Pine Cliff Energy Ltd. Announces Third Quarter 2026 Results, Provides Operational Update and Declares Monthly Dividend for November 30, 2026

Calgary, Alberta--(Newsfile Corp. - November 5, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its third quarter 2026 financial and operating results and declares its monthly dividend.

Third Quarter 2026 Summary Highlights * Generated $7.6 million ($0.02 per basic and fully diluted share) and $23.1 million ($0.06 per basic and fully diluted share) of adjusted funds flow(1) for the three and nine months ended September 30, 2026, compared to $5.7 million ($0.02 per basic and fully diluted share) and $22.1 million ($0.06 per basic and fully diluted share) for the same periods in 2025; * Production averaged 20,000 Boe/d(2) and 19,937 Boe/d(3) for the three and nine months ended September 30, 2026, compared to 20,376 Boe/d(4) and 20,962 Boe/d(5) for the same periods in 2025; * Paid dividends of $1.3 million ($0.004 per basic and fully diluted share) and $4.0 million ($0.011 per basic and fully diluted share) during the three and nine months ended September 30, 2026, compared to $1.3 million ($0.004 per basic and fully diluted share) and $8.1 million ($0.022 per basic and fully diluted share) during the same periods in 2025; * Capital expenditures of $3.5 million in three months ended September 30, 2026 include the start of the drilling costs associated with the first of two gross Glauconite wells; * Net debt(1) decreased 14% to $50.1 million as at September 30, 2026 from $58.6 million at the same point last year; and * Subsequent to quarter end, Pine Cliff has entered into a new syndicated credit facility with a maturity of September 30, 2029, which includes access to $15.0 million of additional capital to support future drilling opportunities up to and including June 30, 2027, as required. Pine Cliff will host a webcast at 9:00 AM ABT (10:00 AM EST) on Friday November 6, 2026. Participants can access the live webcast via Pine Cliff Energy Q3 2026 Conference Call or through the Pine Cliff website at www.pinecliffenergy.com. A recorded archive of the webcast will be available on the Company's website following the live webcast.