Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2025, in respect of April 2025 production, for the shareholders of record on April 30, 2025, will be $0.043333 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada)

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.

SOURCE Surge Energy Inc.

SOURCE: Surge Energy Inc.

For more information, please contact: Paul Colborne, President & CEO, Surge Energy
Inc., Phone: (403) 930-1507, Fax: (403) 930-1011, Email: pcolborne@surgeenergy.ca,
Jared Ducs, CFO, Surge Energy Inc, Phone: (403) 930-1046, Fax: (403) 930-1011, Email:
jducs@surgeenergy.ca

COMTEX_464568707/2197/2025-04-15T06:00:00