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Pine Cliff Energy Ltd. Confirms Monthly Dividend for June 30, 2023

June 1, 2023

Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") confirms a monthly dividend of $0.01083 per common share is to be paid June 30, 2023 to shareholders of record on June 15, 2023. The dividend is designated as an eligible dividend for Canadian income tax purposes.

‍For further information, please contact:

Philip B. Hodge - President and CEO
Alan MacDonald - CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com

The TSX does not accept responsibility for the accuracy of this release.

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