Mr. Grant Fagerheim reports

WHITECAP RESOURCES INC. TO TERMINATE ITS U.S. REPORTING OBLIGATIONS WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION IN RESPECT OF ITS COMMON SHARES

Whitecap Resources Inc. intends to file a certification with the U.S. Securities and Exchange Commission (SEC) in order to terminate the registration and its reporting obligations in respect of its common shares under the U.S. Securities Exchange Act of 1934, as amended. If the SEC does not object, such deregistration and termination will become effective 90 days from today's filing or such shorter period as the SEC may determine. However, Whitecap's reporting obligations with the SEC in respect of its common shares, including its obligations to file annual reports and furnish other reports, will immediately be suspended upon today's filing.

Whitecap's common shares will continue to be listed on the Toronto Stock Exchange, and Whitecap will continue to meet its Canadian continuous disclosure obligations through filings with the applicable Canadian securities regulators. Whitecap's filings may be accessed through SEDAR+ and the Whitecap Resources website.

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 fund its capital expenditures and dividend payments within funds flow.

We seek Safe Harbor.