CALGARY, ALBERTA--(Marketwired - June 14, 2017) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) confirms that a dividend of $0.035 per common share will be paid on July 17, 2017 to shareholders of record on June 30, 2017. 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 and growth. Cardinal's operations are focused in all season access areas in Alberta.

Contact Information:

Cardinal Energy Ltd.
M. Scott Ratushny
CEO
(403) 234-8681

Cardinal Energy Ltd.
Laurence Broos
VP Finance
(403) 234-8681
www.cardinalenergy.ca