Calgary, Alberta–(Newsfile Corp. – December 3, 2024) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Business”) declared a regular monthly dividend of $0.005 per common share to be paid on December 31, 2024 to shareholders of record on December 16, 2024. This dividend and future dividends are expected to be designated as ineligible dividends for income tax purposes canadian. until further notice.

On November 29, 2024, Pine Cliff extended a temporary increase in its demand loan with a Canadian chartered bank to $15.0 million until April 30, 2025. The increase originally granted on March 27, 2024 was previously to be reduced to $12.0 million as of December 1. , 2024.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term vision of creating value for its shareholders. Further information regarding Pine Cliff can be found at sedarplus.ca as well as on the Pine Cliff website at www.pinecliffenergy.com.

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SOURCE: Pine Cliff Energy Ltd.