Mr. Philip Hodge reports

PINE CLIFF ENERGY LTD. PROVIDES OPERATIONAL UPDATE AND DECLARES MONTHLY DIVIDEND FOR APRIL 30, 2026

Pine Cliff Energy Ltd. has released initial production results from its recently completed Glauconite well and declared the monthly dividend for April, 2026.

Operational update

Pine Cliff successfully drilled one gross (1.0 net) Glauconite well in the Central Alberta Caroline area in December, 2025, that was completed and brought on production in the second half of February, 2026. Field production estimates over the last 30 days have averaged 1,167 barrels of oil equivalent per day (56 per cent liquids), including 198 barrels per day of condensate. The well continues to clean up, with field production estimates in the past seven days averaging 1,220 barrels of oil equivalent per day (56 per cent liquids), including 208 barrels per day of condensate.

Including this well, Pine Cliff has identified 51 gross (31.0 net) Glauconite locations in the Caroline area, with 29 gross (22.0 net) locations booked in the company's total proved plus probable (TPP) reserves as at Dec. 31, 2025. The company will continue to evaluate opportunities for a drilling program in the second half of 2026.

April dividend

Pine Cliff has declared a monthly dividend of 0.125 cent per common share, to be paid April 30, 2026, to shareholders of record on April 15, 2026. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

About Pine Cliff Energy Ltd.

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