Mr. Michael Rose reports

TOURMALINE DECLARES QUARTERLY DIVIDEND

Tourmaline Oil Corp.'s board of directors has declared a quarterly cash dividend on its common shares of 26 cents per common share. The dividend will be payable on Sept. 29, 2023, to shareholders of record at the close of business on Sept. 15, 2023. This quarterly cash dividend is designated as an eligible dividend for Canadian income tax purposes.

About Tourmaline Oil Corp.

Tourmaline is Canada's largest and most active natural gas producer dedicated to producing the lowest-emission and lowest-cost natural gas in North America. The company is an investment-grade exploration and production company providing strong and predictable operating and financial performance through the development of its three core areas in the Western Canadian sedimentary basin. With its existing large reserve base, decades-long drilling inventory, relentless focus on execution and cost management, and industry-leading environmental performance, Tourmaline is excited to provide shareholders an excellent return on capital and an attractive source of income through its base dividend and surplus free cash flow distribution strategies.

We seek Safe Harbor.