Mr. Slawek Smulewicz reports

TERMINATION OF THE LOI

Pursuant to its news releases dated Dec. 20, 2024, Global Oil & Gas Recovery Corp. has terminated the letter of intent effective March 26, 2025, between G2 Energy Corp. and Global signed on Dec. 20, 2024.

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.