Mr. Don Sewell reports

NG ENERGY ANNOUNCES COMMISSIONING OF 28.3KM PIPELINE AT SINU-9 BY ITS PARTNERS INFRAES AND KRONOS

NG Energy International Corp. has commissioned the 28.3-kilometre pipeline from Jobo to the Brujo central processing facility (CPF) at Sinu-9 by its partners Infraes and Kronos. The permitting, engineering, procurement and construction to commissioning of this pipeline project has taken place over nine months and is the result of the tireless efforts of its partners at Infraes and Kronos, as well as the community's accommodation in Cordoba to bring this greenfield project to life. The commissioning of this pipeline marks a significant milestone in the company's mission of bringing natural gas to the national transportation system from one of the most prolific onshore natural gas discoveries in Colombia in the last 20 years.

Hugo Giraldo, chief executive officer of Infraes, commented: "As we celebrate this significant milestone together, I'd like to acknowledge that our collaboration with NG Energy on phase 1 of the Sinu-9 project has fostered a strong foundation of trust. We're looking forward to a long-term collaboration with NG Energy on this first phase and future phases that will significantly contribute to urgently addressing Colombia's current gas supply challenges."

Sinu-9 development update

Over the last three weeks, the company and its partners have completed the following:

• The successful completion of the Brujo-1x well;
• Completion of the construction of the 28.3 km pipeline from the CPF to Jobo;
• Delivery of vital equipment including treatment plant and compressors;
• Began the commissioning of the pipeline with natural gas tests;
• Continued electrical and mechanical work critical for full commercial operations of the CPF.

Don Sewell, president and a director of NG Energy, commented: "I am pleased to see everyone involved with this critical transition energy project come together and execute over the last three weeks, highlighted by the successful delivery and mobilization of vital equipment, including the treatment plant and two compressors as the company enters the commissioning phase of our phase 1 infrastructure project at Sinu-9. The team has worked hard to co-ordinate all 14 partners and contractors to ensure a safe and successful commissioning of the full commercial operation at the CPF. After this week's continued standard safety testing for the pipeline, we expect to start gas sales by the first week of September, with a gradual safe and steady ramp-up to full production by the end of September."

Appointment of vice-president, operations

The company is pleased to announce the appointment of Leonardo Chavez as vice-president of operations, as part of the company's human resource strategy as it executes the successful completion of phase 1 and enters phase 2 at Sinu-9, along with evaluating production optimization and growth opportunities at Maria Conchita.

Mr. Chavez brings over 23 years of experience in the oil and natural gas industry, with a background that includes serving as chief operating officer for Bond Energy Solutions in Colombia and a 19-year tenure at Schlumberger, where he held various leadership positions such as sales and marketing manager for Colombia, Peru and Ecuador, operations manager for Latin America North, and other key roles. Mr. Chavez holds a degree in mechanical engineering from Universidad Simon Bolivar in Caracas, Venezuela, and two executive MBAs from Mannheim Business School in Germany and ESSEC Business School in France.

Brian Paes-Braga, chairman and CEO of NG Energy, commented: "This marks a historic day for NG Energy, our shareholders and for all Colombians as our partners commission the long anticipated 28.3-kilometre pipeline that will alone represent 4 per cent of Colombia's current gas needs. I want to personally thank Hugo from Infraes, our partners at Kronos and their remarkable teams, as well as our entire team, for working tirelessly throughout the summer to complete phase 1, which represents the first gateway to bringing our desperately needed transition fuel to the Colombian market from our two major discoveries at Brujo and Magico on the world class Sinu-9 concession. Q3 will be a turning point for our company as we ramp up production at Sinu-9 from phase 1 and set our sights on continued industry-leading organic growth as part of our mission to be Colombia's natural gas champion."

Mr. Paes-Braga continued: "I want to personally welcome Leonardo to the NG team. Leonardo's impressive track record operationally in the energy sector, combined with his deep understanding of Latin American markets, makes him an exceptional addition to our team. We are fortunate to have him join us as he focuses his attention on working closely with our exploration team in executing our development program, as well as further optimizing our production and development operations, as we enter our next phase at Sinu-9 and as a business where operational excellence becomes a key factor in sustainable value creation."

About NG Energy International Corp.

NG Energy International is a growth-orientated natural gas exploration and production company focused on delivering long-term shareholder and stakeholder value through the discovery, delineation and development of large-scale natural gas fields in developing countries, supporting energy transition and economic growth. NG Energy's team has extensive technical and capital markets expertise with a proven record of building companies and creating significant value in South America. In Colombia, the company is executing on this mission with a rapidly growing production base and an industry-leading growth trajectory, delivering natural gas into the premium-priced Colombian marketplace with projected triple digit production growth over the next two to three years toward a production goal of 200 MMcf/d (million cubic feet per day). The company expects to achieve over 150-per-cent increase in 2024 and has seen a 551-per-cent year-over-year increase in 3P reserves, 314-per-cent year-over-year increase in 2P reserves and 241-per-cent increase in 1P reserves. To date, over $100-million (U.S.) has been invested in the exploration and development of Sinu-9 and Maria Conchita with significant contributions from insiders who currently own approximately 34 per cent of the company. Recently, Macquarie Group provided financing of up to $100-million (U.S.), including initial committed funding of $50-million (U.S.), resulting in a fully financed 2024/2025 development plan and aligning NG Energy with a global financial institution.

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