Mr. Angel Roa reports

LNG ENERGY GROUP INFORMS MATERIAL EVENTS

LNG Energy Group Corp.'s Colombian branch has emerged from the Proceso de Recuperacion Empresarial (PRES), as regulated under Colombia Law 2437 of 2024, for insolvency protection, with a reorganization agreement that has been approved by more than 70 per cent of all credit categories, including over 90-per-cent employee support. The Colombian branch was additionally admitted to judicial validation of the agreement before the Superintendencia de Sociedades (the Superintendency of Corporations) on Oct. 23, 2025. The agreement contemplates a staggered repayment schedule, starting on the date of final judicial validation, of the different credit classes over 39 quarters (final maturity around 2034), with allowance for accelerated payments, should this be a possibility. Admittance to judicial validation of the agreement grants the company's Colombian branch the continuity of the protections provided by the PRES.

The company would like to announce the settlement of $10,725,641 (U.S.) in outstanding debt with Lewis Energy Group. This obligation originated from the share purchase agreement and the sale and purchase agreement -- additional assets -- entered on Aug. 15, 2023. The original debt totalled $19,115,414 (U.S.), of which $8,389,773 (U.S.) had been repaid. The outstanding balance owed was settled in lieu of seizure through LNG's enforcement of the collateral rights and first security established in the APA, resulting in the transfer of the additional assets, Rig 16, Rig 22, Rig 6 and various yellow iron equipment. The additional assets were valued by a third party appraiser in October, 2023, and were recorded on the September, 2025, trial balance sheet of the company at a net book value of $7,354,416 (U.S.).

The company expects to announce additional results of the strategic review process as LNG Energy Group continues to execute initiatives to enhance its liquidity position, optimize costs, reduce financial obligations and stabilize natural gas production.

Operational update

The company's average daily production in third quarter and year to date was 9.2 million cubic feet per day and 11.9 MMcf/d, respectively, and realized sales prices were $10.70 (U.S.) per thousand cubic feet and $9.80 (U.S.) per Mcf in Q3 and year to date, respectively. The productivity on some of the wells has declined due to several subsurface factors preliminarily identified that do not seem to have impacted the original gas in place. The company continues evaluating and taking actions to enhance value.

Cease trade order

The failure-to-file cease trade orders in multiple jurisdictions continues, and the company is working to file the company's annual audited financial statements for the fiscal year ended Dec. 31, 2024, the related management's discussion and analysis, and the chief executive officer and 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. 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.

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.