Mr. Slawek Smulewicz reports

DEFAULT ANNOUNCEMENT PURSUANT TO NATIONAL POLICY 12-203

G2 Energy Corp. will not be in a position to file its audited annual financial statements, management's discussion and analysis, and related certifications for the fiscal year ended June 30, 2024, on or before the filing deadline of Oct. 28, 2024, as the company's auditor was unable to complete the annual statements by the filing deadline due to non-payment of its fees for the prior year by the company.

Accordingly, the company has requested the issuance of a management cease trade order under the provisions of National Policy 12-203 (Cease Trade Orders for Continuous Disclosure Defaults) so as to permit the continued trading in the company's common shares by persons other than insiders and employees of the company. The company is working closely with its auditor and expects to complete the audit of the annual statements and file them on SEDAR+ by Dec. 27, 2024.

The company confirms that it intends to satisfy the provisions of Section 4.4 of NP 12-203 and issue biweekly default status reports for so long as the company remains in default of the financial statement filing requirement. Such report will disclose any material changes to the information in this release, all actions taken by the company to remedy the default, particulars of any failure by the company to fulfill these provisions, any subsequent defaults of the company requiring a default announcement and any other material information concerning the affairs of the company not previously disclosed. The company is not subject to any insolvency proceedings, nor is there any other material information concerning the affairs of the company that has not been generally disclosed.

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.