Mr. Jim Hill reports

MCF ENERGY ANNOUNCES NONBROKERED PRIVATE PLACEMENT

MCF Energy Ltd. has arranged a non-brokered private placement for aggregate gross proceeds of $2.5-million. The offering will consist of 16,666,667 units at a price of 15 cents per unit. Each unit will consist of one common share and one full common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of 16 cents for a period of 24 months from the date of issuance.

The completion of the offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period.

In connection with the offering, the company may pay finders' fees of up to 6 per cent of the gross proceeds raised by the company from the sale of units to subscribers directly introduced to the company by eligible finders. In addition, the company may issue to eligible finders non-transferable finders' warrants of up to 6 per cent of the number of units sold in the offering. Each finder's warrant will entitle the holder to acquire one share at a price of 16 cents for a period of 24 months from the date of issuance.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

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. The company has secured interests in several significant natural gas exploration projects in Austria and Germany, with additional concession applications pending. MCF Energy is also evaluating additional opportunities throughout Europe. 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.