An anonymous director reports

WHITECAP RESOURCES INC. CONFIRMS MONTHLY DIVIDEND FOR JUNE OF $0.0483 PER SHARE

Whitecap Resources Inc. has confirmed that a cash dividend of 4.83 cents per common share in respect of June operations will be paid on July 17, 2023, to shareholders of record on June 30, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

About Whitecap Resources Inc.

Whitecap is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. The company's business is focused on profitable production growth combined with sustainable dividends to shareholders. Whitecap's objective is to fully finance its capital expenditures and dividend payments within funds flow.