Parkland Corporation ('Parkland') (TSX: PKI) announces that a dividend of $0.1012 per share will be paid on December 15, 2020 to shareholders of record on November 20, 2020.

The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is November 19, 2020.

Enhanced Dividend Reinvestment Plan Parkland's enhanced Dividend Reinvestment Plan ('Enhanced DRIP') allows shareholders to reinvest their cash dividends to purchase additional Parkland shares from treasury at a 5% per share discount to the average of the daily volume weighted average trading prices during the Pricing Period.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, 'forward looking statements'). When used in this news release, the words 'expect'', ''will'', ''could'', ''would'', 'well positioned,' ''pursue'' and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the uses by Parkland of the amount of cash dividends that are reinvested by shareholders in the Enhanced DRIP.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to: failure to achieve the anticipated benefits of acquisitions, general economic, market and business conditions, industry capacity, competitive action by other companies, refining and marketing margins, the ability of suppliers to meet commitments, actions by governmental authorities and other regulators including increases in taxes, changes and developments in environmental and other regulations, and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings 'Cautionary Statement Regarding Forward-Looking Information' and 'Risk Factors' in Parkland's current Annual Information Form, and under the headings 'Forward-Looking Information' and 'Risk Factors' in Parkland's Management's Discussion and Analysis for the most recently completed financial period, each as filed on SEDAR and available on Parkland's website at www.parkland.ca.

About Parkland Corporation

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Contact:

Tel: 403-567-2573

Email: Leroy.McKinnon@parkland.ca

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