Mr. Andrew Male reports

G2 PROVIDES BI-WEEKLY STATUS ON MANAGEMENT CEASE TRADE ORDER

G2 Energy Corp. had a management cease trade order (MCTO) issued by the British Columbia Securities Commission (BCSC), the company's principal regulator, on Oct. 29, 2024. The MCTO was issued following the company's announcement on Oct. 29, 2024, that it was unable to file its audited consolidated financial statements, its management discussion and analysis and related officer certifications for the year ended June 30, 2024, before the prescribed deadline of Oct. 28, 2024.

Further to the default announcement, the company reports that it continues to finalize the required documents. The company will make every effort to file the required documents on or before Dec. 27, 2024.

Pursuant to the MCTO, the chief executive officer and the chief financial officer of the company may not trade in securities of the company until such time as the company files the required documents and the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The company is providing this biweekly default status report in accordance with Policy Statement 12-203, Management Cease Trade Orders. Until such time as the company files the required documents and the MCTO has been revoked, the company intends to follow the provisions of the alternative information guidelines set out in PS 12-203, including the issuance of biweekly default status reports in the form of news releases.

Pursuant to the provisions of the alternative information guidelines specified in PS 12-203, the company confirms that, as of the date of this news release and except as noted herein: (a) there have been no material changes to the information contained in the default announcement that would reasonably be expected to be material to an investor; (b) there have been no failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under PS 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement; and (d) there is no other material information concerning the affairs of the company that has not been generally disclosed.

About G2 Energy Corp.

G2 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's strategy is to obtain a portfolio of risk-managed production and development opportunities onshore the United States. In May, 2022, G2 acquired the Masten unit in the Permian basin in Texas. The Masten unit is the company's first producing asset.

G2 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.