Mr. Brian Paes-Braga reports

NG ENERGY FILES EARLY WARNING REPORT AND CORRECTS NOTICE OF GRANT OF RSUS

Brian Paes-Braga, executive chairman of NG Energy International Corp., has filed an early warning report in accordance with National Instrument 62-103 -- The Early Warning System and Related Take Over Bids and Insider Reporting Issues in respect of his holdings of the company.

Prior to the most recent grants of incentive stock options and restricted share units (RSUs), Mr. Paes-Braga had ownership or control over: (i) 33,559,542 common shares, representing 12.80 per cent of the issued and outstanding common shares on a non-diluted basis; (ii) 375,000 options exercisable into 375,000 common shares; (iii) 1.69 million RSUs convertible into 1.69 million common shares; and (iv) 13.5 million common share purchase warrants.

Since the date of his last early warning report and following the grant of an additional two million options and 1.05 million RSUs, Mr. Paes-Braga's interest in the company has increased by more than 2 per cent on a partially diluted basis. Mr. Paes-Braga now beneficially owns or controls: (i) 33,559,542 common shares; (ii) 2,375,000 options; (iii) 2.74 million RSUs; and (iv) 13.5 million common share purchase warrants, representing 18.59 per cent of the issued and outstanding common share of the company on a partially diluted basis.

Mr. Paes-Braga may in the future acquire or dispose of securities of the company, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the early warning report filed by Mr. Paes-Braga may be obtained from the company's SEDAR+ profile.

The company also wishes to clarify that, in its press release dated Jan. 23, 2026, the number of RSUs granted was 4.55 million, rather than five million as previously disclosed. These RSUs were granted to directors, officers, employees and consultants of the company under the terms of the company's restricted share unit and deferred share unit compensation plan. Following this grant, 9,236,874 RSUs are outstanding. The grant of the options, RSUs and deferred share units as previously disclosed remains subject to the approval of the TSX Venture Exchange.

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 energy assets 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.)/MMBtu (million British thermal unit)) with projected triple-digit production growth over the next two to three years toward a production goal of 200 MMcf/d (million cubic feets per day). To date, the company has raised over $200-million (U.S.) in debt and equity, successfully monetized a $150-million (U.S.) farmout, and has constructed and commissioned three gathering, processing and treatment facilities and associated pipelines with gross processing and transportation capacity of 60 MMcf/d with significant capital contributions from insiders who currently own approximately 32 per cent of the company.

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