NG ENERGY ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS AND GRANT OF OPTIONS, RSUS & DSUS – NG Energy Intl (OTC:GASXF)

TORONTO, Jan. 22, 2026/ CNW/ – NG Energy International Corp. (“ NGE” or the “ Business“) (TSXV: GASX) (OTCQX: GASXF) is happy to reveal that all of the resolutions thought about at the Business’s yearly basic and unique conference of investors hung on January 22, 2026 (the “ Satisfying“) were authorized by the Business’s investors.

At the Satisfying, the Business’s investors authorized resolutions:

• repairing the variety of directors making up the Business’s board of directors (the “ Board“) for the occurring year at 7 (7 );
• choosing Brian Paes-Braga, Brian T. O’Neill, Don Sewell, Jorge Fonseca Chaumer, Keith Hill, Patricia Herrera Paba and Paul Saad as directors of the Business, to hold workplace up until the close of the next yearly conference of investors or up until their followers are chosen or selected;
• re-appointing PricewaterhouseCoopers LLP as the auditor of the Business for the occurring year and licensing the Board to repair the reimbursement of the auditor;
• re-approving the Business’s reward stock alternative strategy (the “ Stock Alternative Strategy“); and
• authorizing specific changes to the Business’s limited share system and deferred share system payment strategy (the “ RSU/DSU Strategy“).

An overall of 180,775,124 typical shares were enacted connection with the election of the directors as follows:

The resolutions voted on at the Satisfying are explained in more information in the Business’s management info circular, outdated December 11, 2025, which is offered on the Business’s SEDAR+ profile at www.sedarplus.ca.

Alternative, RSU and DSU Grants

The Business’s Board of Directors has actually authorized has the grant of 9,250,000 reward stock alternatives to specific directors, officers, staff members and specialists of the Business. The stock alternatives are exercisable into typical shares of the Business at a rate of $ 108 per typical share. Topic to the guidelines of the TSX Endeavor Exchange (the “ Exchange“) and the Stock Alternative Strategy, the stock alternatives will have a regard to 5 (5 ) years and will end on January 22, 2031

In Addition, the Business has actually given 5,000,000 limited share systems (“ RSUs“) and 300,000 deferred share systems (“ DSUs“) to directors, officers, staff members and specialists of the Business under the regards to the RSU/DSU Strategy.

The Business is licensed to approve an overall of 26,211,297 reward stock alternatives pursuant to the Stock Alternative Strategy, of which 19,360,893 reward stock alternatives are exceptional following the grant. Furthermore, the Business is licensed to approve an aggregate overall of 25,999,259 RSUs and DSUs pursuant to the RSU/DSU Strategy of which 9,686,874 RSUs and 640,000 DSUs are exceptional following the grant. The grant of the reward stock alternatives, RSUs and DSUs stays based on Exchange approval.

About NG Energy International Corp.

NG Energy International Corp. is a growth-orientated gas expedition and production business concentrated on providing long-lasting investor and stakeholder worth through the discovery, delineation and advancement of massive energy possessions in the Americas, supporting energy shift and financial development. NGE’s group has substantial technical and capital markets proficiency with a tested performance history of structure business and producing considerable worth in South America In Colombia, the Business is performing on this objective with a quickly growing production base and an industry-leading development trajectory, providing gas into the premium-priced Colombian market ( ~ US$ 8/ MMBtu) with forecasted triple digit production development over the next 2-3 years towards a production objective of 200 MMcf/d. To date, the Business has actually raised over US$ 200 million in financial obligation and equity, effectively generated income from a US$ 150 million farm out and has actually built and commissioned 3 event, processing and treatment centers and associated pipelines with gross processing and transport capability of 60 MMcf/d with considerable capital contributions from experts who presently own roughly 32% of the Business. To find out more, please check out SEDAR+ (www.sedarplus.ca) and the Business’s site (www.ngenergyintl.com).

