Orca Announces Quarterly Dividend

TORTOLA, British Virgin Islands, May 15, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share ("Class A Shares") of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on July 12, 2024 to holders of Class A Shares and Class B Shares of record on June 28, 2024.

About Orca Energy Group Inc.

Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.

For further information please contact:Jay LyonsChief Executive Officer[email protected]+44-20 8434 2643

Lisa MitchellChief Financial Officer[email protected]+44-20 8434 2643

For media enquiries:Celicourt (PR)Mark AntelmeJimmy Lea[email protected]+44-20 8434 2643

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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