Mr. Brian Paes-Braga reports

NG ENERGY BEGINS COMMISSIONING OF CENTRAL PROCESSING FACILITY AT SINU-9

Further to NG Energy International Corp.'s press release dated Aug. 26, 2024, regarding the completion and commissioning of the 28.3-kilometre pipeline from the central processing facility (CPF) to the Jobo delivery point in the Colombian Natural Gas Transportation System, the company and its working interest partners have received approval from the Agencia Nacional de Hidrocarburos (ANH) for the testing and commencement of early production from the company's Sinu-9 block. As a result, the company has begun commissioning the CPF, with gas from the Brujo-1X well being tested through the system.

Don Sewell, president and a director of NG Energy, commented: "The company would like to thank its partners -- Infraes SAS ESP, CleanEnergy Resources SAS, Surenergy SAS ESP and Union Temporal Sinu-9 -- for their execution on the successful start of the commissioning of this critical infrastructure project."

About NG Energy International Corp.

NG Energy International is a growth-oriented 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 (approximately $8 (U.S.) per million British thermal units) with projected triple-digit production growth over the next two to three years toward a production goal of 200 million cubic feet per day. The company expects to achieve a greater-than-150-per-cent increase in 2024 and has seen a 551-per-cent year-over-year increase in 3P reserves, a 314-per-cent year-over-year increase in 2P reserves and a 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 financing 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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