December 12, 2022

For Immediate Release

News Release

Circa Announces the

Declaration of a Regular Cash Dividend

Calgary, AB - Circa Enterprises Inc. (CTO-TSXV) (the "Company" or "Circa"), announced today that its Board of Directors has declared a regular semi-annual cash dividend of $0.03 per share on its common shares payable January 18, 2023 to shareholders of record at the close of business January 4, 2023. The Dividend is deemed to be an eligible dividend for purposes of the Income Tax Act (Canada).

About Circa

Circa is a public company with operations in Alberta and Ontario. The outstanding common shares of the Company are listed and trade on the TSX Venture Exchange under the trading symbol CTO. 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 release.

Contact:

Mr. Cory Tamagi

President and CEO

Circa Enterprises Inc.

(403) 258-2011

Mrs. Angela Hulshof VP Finance and CFO Circa Enterprises Inc. (403) 258-2011

E-Mail: investor@circaent.com

Website: www.circaent.com

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Disclaimer

Circa Enterprises Inc. published this content on 03 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2023 16:27:03 UTC.