BIRCHCLIFF LEGAL NOTICE FOR WEBSITE
(THE “LEGAL NOTICE”)

Acceptance

This Legal Notice sets out the terms and conditions which govern your access to and use of the website located at www.birchcliffenergy.com (the "Site"), which is owned by Birchcliff Energy Ltd. (“Birchcliff"). Any access to the Site and any use of any of the content displayed on or accessible through the Site, including without limitation, information, content, documents, reports, presentations, reports, text, charts, photographs, images, graphics, web pages, user interfaces, applications, computer software or code contained therein or accessible thereto (collectively, the “Content”): (a) is subject to the terms and conditions of this Legal Notice; (b) is conditional upon your acceptance to this Legal Notice; and (c) evidences your acceptance and approval of the terms and conditions contained herein. If you do not agree with this Legal Notice, you should leave the Site immediately.

Amendment

Birchcliff may modify or replace this Legal Notice at any time without notice. Accordingly, you acknowledge and agree that it is your responsibility to review this Legal Notice each time you access the Site or use any of its Content as, per the above, such access and/or use constitutes acceptance of this Legal Notice in its current form, irrespective of whether you have read its latest terms and conditions.

Limited Licence and Prohibited Uses

Provided you are in compliance with the terms of this Legal Notice, Birchcliff grants you a personal, non-exclusive, non-transferable, temporary and revocable licence to access, read, download, print and/or use the Site and the Content for your own personal and non-commercial use. No other use of the Site or the Content is authorized and Birchcliff may revoke this licence at any time at its discretion. You acknowledge and agree that this licence granted herein does not give you the right or permission to modify, reproduce, publish, disseminate, transmit, sell, create derivative works from or in any way exploit the Site or any of the Content.

You agree not to use the Site or the Content: (a) in any way that violates any applicable federal, provincial, local or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from Canada or other countries); (b) to transmit, or procure the sending of, any advertising or promotional material, including any “junk mail”, “chain letter” or “spam” or any other similar solicitation; (c) to impersonate or attempt to impersonate Birchcliff, a Birchcliff employee or any other person or entity (including, without limitation, by using e-mail addresses or screen names associated with any of the foregoing); or (d) to engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the Site, or which, as determined by us, may harm Birchcliff or users of the Site or expose them to liability.

Communication via Site

The internet is not a fully secure medium and as such, is subject to potential interception, loss, corruption or alteration of communication. You acknowledge and agree that Birchcliff is not liable for any damages resulting from the transmission, interception or corruption of any communications received or sent via the Site. Further, any information you provide or transmit via the Site is provided with your full acknowledgement and understanding that: (a) such information shall not be considered private, confidential or proprietary by Birchcliff and that Birchcliff shall be free to use such information as it so chooses or as required by law; and (b) you assign all copyright in and to such information to Birchcliff and you waive any and all moral rights therein.

With respect to your provision of information that is personal in nature, please see the Birchcliff Website Privacy Policy published on the Site for further information on how Birchcliff manages such information.

No Solicitation and Investment Decisions

The Site and the Content are made available for general information purposes only and do not constitute an offer or a solicitation of an offer for the purchase or sale of any securities of Birchcliff in any jurisdiction.

The Content available on or through the Site is not intended to modify, qualify, supplement or amend any information disclosed by Birchcliff under the corporate and securities legislation of the Canadian jurisdictions applicable to Birchcliff and should not be used for the purpose of making investment decisions regarding Birchcliff’s securities.

The documents available on the Site are provided as a convenience only. Where any documents on the Site have been filed in accordance with applicable securities laws, such documents are not the official versions of Birchcliff’s disclosure documents. The disclosure documents that have been filed on SEDAR+ and which are available under Birchcliff’s company profile at www.sedarplus.ca are considered the official versions of such documents. Investors should review Birchcliff’s disclosure documents available on SEDAR+ and consult their own experts where necessary prior to investing in or trading in Birchcliff’s securities.

In addition, the information and other Content on the Site are not intended to provide specific legal, accounting, financial, investing or tax advice and any decisions you make based on such information or other Content is your sole responsibility.

No information or other Content on the Site constitutes or should be deemed to constitute an invitation to invest or otherwise deal in the securities of Birchcliff or an invitation by or on behalf of Birchcliff to enter into an agreement with you.

Disclaimer of Warranties

While Birchcliff endeavours to ensure that the Content is correct at the time it is posted, all Content is provided on an ‘as is’, ‘where is’ and ‘as available’ basis. The Content may not always be the most current source for information regarding Birchcliff and Birchcliff makes no representations, warranties or claims as to the validity, currency, timeliness or completeness of the Content. You acknowledge and agree that your use of or reliance on the Site or any of the Content is at your own risk.

To the fullest extent allowed under applicable law, Birchcliff hereby disclaims all warranties of any kind, whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement, fitness for particular purpose and freedom from computer viruses.

