Mr. Jose Arata reports

NEW STRATUS ENERGY ANNOUNCES RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2023 & CORPORATE UPDATES

New Stratus Energy Inc.'s consolidated and operating results for the three and six months ended June 30, 2023, have been filed on SEDAR+.

Q2 2023 highlights:

• Working capital at the end of Q2 of $47,533,781 (39 cents per share);
• Net loss for Q2 of $2,733,720 (two cents per share).

Corporate updates:

• As disclosed on May 30, 2023, the corporation has signed an MOU (memorandum of understanding) with a vendor to acquire operatorship and a high working interest in a light oil production block in Mexico. Confirmatory due diligence has ended and the corporation is in negotiations on a definitive agreement. The definitive agreement is expected to be signed shortly with operatorship of a profit-sharing contract for 24 years to begin on Jan. 1, 2024.
• As disclosed on Aug. 2, 2023, the corporation has signed an MOU with GoldPillar International Fund SPC Ltd., a private entity organized and existing under the laws of the British Virgin Islands, and which is in negotiations with Petroleos de Venezuela S.A. (PDVSA), the national oil company, to partner in mixed companies to develop oil and gas assets in Venezuela. Confirmatory due diligence has also ended, and the corporation is proceeding with negotiations on a definitive agreement and has retained an engineering firm to prepare a reserves report in respect of the assets.
• Additional opportunities continue to be evaluated in Argentina, Colombia, Guyana, Mexico, Peru and Venezuela.

We seek Safe Harbor.