Mr. Gil Holzman reports

ECO (ATLANTIC) OIL AND GAS LTD. ANNOUNCES NOTICE OF ANNUAL GENERAL MEETING UPDATE

Eco (Atlantic) Oil & Gas Ltd., further to its news release on Oct. 22, 2024, has posted to shareholders a formal notice of annual and special meeting, management information circular and related materials.

The meeting is to be held at 10 a.m. Toronto time on Dec. 27, 2024. Due to a continuing Canada Post strike, mailing of the meeting materials for the meeting may be delayed and there can be no assurance that they will be delivered prior to the meeting but are available on-line. Shareholders are encouraged to access the meeting materials ahead of the meeting. Copies of the meeting materials are available on the company's website.

If you have any questions about the procedures required to qualify to vote at the meeting or about obtaining, completing and depositing the required form of proxy, contact TSX Trust Company by telephone at 1-866-600-5869 or by e-mail at TMXEInvestorServices@tmx.com. Control numbers may be requested by registered and non-objecting beneficial owner shareholders. Objecting beneficial holders may contact their broker in order to obtain their control number to vote.

About Eco (Atlantic) Oil & Gas Ltd.

Eco (Atlantic) is a TSX Venture Exchange- and Alternative Investment Market-quoted Atlantic-margin-focused oil and gas exploration company with offshore licence interests in Guyana, Namibia, and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low-carbon-intensity oil and gas in stable emerging markets close to infrastructure.

Offshore Guyana, in the proven Guyana-Suriname basin, the company operates a 100-per-cent working interest in the 1,354-square-kilometre Orinduik block. In Namibia, the company holds operatorship and an 85-per-cent working interest in four offshore petroleum licences: PELs 97, 98, 99 and 100, representing a combined area of 28,593 square kilometres in the Walvis basin. Offshore South Africa, Eco holds a 6.25-per-cent working interest in block 3B/4B and, pending government approval, a 75-per-cent operated interest in block 1, in the Orange basin, totalling approximately 37,510 square kilometres.