Mr. Grant Fagerheim reports

WHITECAP RESOURCES INC. CONFIRMS MONTHLY DIVIDEND FOR APRIL OF $0.0608 PER SHARE AND ANNOUNCES FIRST QUARTER 2024 RESULTS CONFERENCE CALL / WEBCAST

Whitecap Resources Inc. has confirmed that a cash dividend of 6.08 cents per common share in respect of April operations will be paid on May 15, 2024, to shareholders of record on April 30, 2024. 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 first quarter 2024 results after market close on Wednesday, April 24, 2024, and has scheduled a conference call and webcast to begin promptly at 9 a.m. MT (11 a.m. ET) on Thursday, April 25, 2024.

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 and events. Shortly after the live webcast, an archived version will be available.

About Whitecap Resources Inc.

Whitecap Resources 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. The company's objective is to fully finance its capital expenditures and dividend payments within funds flow.