An anonymous director reports

WHITECAP RESOURCES INC. CONFIRMS MONTHLY DIVIDEND FOR JULY OF $0.0483 PER SHARE AND ANNOUNCES SECOND QUARTER 2023 RESULTS CONFERENCE CALL / WEBCAST

Whitecap Resources Inc. confirms that a cash dividend of 4.83 cents per common share in respect of July operations will be paid on Aug. 15, 2023, to shareholders of record on July 31, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

In addition, Whitecap announces that it intends to release its second quarter 2023 results after market close on Wednesday, July 26, 2023, and has scheduled a conference call and webcast to begin promptly at 9 a.m. MT (11 a.m. ET) on Thursday, July 27, 2023.

The conference call dial-in number is: 1-888-390-0605 or 587-880-2175 or 416-764-8609.

A live audio webcast of the conference call will be accessible on Whitecap's website by selecting "Investors," then "Presentations & Events." Shortly after the live webcast, an archived version will be available.

About Whitecap Resources Inc.

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