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Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends

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CALGARY, Alberta, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd.
(“Birchcliff”) (TSX: BIR) is pleased to announce that its board of
directors has declared the following quarterly cash dividends for the quarter
ending March 31, 2022:

 Shares                                            TSX Stock Symbol  Dividend per Share      
 Common Shares                                     BIR               $0.01                   
 Cumulative Redeemable Preferred Shares, Series A  BIR.PR.A          $0.523375               
 Cumulative Redeemable Preferred Shares, Series C  BIR.PR.C          $0.4375                 

The dividends are payable on March 31, 2022 to shareholders of record at the
close of business on March 15, 2022. The ex-dividend date is March 14, 2022.

All of the dividends have been designated as eligible dividends for the
purposes of the Income Tax Act (Canada).

About Birchcliff:

Birchcliff is a Calgary, Alberta based intermediate oil and natural gas
company with operations focused on the Montney/Doig Resource Play in Alberta.
Birchcliff’s common shares and cumulative redeemable preferred shares,
Series A and Series C, are listed for trading on the Toronto Stock Exchange
under the symbols “BIR”, “BIR.PR.A” and “BIR.PR.C”, respectively.

 For further information, please contact:                                                                                                                                                                                                                                                                                                               
 Birchcliff Energy Ltd. Suite 1000, 600 – 3 (rd)Avenue S.W. Calgary, Alberta T2P 0G5 Telephone: (403) 261-6401 Email: info@birchcliffenergy.com www.birchcliffenergy.com      Jeff Tonken – Chief Executive Officer  Chris Carlsen – President and Chief Operating Officer  Bruno Geremia – Executive Vice President and Chief Financial Officer        



GlobeNewswire, Inc. 2022

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