Mr. Robert Bose reports

SINTANA ENERGY INC. ANNOUNCES GRANT OF RESTRICTED SHARE UNITS AND ISSUE OF SHARES

Sintana Energy Inc.'s board of directors has approved the grant of a total of 7.25 million restricted share units (RSUs) to several directors and service providers of the company.

In addition, the company announces that it has received a notice of exercise in respect of stock options over 400,000 common shares of no-par value each in the company. The company is also issuing an aggregate of 2.6 million common shares upon the conversion of RSUs.

The persons discharging managerial responsibilities (PDMRs) who have exercised stock options and/or converted RSUs into common shares are as follows.

Total voting rights

Application has been made for admission to trading on the AIM (Alternative Investment Market) of a total of three million new common shares of no par value. Admission is expected on Jan. 7, 2025. On admission, the new common shares will rank pari passu with the company's existing common shares. Following admission, the company's issued share capital will consist of 513,356,240 common shares, with each common share carrying the right to one vote. The company does not hold any common shares in treasury.

This figure of 513,356,240 common shares may therefore be used by shareholders in the company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the company under the FCA's (Financial Conduct Authority) disclosure guidance and transparency rules.

About Sintana Energy Inc.

Sintana, the Canadian parent company of a group of companies, is focused on the acquisition, exploration, potential development and ultimately the monetization of a diversified portfolio of interests in high-impact assets with significant hydrocarbon resource potential in emerging frontier geographies. Specifically, this includes interests in eight licences in two countries, Namibia and Uruguay, as well as a pending indirect interest in a licence in Angola (and legacy assets in Colombia and the Bahamas), providing diversified exposure to a range of geologic plays, basins, operators, regulators, jurisdictions and geopolitical regimes.

We seek Safe Harbor.