Pine Cliff Energy Ltd. Declares Monthly Dividend for October 31, 2023

Calgary, Alberta--(Newsfile Corp. - October 2, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.01083 per common share to be paid October 31, 2023, to shareholders of record on October 16, 2023. The dividend is designated as an eligible dividend for Canadian income tax purposes.

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About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff's website at www.pinecliffenergy.com.

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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