Mr. Philip Hodge reports

PINE CLIFF ENERGY LTD. DECLARES MONTHLY DIVIDEND FOR JUNE 30, 2023

Pine Cliff Energy Ltd. has declared a regular monthly dividend of 1.083 cents per common share to be paid June 30, 2023, to shareholders of record on June 15, 2023. The dividend is designated as an eligible dividend for Canadian income tax purposes.

About Pine Cliff Energy Ltd.

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.