Mr. Philip Hodge reports

PINE CLIFF ENERGY LTD. DECLARES MONTHLY DIVIDEND FOR JULY 31, 2023

Pine Cliff Energy Ltd. has declared a regular monthly dividend of 1.083 cents per common share to be paid July 31, 2023, to shareholders of record on July 14, 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.