Mr. Anthony Marino reports

TENAZ ENERGY CORP. ANNOUNCES CLOSING OF NETHERLANDS ACQUISITION

Tenaz Energy Corp. has closed the previously announced acquisition of 100 per cent of the shares of XTO Netherlands Ltd. from XH LLC, a wholly owned subsidiary of ExxonMobil Corp. For further information on the acquisition, please see the news release dated June 27, 2023, or go to the Tenaz website.

About Tenaz Energy Corp.

Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands natural gas assets are located in the Dutch sector of the North Sea.