Cardinal Energy Ltd. announced that Mr. Greg Tisdale has joined its Board of Directors effective January 7. Mr. Tisdale is the Chief Financial Officer of Crescent Point Energy Ltd., a role he has held since 2004. During the past ten years he has managed all aspects of Crescent Point's finances. Mr. Tisdale has worked in the oil and gas industry since 1995 and has served and currently serves on the board of directors of several junior oil and gas companies.

The company also announced that its Board of Directors has approved a current dividend policy of $0.05417 per common share per month for the first quarter of 2014, based on the current economic conditions of its business. Cardinal has declared this dividend to be paid on February 17, 2014, March 17, 2014 and April 15, 2014 to shareholders of record on January 31, 2014, February 28, 2014 and March 31, 2014 with an ex-dividend date of January 29, 2014.