Mr. Derek Evans reports

MEG ENERGY APPOINTS NEW BOARD CHAIR

MEG Energy Corp. has appointed James D. McFarland as its independent board chair. Mr. McFarland has served as a director MEG since 2010. During that time, he has also served as the chair of the human resources and compensation committee, as well as member of the audit committee, health, safety and environment and reserves committee, and the governance and nominating committee.

Derek Evans, chief executive officer, commented: "Jim has been a steadfast supporter of MEG for many years, and the organization has benefited in countless ways from his deep wisdom and experience, tireless work ethic, and extraordinary attention to detail. We are grateful to have him as a long-standing board member and we are excited to see him assume leadership of the board."

Mr. McFarland has over four decades of domestic and international experience in the oil and gas industry, including extensive oil sands and other unconventional resource development experience. He is a co-founder, and has been a director of, Valeura Energy Inc. since April, 2010, and served as president and chief executive officer, until his retirement in December, 2017. Prior thereto, Mr. McFarland has held a number of executive leadership roles including president and CEO, director, and co-founder of Verenex Energy Inc., managing director of shale-oil developer Southern Pacific Petroleum N.L., president and chief operating officer of Husky Oil Ltd., and a 23-year period with Imperial Oil Ltd. and other Exxon affiliates. Mr. McFarland has been a director of various public and private entities including, most recently, Pengrowth Energy Corp. and Arrow Exploration Corp. Mr. McFarland received a bachelor of science (honours) (chemical engineering) from Queen's University at Kingston, a master of science (petroleum engineering) from the University of Alberta and completed the executive development program at Cornell University. He is a member of the Institute of Corporate Directors and a Life Member of both the Association of Professional Engineers and Geoscientists of Alberta and the Society of Petroleum Engineers.

About MEG Energy Corp.

MEG Energy is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG Energy is actively developing innovative enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. MEG Energy transports and sells thermal oil (AWB) to customers throughout North America and internationally. MEG Energy is a member of the Pathways Alliance, a group of Canada's largest oil sands producers working together to address climate change and achieve the goal of net-zero emissions by 2050.