Mr. Brian Schmidt reports

TAMARACK VALLEY ENERGY ANNOUNCES MONTHLY DIVIDEND DECLARATION AND EXTENSION OF CREDIT FACILITY

Tamarack Valley Energy Ltd. has declared its monthly dividend and extended its credit facility.

Dividend declaration

Tamarack's board of directors has declared a monthly cash dividend on its common shares of 1.275 cents per share in accordance with the company's dividend policy. The dividend will be payable on July 15, 2025, to shareholders of record at the close of business on June 30, 2025. This monthly cash dividend is designated as an eligible dividend for Canadian income tax purposes.

Credit facility extension

Tamarack has access to a covenant-based $875-million revolving lending facility that was previously maturing on April 30, 2027. In June, 2025, the credit facility was amended primarily to extend the maturity date of the facility by one year to April 30, 2028. As of June 13, 2025, Tamarack had access to over $400-million of undrawn credit under the three-year credit facility and an uncommitted accordion feature that provides the company with the ability to access an incremental $125-million of secured debt, subject to certain conditions, including approvals from the lending syndicate.

About Tamarack Valley Energy Ltd.

Tamarack is an oil and gas exploration and production company committed to creating long-term value for its shareholders through sustainable free funds flow generation, financial stability and the return of capital. The company has an extensive inventory of low-risk, oil development drilling locations focused primarily on Clearwater and Charlie Lake plays in Alberta while also pursuing EOR (enhanced oil recovery) upside in these core areas.

We seek Safe Harbor.