Mr. Gil Holzman reports

ECO (ATLANTIC) OIL AND GAS LTD ANNOUNCES DIRECTOR DEALING

Eco (Atlantic) Oil & Gas Ltd. was notified on Feb. 27, 2020, that Gil Holzman, chief executive officer and a director of the company, acquired on Feb. 27, 2020, 50,000 common shares (Alternative Investment Market) in the company at a price of 26.4 pence per share and 24,000 common shares (TSX Venture Exchange) at a price of 48.96 cents per share.

Following the share purchases of, in aggregate, 74,000 common shares, Mr. Holzman is beneficially interested in, in aggregate, 8,489,124 common shares, representing approximately 4.60 per cent of the company's issued share capital.