TSX: POU $22.24 CHANGE 0.03 VOLUME 168,582 PRIVACY / LEGAL Effective Date: October 20, 2021 The following terms and conditions for www.paramountres.com (“this website”) and certain important warnings and disclaimers constitute a legal agreement entered into between you and Paramount. By using this website, you accept and agree to be bound by these terms and conditions, warnings and disclaimers. If you do not agree to these terms and conditions, warnings and disclaimers, you must not access this website. We reserve the right in our sole discretion to revise and update these terms and conditions, warnings and disclaimers from time to time. Any and all such modifications are effective immediately upon posting and apply to all access and continued use of the website. You agree to periodically review the terms and conditions, warnings and disclaimers in order to be aware of any such modifications and your continued use shall be your acceptance of the then-present terms and conditions, warnings and disclaimers. Definitions The terms “Paramount”, “we”, “us”, or “our” means Paramount Resources Ltd. Privacy Paramount is committed to maintaining the accuracy, confidentiality and security of personal information under its control in compliance with applicable law. Personal information may include any factual or subjective information about an individual that identifies them. We may collect and use personal information directly or indirectly through this website in the following ways: Inquiries – If you contact us with a general inquiry or investor relations inquiry, we may collect personal information, such as your name, title and contact information. We may also collect additional information pertinent to your inquiry. We will use this information to respond to your inquiry. Employment Opportunities – If you contact us respecting an employment opportunity that we have posted on this website, we may collect your resume, cover letter and other pertinent employment-related information. We will use this information to assess your application for current and future employment opportunities. We will consider you to have consented to our collection, use, transmission and disclosure of any personal information you choose to provide as described above. Subject to applicable law, you may change or withdraw your consent at any time on reasonable notice to us, you may request access to any personal information we have collected, you may request information about the use of any personal information we have collected and you may request that we update any personal information that we have collected. Paramount will retain personal information for a reasonable period of time as required to effectively carry out its business or as required or permitted by law. Paramount will use care to safeguard personal information to prevent loss and unauthorized access or use. However, the transmission of information via the Internet is not completely secure. Although we do our best to protect your personal information, we cannot guarantee the security of your personal information transmitted through this website. Any transmission of personal information is at your own risk. We are not responsible for circumvention of any privacy settings or security measures contained on this website. Concerns or requests respecting personal information can be communicated by mail in an envelope marked personal and confidential and addressed to Paramount Resources Ltd., 2800, 421 – 7th Avenue S.W., Calgary, Alberta T2P 4K9, Attention: Privacy Officer. Limitations on Information The information and materials provided on this website are not comprehensive, may not always be up to date or may have been superseded by more recent information, events or circumstances. We may update, revise or remove the information provided on this website without notice. You should refer to the information filed under our profile at SEDAR for a complete record of the filings we have made under Canadian securities laws. The information contained on this website should always be read in conjunction with the filings we have made under Canadian securities laws. Nothing on this website should be read as in any way qualifying, amending, modifying or superseding any of the disclosure contained in the filings we have made under Canadian securities laws. In addition, the inclusion of any information on this website should not be construed as an indication that we consider this information to be material or required to be disclosed for the purposes of Canadian securities laws. Despite our efforts, information provided on this website may from time to time be inaccurate or outdated and we do not warrant or make any representations or claims as to the validity, correctness, accuracy, currency, timeliness, completeness or otherwise of the information. Your use of the website is at your own risk. We do not accept any liability for any inaccuracies or omissions on this website and disclaim liability for any failure to update this website or the information or any material document contained on this website. Paramount does not accept liability or responsibility for any claim, damage or loss, whether direct, indirect, special, consequential or otherwise, of any kind arising out of access to, or the use of, this website or the interpretation, use or reliance upon any information contained on it. Furthermore, we will not be liable if, for any reason, all or any part of this website is restricted to users or unavailable at any time. No Advice or Solicitation to Invest The information provided on this website is provided for general information purposes and is not intended to provide advice on any legal, accounting, financial, investing, tax or other matters. You should always consult your own advisors if you have questions about such matters. No information contained on this website should be considered an invitation or solicitation to invest in any offering of securities of Paramount or otherwise deal in the securities of Paramount. Ownership of Material All information and materials provided on this website are owned by Paramount and we reserve all of our rights to intellectual property presented on this website, including all trademarks, copyrights, trade secrets and other proprietary rights. We are granting you a limited right to access the information and materials on this website for your private and personal use only. For the avoidance of doubt, the information and materials on this website may not be used for commercial purposes. You are responsible for obeying all applicable laws, including trademark and copyright laws. You may make copies and downloads of information on this website during your viewing of it and you may print so much of the site as is reasonable for your private and personal use only. All other use is strictly prohibited and shall constitute a breach of these terms and conditions and may constitute an infringement or violation of the rights of the property owner. Forward-Looking Information Some of the information provided on this website is forward-looking and deals with future plans, trends and anticipated results or circumstances. Although we believe this forward-looking information is based on reasonable expectations and assumptions as of the date that it is provided, actual results may differ significantly. You should carefully read the cautions respecting forward-looking information that may accompany such information as well as the cautions respecting forward-looking information contained in the filings we have made under Canadian securities laws, including our annual information form, press releases and management’s discussion and analysis. Links to Third Party Sites Paramount is not responsible for any linked third-party website. If you choose to access any such websites, you do so at your own risk. Any link to a third-party website is provided solely for your convenience and Paramount does not make any representation or endorsement respecting the accuracy, condition or functionality of any such website. When visiting such websites, you are subject to any terms and conditions of such third-party website. Other Disclaimers Paramount cannot and does not warrant that files or data available for downloading from the internet or this website will be free of viruses or other destructive code. You are solely and entirely responsible for your use of the website and your computer, internet, and data security. Waiver No failure to exercise, or delay in exercising, any right, remedy, power, or privilege arising from these terms and conditions, warnings and disclaimers operates, or may be construed, as a waiver thereof; and no single or partial exercise of any right, remedy, power, or privilege hereunder precludes any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege. Severability If any term or provision of these terms and conditions, warnings and disclaimers is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of these terms and conditions, warnings and disclaimers or invalidate or render unenforceable such term or provision in any other jurisdiction. Entire Agreement These terms and conditions, warnings and disclaimers shall constitute the sole and entire agreement between you and Paramount regarding the website and supersedes all prior understandings, agreements, representations and warranties, both written and oral, regarding such subject matter. Applicable Law Paramount is based in Alberta. All matters related to the use of this website by you shall be governed by the laws of Alberta and those of Canada applicable therein and the courts of Alberta shall have exclusive jurisdiction with respect to such matters. EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.