Mr. Brian Paes-Braga reports

NG ENERGY PROVIDES OPERATIONAL UPDATE

NG Energy International Corp. has provided an update on its recent operational activities at Sinu-9 and Maria Conchita.

Sinu-9

Sinu-9 continues to achieve steady production volumes over 12 million cubic feet per day with the successful gathering, treatment, compression and delivery of natural gas, under the Unified Transportation Regulation's quality conditions, to the Promigas National Transportation System from the Infraes plant. A second, backup compressor is currently being added to the plant, with installation expected to be completed by the end of June. With a backup compressor in place, the company expects to be able to increase production to a minimum of 15 million cubic feet per day through the Infraes plant.

At the main central processing facility (CPF-1), all the essential equipment has arrived on location. The equipment is now being inspected and maintained while civil works are being finished and the company's supply chain team is finalizing the procurement of the auxiliary accessories, which are required for construction. Full installation of the dew-point-handling equipment is expected to be completed by the end of August, 2025. Following installation of the dew-point-handling equipment at the CPF-1 and including the operating Infraes plant and backup compressor, the company expects to reach total processing and compression capacity of 45 million to 50 million cubic feet per day, with room for expansion.

Current transportation capacity at Sinu-9 is 30 million cubic feet per day. As previously disclosed in the company's May 28, 2025, news release, construction has commenced on a twin pipeline with the company's infrastructure partner, Infraes, which will double transportation capacity from Sinu-9. This project is being completed in two phases: (1) an 18-kilomettr loop from Jobo along the existing right-of-way, which will increase transportation capacity to 40 million to 45 million cubic feet per day and is expected to be completed by the end of October, 2025; and (2) the full twin pipeline, which will increase transportation capacity to 60 million cubic feet per day and is expected to be completed in Q1 2026.

Maria Conchita

The company remains on track to spud the Aruchara-4 well at the beginning of July. The Aruchara-4 well will target the Jimol formation to develop the H1A and H1B accumulations and define the potential extension of more reserves and resources in the H2B section and H4 fractures. The Aruchara-4 well will be drilled to a total depth of 10,000 feet in three phases and, if successful, completed and tied in by the beginning of September, 2025, which will support increasing production at Maria Conchita.

The compressor and plant expansion, which will increase production capacity at Maria Conchita to 28 million cubic feet per day, remains on track and in line with the tie-in of the Aruchara-4 well by September, 2025.

Immediately following the drilling of the Aruchara-4 well, the rig will be used to complete the previously announced workover and recompletion of the Aruchara-3 well, removing the downhole obstruction and returning the well to its full production capacity.

Extension of November, 2022, warrants

The company is also pleased to announce that it intends to extend the expiry date of its outstanding common share purchase warrants to purchase up to 34,075,000 common shares at an exercise price of $1.08 per common share. The warrants were originally issued in connection with the company's private placement of senior secured convertible debenture units, which was completed on Nov. 30, 2022, and are governed by a warrant indenture dated as of the same date among the company and TSX Trust Company. The warrants are set to expire on Nov. 30, 2025. Subject to acceptance by the TSX Venture Exchange, the company will extend the expiry date of the warrants to Nov. 30, 2027. All other terms and conditions of the warrants, including the exercise price, will remain unchanged.

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 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 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. To date, the company has raised over $200-million (U.S.) in debt and equity and has constructed and commissioned three gathering, processing and treatment facilities and associated pipelines with gross processing and transportation capacity of 60 million cubic feet per day expected in Q3 2025, with significant capital contributions from insiders who currently own approximately 32 per cent of the company.

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