Mr. Slawek Smulewicz reports

OIL PRODUCTION AT MASTEN UNIT

G2 Energy Corp. has provided an update on operations and June, 2024, oil production.

During the months of May and June, 2024, G2 Energy, through its operator, continued work on the previously announced workover program. During this work, it has encountered additional work and repairs that needed to be completed, and G2 Energy is looking to complete the additional work as soon as possible. The extra work has caused a delay in achieving the anticipated production; however, the company is confident that the additional production will be achieved once the works are complete. During the same period, there was downtime for irregular weather events also. As previously noted, once the workover program is complete, the company will provide an update.

     MASTEN UNIT PRODUCTION -- JUNE, 2024 
 
Oil                           1,642.85 barrels 
                              2,126.60 boe (1)
Gas                           2,900 Mcf                       
Oil sold                      1,832.62 barrels                   
Oil gross revenue             $137,588 (U.S.)                       
Estimated G2 Energy's 
oil revenue                   $99,534 (U.S.)                        
Oil in inventory 
pending sale                  460 barrels                       

   FINAL AMOUNTS FOR MAY, 2024
 
Oil               1,385.41 barrels
                  1,685 boe (1)
Gas               1,798.59 Mcf                 
Oil gross 
revenue           $106,100.95 (U.S.)                
G2 Energy's 
oil revenue       $76,755.50 (U.S.)                 

(1) National Instrument 51-101/5.14(d):
Barrel of oil equivalent may be 
misleading, particularly if used in 
isolation. A boe conversion ratio of 
6,000 cubic feet to one barrel is based 
on an energy equivalency conversion 
method primarily applicable at the 
burner tip and does not represent a 
value equivalency at the wellhead.
 

About G2 Energy Corp.

G2 Energy is a junior oil and gas producer listed on the Canadian Securities Exchange. Its primary focus is to acquire and develop additional overlooked, low-risk, high-return opportunities in the oil and gas sector. G2 Energy's strategy is to obtain a portfolio of risk-managed production and development opportunities onshore, the United States. In May, 2022, G2 Energy acquired the Masten unit in the Permian basin, Texas. The Masten unit is the company's first producing asset. G2 Energy is targeting top-tier projects with operating netbacks and infrastructure facilities, which will fast-track overall oil and gas production growth.

We seek Safe Harbor.