Mr. Gil Holzman reports

ECO ATLANTIC RESPECTFULLY ANNOUNCES THE PASSING OF COLIN KINLEY

Eco (Atlantic) Oil & Gas Ltd. has suffered the sudden passing of Colin Kinley, a board member and chief operating officer of Eco Atlantic. The board and company express their sincere condolences to Karen, Cooper and Claire, and their extended family and friends.

Mr. Kinley had a distinguished career over more than 45 years in the mining and oil and gas frontier exploration industries. In addition to his co-founding role with Eco, and the wealth of knowledge and experience he has brought to the company over the years, he has served as a valued director and senior executive of a number of publicly quoted companies, including Coro Mining, Marimaca Copper Corp. and Gunnison Copper, as well as leading his own teams as chief executive officer and president at Kinley Exploration LLC and Jet Mining Pty. LLC.

Effective immediately Gil Holzman and Alice Carroll will assume all responsibilities over Eco's operational and technical teams and the company's country managers will report directly to the CEO.

Mr. Holzman, president and CEO of Eco Atlantic, commented:

"Colin's broad experience across both the oil & gas and mining sectors, as well as his unique personality and entrepreneurial spirit, made him a special asset to the natural resources industry. Above all and first and foremost, he was a dear friend of mine, who will be sorely missed by the entire Eco Atlantic Group."

About Eco (Atlantic) Oil & Gas Ltd.

Eco Atlantic is an oil and gas exploration company with offshore licence interests in Guyana, Namibia and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low-carbon-intensity oil and gas in stable emerging markets close to infrastructure.