Mr. James Hill reports

MCF ENERGY SECURES SIGNIFICANT OIL AND GAS CONCESSION IN WESTERN GERMANY

MCF Energy Ltd. has successfully acquired a substantial multizone oil and natural gas exploration concession (Erlenwiese) spanning approximately 87 square kilometres in Western Germany, granted on Sept. 18, 2023, by the Hessen Ministry of Environment, Climate, and Energy, through its mining authority, granted for an initial term of three years.

Highlights:

• Erlenwiese, an 87 square km exploration concession in Western Germany prospective for multizone oil and natural gas development within the massive Central Graben hydrocarbon system, has been granted to Genexco GmbH, a wholly owned subsidiary of MCF Energy.
• The Central Graben is one of the most regionally prominent Mesozoic rift-structures within the larger Central European Basin system, spanning across several countries.
• MCF Energy has identified several targets featuring significant development potential within the Pechelbronn and Rotliegend structures, as well as shallower natural gas accumulations. Several analogous and commercial discoveries underpin the forecast development potential of Erlenwiese.
• Strategically located southwest of Frankfurt, and within 125 km of oil refining and natural gas processing infrastructure, Erlenwiese is potentially relevant to Europe's long-term energy security and independence.

The multi-zone potential of this concession is pervasive across the full stratigraphy of the Pechelbronn formation, across the upper, middle, and lower beds. MCF Energy has acquired the available 2D and is in the process of obtaining the 3D seismic data. The 2D data is currently reprocessing for further interpretation and analysis. Additionally, MCF Energy will perform its own AI and machine-learning analysis to further supplement and de-risk its geological and geophysical analysis.

Locally, activities focused on geothermal development have further corroborated the energy development potential within this concession. MCF Energy endeavours to collaborate with various regional stakeholders focused on sustainable energy security and independence. Seismic Lines over the Erlenwiese Prospect.

Peter Eckhard Oehms, MCF Energy Managing Director for Germany, stated, "We continue to make great progress in acquiring large land concessions prospective for petroleum and natural gas resource accumulations. We are very pleased with this award and would like to thank the local mining authority for its assistance throughout the process."

James Hill, CEO and Director of MCF Energy, stated, "We are committed to Germany's energy security and independence. This award adds further depth to our inventory of prospects, as we work diligently alongside our German counterparts, to deliver value for all stakeholders."

About MCF Energy

MCF Energy was established in 2022 by leading energy executives to strengthen Europe's energy security through responsible exploration and development of natural gas resources within the region. The Company has secured interests in several significant natural gas exploration projects in Austria and Germany with additional concession applications pending. MCF Energy is also evaluating additional opportunities throughout Europe. The Company's leaders have extensive experience in the European energy sector and are working to develop a cleaner, cheaper, and more secure natural gas industry as a transition to renewable energy sources. MCF Energy is a publicly traded company (TSX.V: MCF; FRA: DC6; OTCQX: MCFNF) and headquartered in Vancouver, British Columbia. F

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