Hemisphere Energy Revises Dividend Record Date for Quarterly Dividend

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Hemisphere Energy Corporation changes record date for quarterly cash dividend

Positive

• Hemisphere Energy Corporation has changed the record date for its quarterly cash dividend of C$0.025 per common share. The new record date is June 7, 2023, instead of June 1, 2023. The dividend will still be payable on June 15, 2023.

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• None.

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces today that the Company has changed the previously announced record date for its quarterly cash dividend of C$0.025 per common share to be payable to the shareholders of record as of the close of business on June 7, 2023, from the shareholders of record as of the close of business on June 1, 2023. The dividend will continue to be payable on June 15, 2023.

About Hemisphere Energy Corporation

Hemisphere is a dividend-paying Canadian oil company focused on maximizing value per share growth with the sustainable development of its high netback, low decline conventional heavy oil assets through polymer flood enhanced recovery methods. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME" and on the OTCQX Venture Marketplace under the symbol "HMENF".

For further information, please visit the Company's website at www.hemisphereenergy.ca to view its corporate presentation or contact:

Don Simmons, President & Chief Executive Officer
Telephone: (604) 685-9255
Email: info@hemisphereenergy.ca

Website: www.hemisphereenergy.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168094

FAQ

What is the new record date for Hemisphere Energy Corporation's quarterly cash dividend?

The new record date for Hemisphere Energy Corporation's quarterly cash dividend is June 7, 2023.

What is the amount of the quarterly cash dividend?

The amount of the quarterly cash dividend is C$0.025 per common share.

When will the dividend be payable?

The dividend will be payable on June 15, 2023.