to Birchcliff becoming the successful, focused Montney/Doig player that it is today."

Mr. Tonken continued: "Dave joined Birchcliff in 2009 and, since that time, has overseen Birchcliff's drilling and completions, facilities, production, health and safety, environmental, and corporate responsibility teams. His leadership, combined with an unwavering commitment to the health and safety of our people and the environment, has helped Birchcliff to steadily grow its production over the years, while at the same time ensuring that our operations were executed both safely and responsibly."

Theo van der Werken, currently vice-president, engineering, of Birchcliff, has been appointed as chief operating officer, effective Jan. 1, 2024. Mr. van der Werken has been with Birchcliff since 2011 and has served as vice-president, engineering, since January, 2022, responsible for overseeing Birchcliff's Montney asset, subsurface engineering, reserves and strategic planning teams. Prior to January, 2022, he was the asset manager for the corporation's Pouce Coupe assets.

Duane Thompson, currently the corporation's production manager, has been appointed as vice-president, operations, effective Jan. 1, 2024. Mr. Thompson has served as Birchcliff's production manager since May, 2017, working closely with the corporation's facilities, drilling and completions, and health and safety teams, all of which have provided him with an in-depth understanding of Birchcliff's operations.

The other current members of the corporation's executive team, Bruno Geremia, Robyn Bourgeois and Hue Tran, will continue in their current roles.

Mr. Carlsen said: "I am excited to transition into this new role and lead our incredibly talented and dedicated team. I am extremely grateful to Jeff, Myles and Dave for their leadership, vision and guidance over the years, which have been instrumental in creating Birchcliff's culture of excellence and delivering significant shareholder value. I would also like to congratulate Theo and Duane on their respective promotions, both of which are well deserved and will serve Birchcliff well into the future. I look forward to working together with our executive team for many years to come, as we continue to execute on our strategy of generating free funds flow and delivering shareholder returns."

Effective Jan. 1, 2024, Birchcliff's executive team will be as follows.

Mr. Carlsen:  president and chief executive officer

Mr. Geremia:  executive vice-president and chief financial officer

Mr. van der Werken:  chief operating officer

Ms. Bourgeois:  vice-president, legal, general counsel and corporate secretary

Mr. Thompson:  vice-president, operations

Mr. Tran:  vice-president, business development and marketing

New board appointment

In addition, Birchcliff is pleased to announce that Cameron Proctor has been appointed to the board, effective today. Mr. Proctor is an executive and lawyer with over 20 years of experience in the energy industry. Mr. Proctor was most recently the chief operating officer and corporate secretary of PrairieSky Royalty Ltd. from its inception in April, 2014, to August, 2023. Prior to joining PrairieSky in 2014, Mr. Proctor was the executive vice-president and chief legal officer and a member of the board of directors of Sinopec Canada, and worked for Sinopec and its predecessor companies since 2010, including as vice-president, general counsel and corporate secretary of Daylight Energy Ltd. Prior thereto, Mr. Proctor was a barrister and solicitor at Blake, Cassels & Graydon LLP, specializing in corporate, securities, and mergers and acquisitions law. Mr. Proctor holds a bachelor of arts from the University of Victoria and a bachelor of laws from the University of Calgary.

About Birchcliff Energy Ltd.

Birchcliff is a dividend-paying, intermediate oil and natural gas company based in Calgary, Alta., with operations focused on the Montney/Doig resource play in Alberta. Birchcliff's common shares are listed for trading on the Toronto Stock Exchange under the symbol BIR.

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