Q3 2024 Dividend Payment

Calgary, AB and Houston, TX - September 16, 2024-PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) is pleased to confirm its Q3 2024 dividend payment, along with 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.

Q3 2024 Dividend Payment

As previously announced on August 8, 2024, the Company confirms that a dividend payment of US$0.015/share was paid on September 13, 2024 to shareholders on record as of August 30, 2024. This equates to a 12.8% annualized dividend yield, based on a US$0.47/share trading price. Shareholders should confirm with their brokers to verify their ownership status on August 30, 2024.

Issuance of Dividend Equivalent PSUs

In accordance with PetroTal's PSU plan, the Company's September 13, 2024 dividend distribution resulted in an additional 546,053 PSUs being issued, of which 359,990 were to Officers. The remaining 186,063 PSUs were issued to employees, and will vest according to their original grant date.

The Company has a total of 17,411,838 PSUs outstanding.

Camilo McAllister

Executive Vice President and Chief Financial Officer

Manolo Zuniga

President and Chief Executive Officer

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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