Mr. Philip Hodge reports

PINE CLIFF ENERGY LTD. DECLARES MONTHLY DIVIDEND FOR FEBRUARY 29, 2024

Pine Cliff Energy Ltd. has declared a regular monthly dividend of 1.083 cents per common share, payable on Feb. 29, 2024, to shareholders of record on Feb. 15, 2024. 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.