GlobeNewswire Inc | Mar 1, 2021 06:27PM EST

March 01, 2021

CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (Baytex) (TSX:BTE) announces the filing of its Annual Information Form for the year ended December31, 2020 (the AIF) with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval (SEDAR). In addition, Baytex has filed its Annual Report on Form 40-F for the year ended December 31, 2020, which includes the AIF, with the U.S. Securities and Exchange Commission on the Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. The AIF contains reserves data and other oil and gas information as required by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators.

On February 24, 2021, Baytex also filed its Audited Consolidated Financial Statements for the year ended December 31, 2020 and related Managements Discussion and Analysis on both SEDAR and EDGAR.

An electronic copy of each document may be obtained on Baytexs website at www.baytexenergy.com, on Baytexs SEDAR profile at www.sedar.com and on Baytexs EDGAR profile at. www.sec.gov/edgar.shtml. A printed copy of these documents is available, free of charge, by contacting Investor Relations at the toll free number listed below or on request through our website.

Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Approximately 81% of Baytexs production is weighted toward crude oil and natural gas liquids. Baytexs common shares trade on the Toronto Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at www.baytexenergy.com or contact:

Brian Ector, Vice President, Capital Markets

Toll Free Number: 1-800-524-5521Email: investor@baytexenergy.com