Mr. Brian Paes-Braga 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, 2025, 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 six;
• Electing Brian Paes-Braga, Brian T. O'Neill, Don Sewell, Humberto Calderon Berti, Patricia Herrera Paba and Ronald Pantin 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;
• Approving certain amendments to the company's restricted share unit and deferred share unit compensation plan.

A total of 162,499,544 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. 5, 2024, which is available on the company's SEDAR+ profile.

About NG Energy International Corp.

NG Energy 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 the Americas, 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 unit (mmBtu)) with projected triple-digit production growth over the next two to three years towards a production goal of 200 million cubic feet per day (mmcf/d). The company expects to achieve a production increase of more than 150 per cent exiting 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 32 per cent of the company. For more information, please visit SEDAR+ and the company's website.

We seek Safe Harbor.