Mr. Slawek Smulewicz reports

G2 ANNOUNCES A 10 FOR 1 SHARE CONSOLIDATION

G2 Energy Corp. will be seeking the Canadian Securities Exchange approval to consolidate all of its issued and outstanding common shares on the basis of 1:10, with each 10 preconsolidated common shares being consolidated into one postconsolidated common share. In accordance with the company's articles, shareholder approval will not be required for the share consolidation. The share consolidation has been approved by the company's board of directors.

Effective Dec. 16, 2024, the company will commence trading on the CSE on a consolidated basis, and the new Cusip number and ISIN will be 40054T 30 5 and CA 40054T 30 5 5, respectively.

The share consolidation would result in the number of issued and outstanding common shares being reduced from the current outstanding 49,611,588 common shares to approximately 4,961,158 common shares. The company also has outstanding warrants to purchase 39,143,105 common shares reserved for issuance, equal to 3,914,310 common shares on a postconsolidation basis, and also has outstanding stock options to purchase 435,000 common shares reserved for issuance, equal to 43,500 common shares on a postconsolidation basis.

No fractional shares will be issued as a result of the share consolidation. Any fractional shares resulting from the share consolidation will be rounded down to the next whole common share and no cash consideration will be paid in respect of fractional shares.

The company's board of directors believes that the share consolidation will provide the company with greater flexibility for the continued development of its business and the growth of the company, including financing arrangements. There is no change of business associated or being effected with respect of the share consolidation. In addition, the company will not be changing its name during the share consolidation.

Generally, with respect of a consolidation, the shares would commence quotation on the CSE on a consolidated basis on the first trading day prior to the record date, being the effective date, and the CSE would issue a bulletin to dealers advising of the share consolidation and effective date of trading on the consolidated basis. Notwithstanding the foregoing, the share consolidation is subject to regulatory approval, and the board of directors may, in its discretion, determine to amend the terms or to not to move forward with the share consolidation.

About G2 Energy Corp.

G2 is a junior oil and gas producer listed on the CSE. 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.