Dividends DECLARATION DATE RECORD DATE PAYMENT DATE AMOUNT (C$ PER COMMON SHARE) November 4, 2021 November 15, 2021 November 30, 2021 $0.06 October 1, 2021 October 15, 2021 October 29, 2021 $0.02 September 1, 2021 September 15, 2021 September 30, 2021 $0.02 August 4, 2021 August 16, 2021 August 31, 2021 $0.02 June 17, 2021 July 15, 2021 July 30, 2021 $0.02 The payment of future dividends is subject to change depending upon, among other things, the Company’s free cash flow, operating results, capital requirements and financial position. Paramount’s Board of Directors has approved an increase in the Company’s regular monthly dividend from $0.02 to $0.06 per Common Share. The first increased dividend will be payable on November 30, 2021to shareholders of record on November 15, 2021. The dividend will be designated as an “eligible dividend” for Canadian income tax purposes. EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.

INVESTORS Paramount is committed to providing long-term value creation for its stakeholders by the early identification, low-cost-capture and efficient development of material and contiguous positions in resource plays in the Western Canadian Sedimentary Basin. The Company leverages its technical and managerial expertise and allocates capital within its portfolio of assets to maximize risk-adjusted rates of return. Monthly Dividend $0.06 CURRENT DIVIDEND $0.06 per share RECORD DATE 11/15/2021 DATE PAYABLE 11/30/2021 Current Reports 2021 Third Quarter Results Historical Financial & Operational Information – Third Quarter 2021 Latest News NOV 4 Paramount Resources Ltd. Announces Third Quarter 2021 Results, Updated 2021 Guidance, 2022 Capital Budget and Guidance and Increased Dividend OCT 1 Paramount Resources Ltd. Announces October Dividend SEP 1 Paramount Resources Ltd. Announces September Dividend Presentation NOVEMBER Corporate Presentation New Releases Financial Reports & Shareholder Meetings Presentations & Webcasts Dividends Analyst Coverage SEDAR EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.

TSX: POU $22.24 CHANGE 0.03 VOLUME 168,582 OPERATIONS Paramount’s oil and gas properties are located primarily in Alberta and British Columbia. The Company’s ongoing exploration, development and production activities are intended to discover new reserves, increase the productive capacity of existing fields and extract, process and sell the Company’s natural gas, NGLs and oil economically and safely. Grande Prairie Region Kaybob Region Central & Other Region EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.