Grant of Performance Share Units

Calgary, AB and Houston, TX - June 17, 2024-PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan.

Q1 2024 dividend declaration and PSU Dividend Equivalents.

As announced on May 9, 2024, the Company is pleased to confirm that a total dividend payment of approximately US$13.7 million, representing US$0.015/share, was paid on June 14, 2024 to shareholders on record at May 31, 2024. This equates to a 10.9% annualized yield based on a US$0.56/share trading price. Shareholders should confirm with their brokers to verify their ownership status on May 31, 2024.

In accordance with PetroTal's PSU plan ("PSU"), the Company's June 14, 2024 dividend distribution resulted in an additional 522,120 PSUs being issued, of which 315,276 PSUs are to Officers. The remaining 206,844 PSUs are issued to employees, and all will vest according to their original grant date.

The Company has a total of 10,598,317 PSUs outstanding.

Camilo McAllister

Executive Vice President and Chief Financial Officer

Manolo Zuniga

President and Chief Executive Officer

Mzuniga@PetroTal-Corp.comT: (713) 609-9101

PetroTal Investor Relations

Celicourt Communications

Mark Antelme / Jimmy Lea

Strand Hanson Limited (Nominated & Financial Adviser)

Ritchie Balmer / James Spinney / Robert Collins

Stifel Nicolaus Europe Limited (Joint Broker)

Callum Stewart / Simon Mensley / Ashton Clanfield

Peel Hunt LLP (Joint Broker)

Richard Crichton / David McKeown / Georgia Langoulant

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