Mr. Chris Carlsen reports

BIRCHCLIFF ENERGY LTD. RECEIVES TSX APPROVAL FOR RENEWAL OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Birchcliff Energy Ltd.'s notice of intention to make a normal course issuer bid (NCIB).

The NCIB allows Birchcliff to purchase up to 26,769,197 common shares, equal to 10 per cent of Birchcliff's public float of 267,691,970 common shares as of Nov. 13, 2025. On Nov. 13, 2025, Birchcliff had 273,379,956 common shares issued and outstanding. The NCIB will commence on Nov. 27, 2025, and will terminate no later than Nov. 26, 2026. Under the NCIB, common shares may be purchased in open market transactions on the TSX and/or alternative Canadian trading systems at the prevailing market price at the time of such transaction or by such other means as may be permitted by the Canadian Securities Administrators and under applicable securities laws, including by private agreement pursuant to issuer bid exemption orders issued by applicable securities regulatory authorities. Any purchase made pursuant to a private agreement under an exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price. Subject to exceptions for block purchases, the total number of common shares that Birchcliff is permitted to purchase on the TSX during a trading day is subject to a daily purchase limit of 252,391 common shares, representing 25 per cent of the average daily trading volume on the TSX of 1,009,567 common shares for the six-month period ended Oct. 31, 2025. All common shares purchased under the NCIB will be cancelled.

Birchcliff believes that at times, the market price of its common shares may not reflect the underlying value of the corporation's business and that purchasing its common shares for cancellation may represent an attractive opportunity to allocate capital resources to reduce the number of common shares outstanding, thereby increasing the value of the remaining common shares and shareholders' ownership in the underlying business. In addition, Birchcliff may use the NCIB to offset the number of common shares it issues throughout the year pursuant to the exercise of options granted under its stock option plan to minimize or eliminate associated dilution to shareholders.

The actual number of common shares purchased pursuant to the NCIB and the timing of such purchases will be determined by Birchcliff. Decisions to purchase common shares under the NCIB will be based on market conditions, the trading price of the common shares and alternative uses of capital resources available to the corporation. There cannot be any assurance as to how many common shares, if any, will ultimately be acquired by Birchcliff.

Under Birchcliff's existing normal course issuer bid, it obtained the approval of the TSX to purchase up to 13,489,975 common shares over the period from Nov. 27, 2024, to Nov. 26, 2025. The corporation has not purchased any common shares under this normal course issuer bid.

About Birchcliff Energy Ltd.

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alta., with operations focused on the exploration and development of the Montney/Doig resource play in Alberta. Birchcliff's common shares are listed for trading on the TSX under the symbol BIR.

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