Mr. Marshall Abbott reports

ARROW ANNOUNCES FILING OF AGM MATERIALS

Arrow Exploration Corp. has released materials related to the annual and special meeting of shareholders (AGSM) to be held on Sept. 20, 2023, at 10 a.m. MT have been filed, fulfilling all related regulatory requirements.

Materials for the annual and special meeting of shareholders will be mailed no later than Aug. 18, 2023, to Arrow Exploration shareholders of record as at Aug. 1, 2023. The materials related to the annual and special meeting of shareholders are also available on SEDAR+ and the company's website.

About Arrow Exploration Corp.

Arrow Exploration (operating in Colombia through a branch of its 100-per-cent-owned subsidiary Carrao Energy SA) is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, underexplored and offer high potential growth. The company's business plan is to expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo basins. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. By way of a private commercial contract with the recognized interest holder before Ecopetrol SA, Arrow is entitled to receive 50 per cent of the production from the Tapir block. The formal assignment to the company is subject to Ecopetrol's consent. Arrow's seasoned team is led by a hands-on executive team supported by an experienced board.

We seek Safe Harbor.