JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the Common Shares, $0.01 par value per share, of California Resources Corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

EXECUTED as of this 6^th day of November, 2020.

	GOLDENTREE ASSET MANAGEMENT LP

	By: GoldenTree Asset Management LLC, its general partner

	/s/ Steven A. Tananbaum
	By: Steven A. Tananbaum
	Title: Managing Member

	GOLDENTREE ASSET MANAGEMENT LLC

	/s/ Steven A. Tananbaum
	By: Steven A. Tananbaum
	Title: Managing Member

	STEVEN A. TANANBAUM

	/s/ Steven A. Tananbaum
	Steven A. Tananbaum

	GOLDENTREE DISTRESSED MASTER FUND III LTD

	By: GoldenTree Asset Management LP, its investment advisor

	/s/ Steven A. Tananbaum
	By: Steven A. Tananbaum
	Title: Authorized Person