SURGE ENERGY INC. CONFIRMS APRIL 2026 DIVIDEND

SURGE ENERGY INC. CONFIRMS APRIL 2026 DIVIDEND

CALGARY, AB, March 16, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 15, 2026, in respect of March 2026 production, for the shareholders of record on March 31, 2026, will be $0.043333 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.

Neitherthe TSX nor itsRegulationServicesProvider (as thatterm is defined in the policies of theTSX) acceptsresponsibilityfor the adequacy or accuracyof thisrelease.

SOURCE Surge Energy Inc.