Mr. Corey Ruttan reports

ALVOPETRO ANNOUNCES MAY 2023 SALES VOLUMES

Alvopetro Energy Ltd. had May, 2023, average sales volumes of 1,888 boepd (barrels of oil equivalent per day), including natural gas sales of 10.7 MMcfpd (million cubic feet per day), associated natural gas liquids sales from condensate of 94 bopd, and oil sales of nine bopd, based on field estimates.

Corporate presentation

Alvopetro's updated corporate presentation is available on the company's website.

About Alvopetro Energy Ltd.

Alvopetro Energy's vision is to become a leading independent upstream and midstream operator in Brazil. The company's strategy is to unlock the on-shore natural gas potential in the state of Bahia in Brazil, building off the development of the company's Cabure natural gas field and its strategic mid-stream infrastructure.

We seek Safe Harbor.