Mr. Ingram Gillmore reports

GEAR ENERGY LTD. CONFIRMS MONTHLY DIVIDEND FOR OCTOBER OF $0.005 PER SHARE

Gear Energy Ltd.'s October, 2023, monthly dividend of 0.5 cent per common share is to be paid on Oct. 31, 2023, to shareholders of record on Oct. 16, 2023.

The dividend is designated as an eligible dividend for Canadian income tax purposes.