Mr. Craig Steinke reports

BLUENERGIES ANNOUNCES CEO TRANSITION

Craig Steinke has been appointed as chief executive officer and as a director of Bluenergies Ltd., effective immediately. Mr. Steinke succeeds James Deckelman as CEO and director, following Mr. Deckelman's resignation from these roles for personal reasons, which the company accepted effective today.

The company would like to thank Mr. Deckelman for his service and contributions to the company during the previously announced go-public transaction with Canadian Global Energy Corp., helping to position the company for continued success. The company wishes Mr. Deckelman all the best in his future endeavours.

The company has full confidence in Mr. Steinke to serve Bluenergies as its CEO and as a director in order to deliver value to its shareholders. Mr. Steinke has a wealth of experience in identifying, successfully developing and financing oil and natural gas exploration and production projects in North America, Africa, Latin America, Europe and Asia, and has successfully held numerous senior executive roles throughout his career.

Leading up to Bluenergies obtaining its approximately 2.2-million-acre reconnaissance licences in the Harper basin, offshore Liberia, the company began operations as a private entity in September, 2021. Mr. Steinke, together with long-time partners, guided the company through a thorough, pro-active and technology-driven selection process, privately financing its growth prior to the recent go-public transaction.

The company is assured that Mr. Steinke's knowledge of its assets and extensive leadership experience in international oil and gas exploration and development will be instrumental in the continued growth and success of the company.

About Bluenergies Ltd.

Bluenergies is Canadian-based international oil and gas exploration and development company with a focus on operations in the Harper basin offshore Liberia.

We seek Safe Harbor.