Mr. Ingram Gillmore reports

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

Gear Energy Ltd.'s April, 2024, monthly dividend of 0.5 cent per common share will be paid on April 30, 2024, to shareholders of record on April 15, 2024.

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