An anonymous director reports

CENOVUS ENERGY PROVIDES OPERATIONS UPDATE ON IMPACT OF ALBERTA WILDFIRES

Cenovus Energy Inc. is providing an update on its oil sands operations following continuing wildfire activity in Northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff is safe. Based on the inspections the company has completed to date, it is not aware of any damage to its infrastructure and would anticipate a full restart of Christina Lake operations in the near term.

As a precaution, currently, only essential personnel is at the Christina Lake oil sands asset, where the company began safely and methodically shutting in production on May 29. Operations will resume as soon as it is safe to do so. Approximately 238,000 barrels per day of production have been impacted, and the company will provide an update when it is in a position to restart.

Cenovus is closely monitoring the overall wildfire situation in Alberta. The company is grateful for the efforts of its teams which are working tirelessly to keep the company's people and assets safe, and for the provincial emergency management teams and firefighters keeping communities safe.

About Cenovus Energy Inc.

Cenovus is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company's preferred shares are listed on the Toronto Stock Exchange.

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