CALGARY, AB, May 15, 2025 – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is affirming its plan to distribute a cash dividend on June 16, 2025. This dividend, amounting to $0.043333 per share, is for shareholders recorded as of May 31, 2025, and relates to the company’s May 2025 production.

This dividend qualifies as an eligible dividend according to the Income Tax Act of Canada.

Surge operates as a mid-sized, publicly traded oil company committed to increasing shareholder value through the generation of free cash flow. The Company’s established operational strategy involves acquiring and developing superior, conventional oil reservoirs, utilizing proven technologies to optimize oil recovery.

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

SOURCE Surge Energy Inc.

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