Mr. James Hill reports

MCF ENERGY GRADUATES TO OTCQX

MCF Energy Ltd.'s common shares have qualified to trade on the OTCQX Best Market, graduating from the Pink market. MCF Energy will commence trading tomorrow, March 24, 2023, on OTCQX under the symbol MCFNF. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company at the OTC's website.

James Hill, chief executive officer of MCF Energy, stated: "We are pleased to commence trading on the OTCQX Market, the premier tier of the OTC Market, as we remain focused on delivering large-scale natural gas exploration for Europe's energy security. Graduating to the OTCQX helps a broader audience of investors access information about our company and trade our shares. To qualify for OTCQX, firms must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. We are grateful to Securities Law USA, PLLC for acting as our sponsor in this endeavour."

About MCF Energy Ltd.

MCF Energy was established in 2022 by leading energy executives to strengthen Europe's energy security through responsible exploration and development of natural gas resources within the region. It has secured interests in two significant natural gas exploration projects in Austria and Germany and is evaluating additional opportunities. The company's leaders have extensive experience in the European energy sector and are working to develop a cleaner, cheaper and more secure natural gas industry as a transition to renewable energy sources.

We seek Safe Harbor.