OKLAHOMA CITY, Jan. 11, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE:REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.34 per share. The dividend is payable on February 8, 2023 to stockholders of record as of the close of business on January 25, 2023. This marks the 16^th consecutive quarter that the Company has distributed a dividend to its common shareholders.

About Riley Exploration Permian, Inc.

Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.

Investor Contact:

Rick D'Angelo

405-438-0126

IR@rileypermian.com

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SOURCE Riley Exploration Permian, Inc.

Riley Permian Declares Quarterly Cash Dividend