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CGX Energy Inc : CGX and Frontera Complete Joint Operating Agreement Amendment, Participating Interest in Corentyne Block is 32% CGX and 68% Frontera

CGX ENERGY INC AND FRONTERA ENERGY CORPORATION

Guyana: Government of Guyana confirms Corentyne License remains in full force and effect and good standing

CGX Energy and Frontera Energy, JV partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, have announced that the Government of Guyana has agreed with the JV s declaration of force majeure regarding Phase Two of the Second Renewal Period of the Corentyne Block Petroleum Agreement and a corresponding extension of the License to January 31, 2023.

Guyana: CGX and Frontera provide update on Wei-1 well preparations

CGX Energy and Frontera Energy, joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, have announced the continued commitment to drill the Wei-1 well and that final preparations are complete in advance of spudding the Wei-1 well, which follows the discovery of light oil and condensate at the Kawa-1 well earlier this year.

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