SURGE ENERGY INC. CONFIRMS MAY 2026 DIVIDEND

CALGARY, AB, April 15, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2026, in respect of April 2026 production, for the shareholders of record on April 30, 2026, will be $0.043333 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.

Neither the TSXnorits Regulation ServicesProvider (as that term is definedin the policiesof the TSX) acceptsresponsibilityfor the adequacy oraccuracy of this release.

SOURCE Surge Energy Inc.

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