Tourmaline Oil Corp (Alberta) T.TOU

DIVIDEND

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• In addition to the announced special dividend payable on March 21, 2024, to shareholders of record at the close of business on March 14, 2024, the Company's Board of Directors has declared a quarterly base dividend on its common shares in the amount of $0.30 per common share, representing an increase of 7% over the previous quarterly dividend. The increased base dividend reflects the ongoing financial strength and profitability of the Company. The dividend will be payable on March 28, 2024, to shareholders of record at the close of business on March 15, 2024. Both the special dividend and the quarterly base dividend are designated as an eligible dividend for Canadian income tax purposes.