Mr. Imad Mohsen reports

PAREX RESOURCES TO HOLD INVESTOR PRESENTATION IN BOGOTA, COLOMBIA

Parex Resources Inc. will hold an investor presentation on Dec. 6, 2022, beginning at 1:30 p.m. EST (11:30 a.m. MST) in Bogota, Colombia.

The presentation will focus on the company's strategy, operations and future opportunities in Colombia. Parex presenters will include:

• Imad Mohsen, president and chief executive officer;
• Daniel Ferreiro, president and country manager;
• Ken Pinsky, chief financial officer;
• Eric Furlan, chief operating officer;
• Mike Kruchten, senior vice-president, capital markets and corporate planning;
• Katie Bernard, vice-president, new ventures;
• Ian Zapfe-Smith, vice-president, exploration.

The presentation will be available by webcast.

About Parex Resources Inc.

Parex is the largest independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company's corporate headquarters is in Calgary, Canada, with an operating office in Bogota, Colombia. Parex is a member of the S&P/TSX Composite ESG Index, and its shares trade on the Toronto Stock Exchange under the symbol PXT.