Mr. Brian Paes-Braga reports

NG ENERGY ANNOUNCES ANH APPROVAL FOR SINU-9 TRANSACTIONS

Further to NG Energy International Corp.'s news releases dated Jan. 20, 2025, Feb. 10, 2025, and July 3, 2025, today it has received the approval of the Colombian National Hydrocarbon Agency (ANH) for:

• Its transaction with Etablissements Maurel & Prom S.A. for the sale of a 40-per-cent working interest and operatorship of the Sinu-9 block for total cash consideration of $150-million (U.S.) (the M&P transaction);
• Its transactions, together with Maurel & Prom, for the acquisition of a collective 28-per-cent working interest in the Sinu-9 block from the company's minority partners at the Sinu-9 block.

Following receipt of the ANH approval, the company has now received all the necessary regulatory approvals to proceed with completion of the Sinu-9 transactions. The parties will soon proceed toward closing, by completing the remaining customary closing conditions.

Upon closing of the Sinu-9 transactions, the company will hold a 39-per-cent non-operating working interest in the Sinu-9 block, with Maurel & Prom holding a 61-per-cent operating working interest.

Jorge Fonseca, chief executive officer, commented: "With ANH approval received, the last major hurdle to complete the Sinu-9 transactions has been met. We thank the ANH for its support in this transaction and look forward to a pivotal year of development at Sinu-9 as we launch a six-well drilling campaign with our new operating partner Maurel & Prom."

About NG Energy International Corp.

NG Energy International is a growth-orientated natural gas exploration and production company focused on delivering long-term shareholder and stakeholder value through the discovery, delineation and development of large-scale natural gas fields in the Americas, supporting energy transition and economic growth. NGE's team has extensive technical and capital markets expertise with a proven record of building companies and creating significant value in South America. In Colombia, the company is executing on this mission with a rapidly growing production base and an industry-leading growth trajectory, delivering natural gas into the premium-priced Colombian marketplace toward a production goal of 200 MMcf/d (million cubic feet per day). To date, the company has raised over $200-million (U.S.) in debt and equity and has constructed and commissioned three gathering, processing, and treatment facilities and associated pipelines with significant capital contributions from insiders who currently own approximately 32 per cent of the company.

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