Ownership, Copyright and Trademarks

All Content, including the manner in which it is presented or appears, is owned by Birchcliff or its licensors and is protected under copyright, trademark and other proprietary rights of Birchcliff and its licensors. Except as expressly permitted in this Legal Notice, no portion of the Site or the Content, including trademarks, logos or service marks, may be reproduced in any form or by any means without the prior written permission from Birchcliff or applicable licensor. You acknowledge and agree that any unauthorized re-transmission, publication or other copying or modification of any Content, including trademarks, logos or service marks, may violate copyright, trademark or other applicable law and can result in legal action.

Birchcliff Not Responsible for Linked Websites

The Site may provide links to third-party websites. Where such links are provided, they have been provided solely for your convenience. Birchcliff does not control, monitor, investigate or endorse the accuracy, reliability, integrity, quality, completeness, availability, suitability or security of any data, information or other content on or made available through these websites. You acknowledge and agree that any use of or reliance on such linked websites or their content is at your own risk.

Exclusion of Liability

You acknowledge and agree that in no event shall Birchcliff be liable in any manner whatsoever for any losses, claims, costs or damages of any kind (including, without limitation, direct or indirect, special, incidental or consequential damages and loss of profits, opportunities or information) arising in connection with the Site, any of the Content or any linked website, or for the use thereof or inability to use the same (whether as a result of interruption, defect, delay in operation or transmission, computer virus or line or system failure or otherwise), even if Birchcliff has been advised of the possibility of such losses, claims, costs or damages.

Indemnity

You agree at all times to indemnify, defend and hold Birchcliff harmless against any and all liabilities, losses, claims, costs (including legal fees and disbursements) and damages which are suffered, sustained, paid or incurred by Birchcliff in respect of: (a) any information you provide or transmit via the Site or which you otherwise provide to Birchcliff; and (b) your access to or use or misuse of the Site or any of the Content (including, without limitation, intellectual property infringement claims).

Jurisdiction

Birchcliff and the Site (excluding linked websites or content) are based in Alberta, Canada. Accordingly, you acknowledge and agree that your access to and use of the Site and the Content in accordance with the terms of this Legal Notice is governed by the laws of the Province of Alberta and the federal laws of Canada applicable therein. The Legal Notice shall be treated in all respects as an Alberta contract without any reference to the principles of conflicts of law. In the event of a dispute, you irrevocably attorn and submit to the exclusive jurisdiction of the courts of the Province of Alberta and the courts of appeal therefrom. If any part of this Legal Notice is held to be invalid or unenforceable, the balance of this Legal Notice shall continue to have full force and effect.

Barrel of Oil (“Boe”) Equivalent Conversions

Boe amounts have been calculated by using the conversion ratio of six thousand cubic feet (“Mcf”) of natural gas to one barrel (“bbl”) of oil. Boe amounts may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Oil and Gas Metrics

The Site may contain metrics commonly used in the oil and natural gas industry. Such oil and gas metrics do not have any standardized meanings or standard methods of calculation and therefore may not be comparable to similar measures presented by other companies. As such, they should not be used to make comparisons. Management uses oil and gas metrics for its own performance measurements and to provide investors with measures to compare Birchcliff’s performance over time; however, such measures are not reliable indicators of Birchcliff’s future performance, which may not compare to Birchcliff’s performance in previous periods, and therefore should not be unduly relied upon.

Non-GAAP and Other Financial Measures

The Site may use various “non-GAAP financial measures”, “non-GAAP ratios” and “capital management measures” as such terms are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure. Non-GAAP financial measures and non-GAAP ratios are not standardized financial measures under Canadian generally accepted accounting principles (“GAAP”) and might not be comparable to similar financial measures disclosed by other issuers. For further information regarding the non-GAAP and other financial measures used by Birchcliff, please see Birchcliff’s most recently filed management’s discussion and analysis under its company profile on SEDAR+ at www.sedarplus.ca.

Forward-Looking Statements

Certain statements contained in the Site constitute forward‐looking statements and forward-looking information (collectively referred to as “forward‐looking statements”) within the meaning of applicable Canadian securities laws. The forward-looking statements contained in the Site relate to future events or Birchcliff’s future plans, strategy, operations, performance or financial position and are based on Birchcliff’s current expectations, estimates, projections, beliefs and assumptions. All statements and information other than historical fact may be forward‐looking statements. Such forward‐looking statements are often, but not always, identified by the use of words such as “plan”, “focus”, “future”, “outlook”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “forecast”, “guidance”, “potential”, “proposed”, “predict”, “budget”, “continue”, “targeting”, “may”, “will”, “could”, “might”, “should”, “would”, “on track”, “maintain”, “deliver” and other similar words and expressions.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking statements. Accordingly, readers are cautioned not to place undue reliance on such forward-looking statements. Although Birchcliff believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and Birchcliff makes no representation that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements.

