Mr. Jean-Paul Lachance reports

PEYTO EXPLORATION & DEVELOPMENT CORP. CONFIRMS MONTHLY DIVIDEND FOR AUGUST 15, 2023

Peyto Exploration & Development Corp. confirms that the monthly dividend with respect to July, 2023, of 11 cents per common share is to be paid on Aug. 15, 2023, for shareholders of record on July 31, 2023.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

We seek Safe Harbor.