Cardinal Energy Ltd. Confirms Monthly Dividend for July

Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) confirms that a
dividend of $0.05417 per common share will be paid on August 15, 2014 to
shareholders of record on July 31, 2014 with an ex-dividend date of July 29,
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. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cardinal Energy Ltd.
M. Scott Ratushny
Chief Executive Officer and Chairman
[phone]


Cardinal Energy Ltd.
Douglas Smith
Chief Financial Officer
[phone]


Cardinal Energy Ltd.
[phone]
[phone] (FAX)
[e-mail]