With respect to the forward-looking statements contained in the Site, assumptions have been made regarding, among other things: prevailing and future commodity prices and differentials, exchange rates, interest rates, inflation rates, royalty rates and tax rates; the state of the economy, financial markets and the exploration, development and production business; the political environment in which Birchcliff operates; the regulatory framework regarding royalties, taxes, environmental, climate change and other laws; Birchcliff’s ability to comply with existing and future laws; future cash flow, debt and dividend levels; future operating, transportation and other expenses; Birchcliff’s ability to access capital and obtain financing on acceptable terms; the timing and amount of capital expenditures and the sources of funding for capital expenditures and other activities; the sufficiency of budgeted capital expenditures to carry out planned operations; the successful and timely implementation of capital projects and the timing, location and extent of future drilling and other operations; results of operations; Birchcliff’s ability to continue to develop its assets and obtain the anticipated benefits therefrom; the performance of existing and future wells; reserves volumes and Birchcliff’s ability to replace and expand reserves through acquisition, development or exploration; the impact of competition on Birchcliff; the availability of, demand for and cost of labour, services and materials; the ability to obtain any necessary regulatory or other approvals in a timely manner; the satisfaction by third parties of their obligations to Birchcliff; the ability of Birchcliff to secure adequate processing and transportation for its products; Birchcliff’s ability to successfully market natural gas and liquids; the results of Birchcliff’s risk management and market diversification activities; and Birchcliff’s natural gas market exposure.

Birchcliff’s actual results, performance or achievements could differ materially from those anticipated in the forward-looking statements as a result of both known and unknown risks and uncertainties including, but not limited to: general economic, market and business conditions which will, among other things, impact the demand for and market prices of Birchcliff’s products and Birchcliff’s access to capital; volatility of crude oil and natural gas prices; fluctuations in exchange and interest rates; an inability of Birchcliff to generate sufficient cash flow from operations to meet its obligations; an inability to access sufficient capital from internal and external sources on terms acceptable to Birchcliff; risks associated with Birchcliff’s credit facilities; fluctuations in the costs of borrowing; operational risks and liabilities inherent in oil and natural gas operations; the risk that weather events such as wildfires, flooding, droughts or extreme hot or cold temperatures forces Birchcliff to shut-in production or otherwise adversely affects Birchcliff’s operations; the occurrence of unexpected events such as fires, explosions, blow-outs and transportation incidents; an inability to access sufficient water or other fluids needed for operations; supply chain disruptions; uncertainty that development activities in connection with Birchcliff’s assets will be economic; an inability to access or implement some or all of the technology necessary to operate its assets and achieve expected future results; geological, technical, drilling, construction and processing problems; uncertainty of geological and technical data; horizontal drilling and completions techniques and the failure of drilling results to meet expectations for reserves or production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, revenue, costs and reserves; the accuracy of cost estimates and variances in Birchcliff’s actual costs and economic returns; incorrect assessments of the value of acquisitions and exploration and development programs; the risks posed by pandemics, epidemics and global conflict; actions taken by OPEC and other major producers of crude oil and the impact such actions may have on supply and demand and commodity prices; stock market volatility; changes to the regulatory framework where Birchcliff operates, including changes to tax laws, royalty rates, environmental laws, climate change laws and carbon tax regimes; political uncertainty and uncertainty associated with government policy changes; actions by government authorities; an inability of Birchcliff to comply with laws; dependence on facilities, gathering lines and pipelines; uncertainties and risks associated with pipeline restrictions and outages to third-party infrastructure; the lack of available pipeline capacity and an inability to secure adequate and cost-effective processing and transportation for Birchcliff’s products; an inability to satisfy obligations under Birchcliff’s marketing and transportation arrangements; shortages in equipment and personnel; the absence or loss of key employees; competition; management of growth; environmental and climate change risks, claims and liabilities; potential litigation; default under or breach of agreements by counterparties; claims by Indigenous peoples; the reassessment by taxing or regulatory authorities of Birchcliff’s prior transactions and filings; unforeseen title defects; third-party claims; uncertainties associated with litigation or other proceedings involving Birchcliff; uncertainties associated with counterparty credit risk; risks associated with Birchcliff’s risk management and market diversification activities; risks associated with the declaration and payment of future dividends; the failure to obtain any required approvals in a timely manner or at all; the failure to complete or realize the anticipated benefits of acquisitions and dispositions; Birchcliff’s reliance on hydraulic fracturing; competition from alternative energy sources; changing demand for petroleum products; the availability of insurance and the risk that certain losses may not be insured; breaches or failure of information systems and cyber-attacks; risks associated with the ownership of Birchcliff’s securities; the accuracy of Birchcliff’s accounting estimates and judgments; and the risk that any of Birchcliff’s material assumptions prove to be materially inaccurate (including Birchcliff’s commodity price and exchange rate assumptions).

Statements relating to “reserves” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described can be profitably produced in the future. For information regarding Birchcliff’s reserves, please see Birchcliff’s most recent annual information form, which is available under its company profile on SEDAR+ at www.sedarplus.ca.

Readers are cautioned that the foregoing lists of factors are not exhaustive. Additional information on these and other risk factors that could affect Birchcliff’s results of operations, financial performance or financial results are included in Birchcliff’s most recent annual information form and annual management’s discussion and analysis under the heading “Risk Factors” and in other reports filed with Canadian securities regulatory authorities.

The forward-looking statements contained in the Site are expressly qualified by the foregoing cautionary statements. Unless otherwise stated, the forward-looking statements contained in the Site is given as at the date it is posted. Unless required by applicable securities laws, Birchcliff does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.