Mr. David Tawil reports

CENTAURUS ENERGY INC. ANNOUNCES 2022 FOURTH QUARTER FINANCIAL RESULTS AND OPERATIONAL UPDATE

Centaurus Energy Inc. has released its financial and operating results for the 12 months ended Dec. 31, 2022. (All dollar figures are expressed in U.S. dollars.)

Centaurus's chief executive officer, David Tawil, commented, "With the closing of the Gasener transaction, Centaurus Energy is focused on managing the future proceeds from the PAE ORRI, totalling $16-million (U.S.), which may include investment in new endeavours and/or capital returns, and on realizing value for shareholders from the company's organizational assets and net operating loss carry forwards."

Summary financial and operational results

Selected information is outlined herein and should be read in conjunction with Centaurus's audited condensed consolidated financial statements for the three and 12 months ended Dec. 31, 2022, and the associated management's discussion and analysis, which are available for review under the company's profile at SEDAR and on the company's website. The information has been prepared by management of Centaurus and is audited.

In light of the proposed transactions previously announced by the company, the company will not be holding an investor conference call to discuss these financial results.

About Centaurus Energy Inc.

Centaurus is an independent upstream oil and gas company. The company's shares trade on the TSX Venture Exchange under the symbol CTA and on the OTC Pink Market under the symbol CTARF.

We seek Safe Harbor.