Mr. Jim Hill reports

MCF ENERGY UPDATE OF DRILLING OPERATIONS ON THE KINSAU-1A WELL IN GERMANY

MCF Energy Ltd. has provided an operational update for the Kinsau-1A well in Lech, Germany.

The Red drilling rig 202 has completed drilling out the abandonment mud and cement plugs in the 13-3/8th-of-an-inch casing from the original Kinsau-1 well drilled by Mobil in 1983. The inspection of the casing and bonding cement was done with both mechanical and remote sensing tools and found to be in good condition. The seal capacity was tested by pressuring up to 61 bars (885 pounds per square inch), which confirmed the ability of the pipe to hold pressure and isolate the shallow zones behind pipe. This casing protects the shallow groundwater resources in this area. An offset water well has been drilled on the drill site and will be monitored to confirm there is no impact to these important water resources.

After testing of the casing and cement, a directional drilling assembly was used to enter the exposed section of rock below the casing and drill out of the old wellbore. After several days of drilling, the bit broke out of the old hole and started making a new hole. The target of this well is the Jurassic Purbeck carbonate interval that tested gas at high rates in Mobil's original Kinsau-1 well in 1983.

James Hill, chief executive officer of MCF Energy, said: "I am happy the well is now drilling. Many don't realize that Germany has significant resources within their borders, which can reduce imports, keep money in Germany, and provide energy security and the environmentally desirable natural gas resources the country uses and needs."

About MCF Energy Ltd.

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 and headquartered in Vancouver, B.C.

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