NG ENERGY PROVIDES UPDATE ON OPERATIONS AT SINU-9 AND MARIA CONCHITA

Magico-2X, the second well of the six-well 2026 drilling program at Sinú-9, was spudded on June 26, 2026, primarily targeting the newly discovered Pre-CDO–San Cayetano formation. INFRAES pipeline loop to Jobo has been completed; commissioning activities at the Jobo and Guayabal facilities are underway over the coming weeks, expected to increase transportation capacity at Sinú-9 to 40–45 MMcf/d gross (15.6–17.6 MMcf/d net). Hechicero-1X has tested at rates of up to 26.4 MMcf/d gross (10.3 MMcf/d net) from the Pre-CDO–San Cayetano zone, with M&P Colombia managing the well at a sustainable rate of approximately 15 MMcf/d gross (5.85 MMcf/d net) consistent with sound reservoir management practices. Current production at Sinú-9 is approximately 17.5 MMcf/d gross (6.8 MMcf/d net). Total field production at Maria Conchita is currently approximately 14.8 MMcf/d gross (11.8 MMcf/d net), with current infrastructure supporting up to 30 MMcf/d gross (24.0 MMcf/d net) of processing and transportation capacity. The Company's next development well at Maria Conchita, Aruchara-6, is expected to spud immediately following the completion of the ongoing Aruchara-1 workover, which is expected to be completed by July 10, 2026. The Company received the US$15 million instalment payment from Etablissements Maurel & Prom S.A. due in June 2026, bringing total cash received from the M&P Transaction to approximately US$135 million to date. CALGARY, AB , July 2, 2026 /PRNewswire/ - NG Energy International Corp. (" NGE " or the " Company ") (TSX: GASX) (OTCQX: GASXF ) is pleased to provide an operational update on activities at its Maria Conchita and Sinú-9 Blocks in Colombia. The Company's working interests in the Maria Conchita Block and the Sinú-9 Block are held through Operadora NG Energy Sucursal en Colombia (formerly, MKMS Enerji Sucursal Colombia) (" Operadora Colombia "), the Colombian branch of the Company's indirect wholly-owned subsidiary, Operadora NG Energy International, S.A. (forme...