Obsidian Energy Provides Annual General Meeting Update and Webcast Details

A question and answer session will be held following the presentation. If you wish to submit a question to the Company, participants can do so through the webcast portal, or by emailing questions ahead time to [email protected][3].

A recording will be available for replay two hours after the call’s completion and will remain available until August 6, 2020. To listen to the replay, please dial 416-764-8677 or 1-888-390-0541 (toll-free) and enter replay code 047571, followed by the pound (#) key.

Second Quarter 2020 Results Date

Obsidian Energy is expected to release its second quarter 2020 financial and operational results before North American markets open on Thursday, July 30, 2020. In addition, the second quarter management’s discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com[4], on SEDAR at www.sedar.com[5], and on EDGAR at www.sec.gov[6] on or about the same date.

SOURCE Obsidian Energy Ltd.

For further information: OBSIDIAN ENERGY: Suite 200, 207 – 9th Avenue SW, Calgary, Alberta T2P 1K3, Phone: 403-777-2500, Fax: 403-777-2699, Toll Free: 1-866-693-2707, Website: www.obsidianenergy.com; Investor Relations: Toll Free: 1-888-770-2633, E-mail: [email protected][7]

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