Mr. Shelby Beattie reports

NEXERA PROVIDES UPDATE - Q1 FINANCIAL STATEMENTS AND MD/A FILED

Nexera Energy Inc. is providing its final status report in accordance with National Policy 12-203 -- Management Cease Trade Orders.

Further to the corporation's press release dated June 6, 2023, the corporation has now filed its Q1 financial statements, accompanying management discussion and analysis, and related chief executive officer and chief financial officer certifications for the period ended March 31, 2023. Management of the company was the subject of a management cease trade order (MCTO) in regard to these Q1 filings (which is in effect until two full business days following the date the Q1 filings are filed), as granted by its principal regulator, the Alberta Securities Commission.

As required by the alternative information guidelines specified by NP 12-203, the company reports that since the default announcement and any subsequent press release disclosure there have not been any changes to the information set out in the default announcement that would reasonably be expected to be material to an investor nor any failure by the company to fulfill its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines, and there are no additional defaults or anticipated defaults subsequent to the disclosure therein, other than the delay in filing the Q1 filings. Further, there is no additional material information concerning the affairs of the company that has not been generally disclosed and there are no insolvency proceedings against the company as of the date of this default status report.

About Nexera Energy Inc.

Nexera Energy is an energy company with oil-producing properties in southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon projects. The company also owns 100 per cent of Production Resources Inc., a south Texas oil company.

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