Mr. Richard McHardy reports

LOGAN ENERGY CORP. ANNOUNCES LISTING ON TSX VENTURE EXCHANGE

Logan Energy Corp., further to the company's news release dated July 13, 2023, has received final approval from the TSX Venture Exchange to list the common shares of Logan on the TSX-V as a Tier 1 oil and gas issuer. Trading in respect of Logan shares will commence at the market open on July 18, 2023, under the symbol LGN.

The total number of Logan shares issued and outstanding at listing will be 311,746,522. A total of 71,029,030 Logan shares held by principals will be subject to the TSX-V's Tier 1 value escrow requirements, with 25 per cent of the escrowed shares to be released at the date of the final exchange bulletin in respect of the listing, with an additional 25 per cent of the total escrowed shares to be released, respectively, at the six-month, 12-month and 18-month anniversaries of the date of the bulletin.

About Logan Energy Corp.

Logan is a growth-oriented exploration, development and production company formed through the spinout of Spartan Delta Corp.'s early-stage Montney assets. Logan is founded with a strong initial capitalization and three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia. The management team brings proven leadership and a record of generating excess returns in various business cycles.

Logan's corporate presentation as of July 13, 2023, can be accessed on its website.