Mr. Angel Roa reports

LNG ENERGY GROUP INFORMS MATERIAL EVENTS

LNG Energy Group Corp.'s Failure-to-File Cease Trade Orders in Multiple Jurisdictions (FFTCO) continues and the company expects to file its annual audited financial statements for the fiscal year ended Dec. 31, 2024, the related management's discussion and analysis, and the CEO (chief executive officer) and CFO (chief financial officer) certificates relating to the audited annual financial statements as required by National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings for the fiscal year ended Dec. 31, 2024, within the time frame granted by the Ontario Securities Commission (the OSC). Such filings will constitute the company's application to have the FFCTO revoked. There can be no assurance that the FFCTO will be revoked on the timeline contemplated by the company.

As part of the strategic review process the company announced on Dec. 4, 2024, the company has contemplated with its financial and legal advisers a number of alternatives including financings, corporate reorganization, strategic partnerships, acquisitions, assets spinoffs and/or farm-outs, sale, and other forms of business combination. As part of this process, the company has decided to terminate the long-term gas sales agreements in place, and it will evaluate natural gas marketing alternatives more in tune with its current sales volumes and present market conditions. Lenders under the credit agreement have notified the company of an event of default under its credit agreement, and LNG Energy Group and the lenders are in conversations about the situation. The company's Colombian branch applied for admittance into the Proceso de Recuperacion Empresarial (PRES) as regulated under the Colombia Law 2437 of 2024, for insolvency protection, which should result in operations optimization and renegotiation of obligations with suppliers and other parties.

LNG Energy Group continues with its initiatives to stabilize natural gas production, optimize costs and enhance its liquidity position. The company expects to announce soon the results of this comprehensive strategic review process.

About LNG Energy Group Corp.

The company is focused on the acquisition and development of natural gas production and exploration assets in Latin America.

We seek Safe Harbor.