Tamarack Valley Energy Announces Declaration of Monthly Dividend

Press Release

Calgary, Alberta – December 16, 2024 – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.01275 per share in accordance with the Company’s dividend policy. The dividend will be payable on January 15, 2025, to shareholders of record at the close of business on December 30, 2024. This monthly cash dividend is designated as an “eligible dividend” for Canadian income tax purposes.

About Tamarack Valley Energy Ltd.

Tamarack is an oil and gas exploration and production company committed to creating long-term value for its shareholders through sustainable free funds flow generation, financial stability and the return of capital. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily on Charlie Lake and Clearwater plays in Alberta while also pursuing EOR upside in these core areas. For more information, please visit the Company’s website at www.tamarackvalley.ca.

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