Mr. Ian Atkinson reports

SOUTHERN ENERGY CORP. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS

At Southern Energy Corp.'s annual general and special meeting held on June 15, 2023, all of the nominees listed in the company's management information circular dated May 1, 2023, were elected as directors of the company until the next annual meeting of shareholders or until their successors are elected or appointed.

The company also announces that Michael Kohut and Paul Baay, who both decided not to stand for re-election at the annual meeting, have retired from the company's board of directors. The company's board of directors and management team would like to thank Mr. Kohut and Mr. Baay for their leadership and valuable contributions made during their respective tenures as directors of Southern.

All other items of business put forward to shareholders at the annual meeting were approved. For further details, please review the information circular of Southern dated May 1, 2023, under the company's SEDAR profile.

About Southern Energy Corp.

Southern Energy is a natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf states of Mississippi, Louisiana and east Texas. Its management team has a long and successful history working together and has created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields, and the utilization of redevelopment strategies utilizing horizontal drilling and multistaged fracture completion techniques.