Mr. Harold Hemmerich reports

INTERFIELD GLOBAL SOFTWARE INC. ENTERS INTO NON-BINDING MEMORANDUM OF UNDERSTANDING WITH JRL ENERGY INC.

Interfield Global Software Inc. has entered into a non-binding memorandum of understanding dated Jan. 17, 2024, with JRL Energy Inc., a major U.S. energy company, for a strategic partnership to develop a digital platform for reporting operational data, environmental, social and governance (ESG) reporting, energy transition reporting and inventory management with respect to JRL's coal production operations.

Completion of the transaction is subject to the negotiation and execution of definitive documentation regarding licensing of the company's proprietary intellectual property and financing of the transaction, as well as receipt of all regulatory approvals, including the approval of the NEO Exchange Inc., if applicable.

JRL Energy is a full-service provider and processor of high-quality thermal and specialty coal. JRL is a modern visionary company and is a leader in ESG and energy transition goals and objectives. JRL Energy has multiple operating mines in Kentucky and produces from both underground and open pit operations.

About Interfield Global Software Inc.

The company is a publicly listed company, with its common shares listed on the Neo Exchange Inc. and operates in Dubai, United Arab Emirates, through its wholly owned subsidiary, Interfield Software Solutions LLC. Interfield Solutions is a software company that services numerous industrial segments worldwide including oil and gas, mining and renewables. Interfield Solutions has two operating divisions, e-commerce and software as a service. Equipment Hound, the company's flagship product of its e-commerce division, is an industrial equipment marketplace that connects buyers and suppliers around the globe. Equipment Hound manages a catalogue of equipment from various suppliers and provides procurement solutions for buyers. It includes features such as requests for quotes, logistics support and third party verification. ToolSuite, the company's flagship product of its software-as-a-service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

We seek Safe Harbor.