SYS-CON MEDIA Authors: Liz McMillan, Elizabeth White, Ed Featherston, Kevin Benedict, Adrian Bridgwater

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Cardinal Energy Ltd. Confirms Monthly Dividend for March

CALGARY, ALBERTA -- (Marketwired) -- 03/12/14 -- Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) confirms that a dividend of $0.05417 per common share will be paid on April 15, 2014 to shareholders of record on March 31, 2014 with an ex-dividend date of March 27, 2014. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

About Cardinal Energy Ltd.

Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal's operations are focused in all season access areas in Alberta. Cardinal's common shares are listed on the Toronto Stock Exchange under the symbol "CJ".

Forward Looking Statements

This press release contains forward looking statements relating to Cardinal's expected events including the amount and the timing of payment of future dividends. The reader is cautioned that forward looking statements are subject to risks, uncertainties and assumptions which Cardinal believes are reasonable at the time they were made. There can be no assurance that such expectations will prove to be correct. Risks could affect our future results and could cause results to differ materially from those expressed in the forward looking statements.

Contacts:
Cardinal Energy Ltd.
M. Scott Ratushny
Chief Executive Officer and Chairman
(403) 216-2706

Cardinal Energy Ltd.
Douglas Smith
Chief Financial Officer
(403) 216-2709

Cardinal Energy Ltd.
Suite 1400, 440 - 2nd Avenue S.W.
Calgary, Alberta T2P 5E9
(403) 234-8681
(403) 234-0603 (FAX)

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