CALGARY, AB, March 17, 2025 – Surge Energy Inc. (referred to as “Surge” or the “Company”) (TSX: SGY) is affirming that a cash dividend of $0.043333 per share will be distributed on April 15, 2025, concerning March 2025 production, to shareholders recorded as of March 31, 2025.

This dividend qualifies as an eligible dividend based on the Income Tax Act (Canada).

Surge operates as a mid-sized, publicly listed oil company. Its primary objective is to increase shareholder value through the generation of free cash flow. The Company focuses its operational strategy on acquiring and further developing premium, conventional oil reservoirs, employing established technologies to maximize ultimate oil recovery.

Neither the TSX nor its Regulation Services Provider (as defined in the policies of the TSX) is responsible for the accuracy or adequacy of this announcement.

SOURCE Surge Energy Inc.