Q4 2024 Dividend Payment

Calgary, AB and Houston, TX - December 16, 2024-PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) is pleased to confirm its Q4 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.

Q4 2024 Dividend Payment

As previously announced on November 14, 2024, the Company confirms that a dividend payment of US$0.015/share was paid on December 13, 2024 to shareholders on record as of November 29, 2024. This equates to a 14.6% annualized dividend yield, based on a US$0.41/share trading price. Shareholders should confirm with their brokers to verify their ownership status on November 29, 2024.

Issuance of Dividend Equivalent PSUs

In accordance with PetroTal's PSU plan, the Company's December 13, 2024 dividend distribution resulted in an additional 724,842 PSUs being issued, of which 436,641 were to Officers. The remaining 288,201 PSUs were issued to employees and will vest according to their original grant date.

The Company has a total of 18,334,602 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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