Pine Cliff Energy Ltd. Provides Operational Update and Declares Monthly Dividend for April 30, 2026

About this update from Pine Cliff Energy Ltd.

Pine Cliff Energy Ltd. Provides Operational Update and Declares Monthly Dividend for April 30, 2026Calgary, Alberta--(Newsfile Corp. - March 25, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce initial production results from its recently completed Glauconite well and the monthly dividend for April 2026. Operational UpdatePine Cliff successfully drilled one gross (1.0 net) Glauconite well in the Central Alberta Caroline area in December 2025 that was completed and brought on production in the second half of February 2026. Field production estimates over the last 30 days have averaged 1,167 Boe/d1 (56% liquids) including 198 Bbls/d of condensate. The well continues to clean up with field production estimates in the past seven days averaging 1,220 Boe/d2 (56% liquids) including 208 Bbls/d of condensate. Including this well, Pine Cliff has identified 51 gross (31.0 net) Glauconite locations in the Caroline area, with 29 gross (22.0 net) locations booked in the Company's Total Proved plus Probable ("TPP") reserves as at December 31, 2025. The Company will continue to evaluate opportunities for a drilling program in the second half of 2026. April DividendPine Cliff has declared a monthly dividend of $0.00125 per common share to be paid April 30, 2026, to shareholders of record on April 15, 2026. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.About Pine CliffPine 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 sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com including the Company's most recent presentation.Reader AdvisoriesNotes to Press ReleaseComprised of 3,085 Mcf/d natural gas (4,114 Mcf/d raw gas) and 653 Bbls/d NGLs.Comprised of 3,222 Mcf/d natural gas (4,296 Mcf/d raw gas) and 683 Bbls/d NGLs.Cautionary StatementsActual results, field production estimates, performance or achievements could differ materially from those expressed in, or implied by, this information. Field production estimates are derived using historical gas shrinkage and NGL yield assumptions. Except as required by law, Pine Cliff disclaims any intention or obligation to update or revise any forwar...

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