Cautionary Declaration Concerning Forward-Looking Info

This press release consists of “positive info” and “positive declarations” (jointly, “positive declarations”) within the significance of the appropriate Canadian securities legislation. All declarations, besides declarations of historic reality, are positive declarations and are based upon expectations, quotes and forecasts as at the date of this press release consisting of, without restriction, the info included in this press release concerning Exchange approval for the grant of reward stock alternatives, RSUs and DSUs. Any declaration that includes conversations with regard to forecasts, expectations, beliefs, strategies, forecasts, goals, presumptions, future occasions or efficiency (typically however not constantly utilizing expressions such as “anticipates”, or “does not anticipate”, “is anticipated”, “prepares for” or “does not expect”, “strategies”, “spending plan”, “arranged”, “projections”, “quotes”, “thinks” or “plans” or variations of such words and expressions or mentioning that specific actions, occasions or outcomes “might” or “might”, “would”, “may” or “will” be required to take place or be accomplished) are not declarations of historic reality and might be positive declarations.

Positive declarations include understood and unidentified threats, unpredictabilities and other elements which might trigger the real outcomes, efficiency or accomplishments of the Business to be materially various from any future outcomes, efficiency or accomplishments revealed or suggested by the positive declarations. Aspects that might trigger real outcomes to vary materially from those prepared for in these positive declarations are explained under the caption “Threat Aspects” in the Business’s newest Management Conversation and Analysis and its Yearly Info Type dated April 28, 2025, which are offered for view on SEDAR+ at www.sedarplus.ca. These threats consist of however are not restricted to, the threats connected with the oil and gas market, such as expedition, production and basic functional threats, the volatility of prices for oil and gas, the failure to market gas production and modifications in gas price, altering financier belief about the oil and gas market, any hold-ups in production, marketing and transport of gas, drilling expenses and schedule of devices, regulative approval threats and ecological, health and wellness threats. Positive declarations included herein are made since the date of this press release, and the Business disclaims, besides as needed by law, any commitment to upgrade any positive declarations whether as an outcome of brand-new info, results, future occasions, scenarios, or if management’s quotes or viewpoints need to alter, or otherwise. There can be no guarantee that positive declarations will show to be precise, as real outcomes and future occasions might vary materially from those prepared for in such declarations. Appropriately, the reader is warned not to position unnecessary dependence on positive declarations.

Neither the TSX Endeavor Exchange nor its Policy Provider Service Provider (as that term is specified in policies of the TSX Endeavor Exchange) accepts duty for the adequacy or precision of this release.

Abbreviations

The abbreviations stated listed below have the following significances:

Info Relating to the Business’s Working Interest Disclosure

With regard to the Business’s working interests kept in both the Maria Conchita and Sinu-9 Blocks, in both the context of this press release and the Business’s previous press release, the term “working interest”, eventually describes the rights and commitments consented to, ultimately, emerge a legal interest in an expedition and production agreement before the ANH, based on the satisfaction of specific conditions. These conditions include the presumption of monetary threats and are normally connected to expedition by virtue of joint operating contracts. As soon as such conditions are satisfied, the acquisition of a signed up legal interest, as celebration of record, in the expedition and production agreement might emerge, by method of an ask for approval of project before the ANH. For this factor, as prevails practice within the oil and gas market as an entire, the divulged “working interest” might not accompany the Business’s existing legal interest in the expedition and production agreement.

The project and allowance of “working interests” does not impact or weaken, in any method, the rights and commitments of signed up celebrations under the appropriate expedition and production agreements. Registered celebrations stay completely and completely responsible before the ANH, the Colombian authorities and 3rd parties in connection with any and all commitments, threats and liabilities originated from the execution, efficiency or termination of the expedition and production agreements. Alternatively, the rights and commitments that make up “working interests” are just enforceable vis a vis in between the performing celebrations under personal contracts, and have no legal results before the ANH, the Colombian authorities or 3rd parties.

With regard to the Sinu-9 Block, the Business is a celebration of record and holds a 39% legal interest in the expedition and production agreement for the Sinu-9 Block given by and participated in with ANH. With regard to the Maria Conchita Block, the Business holds 100% of the legal interest as the sole celebration and operator of record under the appropriate expedition and production agreement participated in with the ANH, and holds an 80% working interest under personal contracts with 3rd parties.

SOURCE NG Energy International Corp.