Mr Scott Ratushny reports

CARDINAL ENERGY LTD. ANNOUNCES MONTHLY DIVIDEND FOR OCTOBER

Cardinal Energy Ltd. will pay a dividend of 1.5 cents per common share on Nov. 15, 2019, to shareholders of record on Oct. 31, 2019. The board of directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an eligible dividend for Canadian income tax purposes.

About Cardinal Energy Ltd.

Cardinal is a junior Canadian oil-focused company built to provide investors with a stable platform for dividend income. Cardinal's operations are focused in low-decline light and medium-quality oil in Alberta and Saskatchewan.