Mr. Craig Steinke reports

BLUENERGIES PROVIDES DETAILS OF INVESTOR RELATIONS ENGAGEMENTS

Bluenergies Ltd., further to its news releases dated March 16, 2026, and April 27, 2026, and at the request of the TSX Venture Exchange, is providing the following clarification with respect to its investor relations engagements.

Agreement with Doug Allen

The company advises that at the time of entering into the consulting agreement with Mr. Allen, Mr. Allen held 30,000 common shares of the company. Following the expiration of the initial one-year term, Mr. Allen's agreement with the company will automatically renew on a month-to-month basis on the same compensation terms, unless earlier terminated in accordance with its provisions.

Agreement with Curzio Research Inc.

The company advises that at the time of entering into the agreement with Curzio Research, Frank Curzio held no securities of the company. Services under the Curzio agreement will be provided solely by Mr. Curzio.

Agreement with Independent Trading Group (ITG) Inc. (ITG)

In connection with the company's market-making agreement with ITG, ITG and not the company will be providing the shares and/or funds for the services.

The company will not be issuing any shares or funds from treasury in connection with the ITG agreement. Pursuant to the terms of the ITG agreement, a monthly fee for services in the amount of $6,000 is paid by the company to ITG on the first day of every month for the duration of the agreement. The company has also made a $6,000 payment for the last month of services.

Agreement with Granite Point Research Inc.

The company advises that at the time of entering into the agreement with Granite Point Research, John Stephenson did not hold any securities of the company.

About Bluenergies Ltd.

Bluenergies is a Canadian-based oil and gas exploration and development company focused on offshore West Africa. The company has recently partnered with TotalEnergies to explore its basin floor fan plays in blocks LB-26, LB-30 and LB-31, covering an area of approximately 8,924 square kilometres (approximately 2.2 million acres), located in the Harper basin, in the deepwater offshore Liberia. Additionally, the company recently acquired a previously discovered and tested sand channel play offshore Louisiana in the shallow-water Gulf of America.

We seek Safe Harbor.