TSX: POU $22.24 CHANGE 0.03 VOLUME 168,582 Grande Prairie Region The primary focus in the Grande Prairie Region is the Karr and Wapiti Montney properties, located southeast of Grande Prairie, Alberta, in the over-pressured, liquids-rich Deep Basin Montney trend. As at December 31, 2020, Paramount had approximately 255,000 gross (175,000 net) acres of land in the Grande Prairie Region, including approximately 98,000 net acres of Montney rights and approximately 65,000 net acres of Deep Basin Cretaceous rights, which partially overlap the Montney rights. Sales volumes for this Region averaged 54,586 Boe/d in the third quarter of 2021 (comprised of 145.8 MMcf/d of shale gas, 2.2 MMcf/d of conventional natural gas, 29,913 Bbl/d of NGLs and 9 Bbl/d of crude oil). 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 CAREERS Paramount is dynamic, fast-paced and unsatisfied with the status quo. A combination of focused approach, technical expertise and financial depth has propelled us to being one of the top exploration and production companies in Canada. While our continued progress can be attributed to many factors, our people are the primary reason for Paramount’s success. Our premium land positions, diversified portfolio and financial flexibility set the stage for our talented teams to showcase their proven ability to deliver top-tier results. We’re a Canadian company based in Calgary, Alberta and our shares trade on the Toronto Stock Exchange under the symbol POU. Current Opportunities EMERGENCY CONTACT 1-866-362-1138 © 2021 Paramount Resources Ltd. Privacy / Legal created by nonfiction studios inc.