Mr. Dan Sutton reports

SYNTHOLENE ENERGY ANNOUNCES CO-LISTING IN THE UNITED STATES ON OTCQB MARKET UNDER SYMBOL SYNTF

Syntholene Energy Corp.'s common shares have been approved for quotation and have commenced trading on the OTCQB Venture Market in the United States under the trading symbol SYNTF. The OTCQB co-listing is intended to broaden the company's U.S. investor audience and increase visibility within the world's largest aviation fuel, capital markets and energy infrastructure ecosystem.

The OTCQB Venture Market, operated by OTC Markets Group Inc., is a recognized public market in the United States designed for early stage and developing companies that meet verified reporting and compliance standards. The company's primary listing remains on the TSX Venture Exchange under the symbol ESAF.

"Establishing a U.S. trading presence on the OTCQB is a strategically important step for Syntholene," stated Syntholene chief executive officer Dan Sutton. "The United States represents the largest aviation market globally and a core center of capital formation for energy and infrastructure investment. Providing U.S. investors with direct access to our shares aligns our capital markets strategy with the jurisdictions driving both demand growth and project financing for synthetic fuels. We view this co-listing as a natural extension of our TSX Venture Exchange and Frankfurt listings, as well as an important foundation for long-term engagement with U.S. institutional, strategic and retail investors."

Syntholene believes the OTCQB quotation enhances the company's visibility and accessibility in the United States at a time when policy support for sustainable aviation fuel and synthetic fuels is accelerating. U.S. federal and state initiatives, including tax credits, grant programs and offtake support mechanisms under the Inflation Reduction Act and related Department of Energy and Department of Transportation programs, are driving increased investment into next-generation fuel production infrastructure.

About Syntholene Energy Corp.

Syntholene is actively commercializing its novel hybrid thermal production system for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70-per-cent lower cost than the nearest competing technology today. The company's mission is to deliver the world's first truly high performance, low-cost and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene's power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20 megawatts of dedicated energy to support the company's upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral e-fuels across global markets.

We seek Safe Harbor.