FOR IMMEDIATE RELEASE

CALGARY, Alberta (November 4, 2020) - Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors declared a quarterly dividend of five cents (C$0.05) per share on the company's common shares. The dividend will be paid on December 30, 2020 to shareholders of record at the close of business on December 16, 2020.

Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be 'eligible' dividends.

Pason Systems Inc.
Pason Systems Inc. is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office. Pason's common shares trade on the Toronto Stock Exchange under the symbol PSI.

For more information about Pason Systems Inc., visit the company's website at www.pason.com or contact .

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Pason Systems Inc. published this content on 04 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2020 22:05:06 UTC