Mr. Corey Ruttan reports

ALVOPETRO ANNOUNCES JUNE 2023 SALES VOLUMES

Alvopetro Energy Ltd. had June, 2023, average sales volumes of 2,068 boepd (barrels of oil equivalent per day), including natural gas sales of 11.8 MMcfpd (million cubic feet per day), associated natural gas liquids sales from condensate of 99 bopd and oil sales of six bopd, based on field estimates. Over all, the company's sales volumes averaged 1,975 boepd in the second quarter of 2023.

Corporate presentation

Alvopetro's updated corporate presentation is available on its website.

About Alvopetro Energy Ltd.

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