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Orca Announces Quarterly Dividend

Posted on 15 May 2024

TORTOLA, British Virgin Islands, May 15, 2024 — Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B)
today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common
Voting Share (“Class A Shares”) of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share (“Class B Shares”)
of the Company. The dividend will be payable on July 12, 2024 to holders of Class A Shares and Class B Shares of record on
June 28, 2024.

About Orca Energy Group Inc.

Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its
subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A
and ORC.B.
For further information please contact:
Jay Lyons
Chief Executive Officer
ir@orcaenergygroup.com
+44-20 8434 2643
Lisa Mitchell
Chief Financial Officer
ir@orcaenergygroup.com
+44-20 8434 2643
For media enquiries:
Celicourt (PR)
Mark Antelme
Jimmy Lea
Orca@celicourt.uk
+44-20 8434 2643
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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