Parex Resources Inc. announced the implementation of a quarterly dividend program with respect to its common shares. The Board of Directors has approved the initiation of a dividend program pursuant to which the Company expects to pay a regular quarterly cash dividend. If declared, the quarterly dividend is expected to be paid in each of March, June, September and December of each year. The Board has approved the payment of a dividend for the third quarter of 2021 in the amount of CAD 0.125 per Common Share, which will be payable on September 30, 2021 to shareholders of record as of September 15, 2021.