CALGARY, ALBERTA--(Marketwired - June 9, 2016) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ)
confirms that a dividend of $0.035 per common share will be paid on July 15, 2016 to shareholders of record on June 30, 2016 with
an ex-dividend date of June 28, 2016. The Board of Directors of Cardinal has declared the dividend payable in either cash or
common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian income
tax purposes.
About Cardinal Energy Ltd.
Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and
growth. Cardinal's operations are focused in all season access areas in Alberta.