Mr. Jean-Paul Lachance reports

PEYTO EXPLORATION & DEVELOPMENT CORP. CONFIRMS MONTHLY DIVIDEND FOR MAY 15, 2025

Peyto Exploration & Development Corp. confirms that the monthly dividend with respect to April, 2025, of 11 cents per common share is to be paid on May 15, 2025, for shareholders of record on April 30, 2025.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

We seek Safe Harbor.