Mr. Robert Bose reports

PEL 83 EXPLORATION CAMPAIGN UPDATE -- MOPANE-1X SIGNIFICANT LIGHT OIL DISCOVERY

Sintana Energy Inc. has provided an update regarding the continuing exploration campaign on blocks 2813A and 2814B, located in the heart of Namibia's Orange basin, emerging as one of the world's most prospective oil and gas regions. The blocks are governed by petroleum exploration licence 83 (PEL 83), which is operated by a subsidiary of Galp Energia of Portugal. Sintana maintains an indirect 49-per-cent interest in Custos Energy Pty. Ltd., a 10-per-cent working interest owner in PEL 83. NAMCOR (National Petroleum Corporation of Namibia) also maintains a 10-per-cent working interest.

Sintana refers to press releases from Galp and Custos Energy noting that Galp, together with its partners NAMCOR and Custos, has successfully drilled and logged the Mopane-1X well, the first exploration well at PEL 83.

Building on a previous announcement dated Jan. 2, Galp now confirms the discovery of a significant column of light oil in reservoir-bearing sands of high quality.

The acquired data will continue to be analyzed, and a drill stem test (DST) may be performed in the coming weeks to assess the commercial viability of the discovery.

The drilling operations at Mopane-1X will proceed to explore deeper targets. Upon completion, the rig will be relocated to the Mopane-2X location to further evaluate the extent of the Mopane discovery.

PEL 83 is located immediately north of PEL 39, home to Shell's basin-opening discoveries at Graff-1, La Rona-1 and Jonker-1. Additionally, it is located north and west of PEL 56, where TotalEnergies confirmed its giant oil discovery at Venus-1.

"The preliminary results of the initial exploration campaign on PEL 83 demonstrate the expanding scope and potential of Namibia's Orange basin. We extend our sincere congratulations to our partners, Galp and NAMCOR, on this initial discovery," said Knowledge Katti, chairman and chief executive officer of Custos, and a director of Sintana. "This is a significant milestone for Custos and Sintana, positioning us for further growth and continued success."

"We are proud to have achieved this milestone," said Maggy Shino, Petroleum Commissioner for the Ministry of Mines and Energy. "We congratulate the joint venture partners on a safe and successful initial exploration campaign. This oil discovery is a testament to their hard work and dedication, and also showcases our ability to unlock world-scale resources, turning Namibia into the world's next great hydrocarbon province."

Tom Alweendo, Minister of Mines and Energy for Namibia, noted: "On behalf of all Namibians, the ministry extends its congratulations to the joint venture partners Galp, Custos and NAMCOR. This discovery further demonstrates Namibia's ability to attract top-tier partners making world-scale investments. We look forward to continuing success in this regard."

"The timeliness of our entry into Namibia continues to be demonstrated with the ongoing progress and success within the exploration portfolio we hold through our local partners, including Custos. This light-oil discovery is further evidence of the scale and opportunity that lies within our portfolio, including an unmatched position in the heart of the Orange basin in Namibia. We extend our congratulations to the joint venture partners on this milestone success," said Robert Bose, chief executive officer of Sintana.

About Sintana Energy Inc.

The company is engaged in petroleum and natural gas exploration and development activities on five large, highly prospective onshore and offshore petroleum exploration licences in Namibia, and also in Colombia's Magdalena basin.

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