Mr. Serafino Iacono reports

NG ENERGY ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

All of the resolutions considered at NG Energy International Corp.'s annual general and special meeting of shareholders held on Jan. 15, 2024, were approved by the company's shareholders.

At the meeting, the company's shareholders approved resolutions:

• Fixing the number of directors comprising the company's board of directors for the ensuing year at eight;
• Electing Brian Paes-Braga, Brian T. O'Neill, Don Sewell, Federico Restrepo-Solano, Humberto Calderon Berti, Patricia Herrera Paba, Ronald Pantin and Serafino Iacono as directors of the company, to hold office until the close of the next annual meeting of shareholders or until their successors are elected or appointed;
• Appointing PricewaterhouseCoopers LLP as the auditor of the company for the ensuring year and authorizing the board to fix the remuneration of the auditor;
• Reapproving the company's incentive stock option plan;
• Reapproving the company's restricted share unit and deferred share unit plan.

A total of 54,834,013 common shares were voted in connection with the election of the directors as shown in the attached table.

The resolutions voted on at the meeting are described in more detail in the company's management information circular, dated Dec. 7, 2023, which is available on the company's SEDAR+ profile.

About NG Energy International Corp.

NG Energy International is a natural gas exploration and production company with operations in Colombia. The company is on a mission to discover, delineate and develop meaningful natural gas fields in developing counties to support energy transition and economic growth. In Colombia, the company is executing on this mission with a rapidly growing production base that is being delivered to the premium-priced Colombian market. NG Energy's team has extensive technical expertise and a proven record of building companies and creating value in South America.

We seek Safe Harbor.