Board of Directors James Riddell Chairman and President and Chief Executive Officer James Bell Independent Director Wilfred Gobert Independent Director Dirk Jungé Independent Director Kim Lynch Proctor Independent Director Robert MacDonald Independent Director Keith MacLeod Independent Director Susan Riddell Rose Non-Independent Director 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 Our Approach Our approach to corporate responsibility is grounded in the values that our founder embodied. Mr. Clay Riddell’s quiet generosity, integrity, work ethic and entrepreneurial spirit continue to form the basis for our business philosophy today. We are proud of our 40 plus year history of responsible energy development in Western Canada. Throughout this time, we have continually adapted to meet evolving expectations and standards for environmental stewardship, corporate governance, health and safety and public reporting. Through frequent and meaningful stakeholder engagement we will continue to evolve to meet the ever-changing business landscape and contribute positively to our communities and to society. EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.

Presentations & Webcasts To view our latest presentation and webcast, click the links below. NOVEMBER Corporate Presentation MAY AGM Webcast 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 Central & Other Region At December 31, 2020, Paramount had approximately 2.024 million gross (987,000 net) acres of land in the Central Alberta & Other Region, including approximately 71,000 net acres of Duvernay rights at Willesden Green and shale gas holdings in the Horn River Basin in British Columbia. Paramount also has ownership in the Leafland natural gas processing plant in the Willesden Green area. Sales volumes for the Central Alberta & Other Region averaged 6,510 Boe/d in the third quarter of 2021 (comprised of 24.4 MMcf/d of shale gas, 6.0 MMcf/d of conventional natural gas, 1,287 Bbl/d of NGLs and 151 Bbl/d of crude oil). EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.