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Calgary, Alberta--(Newsfile Corp. - August 10, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our August dividend of $0.06 per common share will be paid on September 15, 2026 to shareholders of record on August 31, 2026.

Cardinal Energy is evolving from a conventional dividend producer to a repeatable, modular thermal oil developer with a resilient, low-decline asset base. Reford 1 exceeded nameplate capacity and delivered strong steam efficiency, while Reford 2 is under construction, leveraging fixed-price contracts and proven designs. Q2 saw production up 21%, adjusted funds flow up 150%, and net debt reduced to C$172.7M, supporting dividend sustainability and future growth.