Mr. Jean-Paul Lachance reports

PEYTO EXPLORATION & DEVELOPMENT CORP. CONFIRMS MONTHLY DIVIDEND FOR MARCH 15, 2024

Peyto Exploration & Development Corp. will pay its monthly dividend with respect to February, 2024, of 11 cents per common share on March 15, 2024, to shareholders of record on Feb. 29, 2024.

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

Shareholders and interested investors are encouraged to visit the Peyto to learn more about what makes Peyto one of North America's most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the president and chief executive officer. It also includes estimates of monthly capital expenditures and production.

We seek Safe Harbor.