Mr. Tim Marchant reports

VALEURA ENERGY INC. ANNOUNCES DEPARTURE OF KIMBERLEY WOOD FROM THE BOARD

Independent director Kimberley Wood has departed from the Valeura Energy Inc. board of directors, effective Sept. 18, 2023.

Ms. Wood has accepted a senior management role with another company and has indicated that her new responsibilities are expected to constitute a full-time workload. Accordingly, she has opted to resign from the board.

Tim Marchant, chairman of the board, commented:

"I would like to thank Kim for her strong support of our company and the valuable insight she has provided our board. Over the past 4.5 years we have benefited from her customary thoughtful and pragmatic independent counsel, which has been particularly apparent as we navigated the challenging transition from being a small producer in Turkey to becoming a significant force in the Thailand upstream sector. Her presence will be missed, and on behalf of the board, I wish her well in her new role.

"Looking forward, we will continue to ensure the composition of the board and the independent advice each member brings to the table is well suited to supporting our evolving business needs."

About Valeura Energy Inc.

Valeura Energy is a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Turkey. The company is pursuing a growth-oriented strategy and intends to reinvest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value-accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.