G2 Energy Corp. announced that the Board of Directors has appointed David Whitby, presently a Director and President of the Company, as President and active Chief Operating Officer, and Gabriel Monteiro Queiroz, presently a Director of the Company, as Chief Financial Officer. The Company has accepted the resignation of James Tague as Chief Operating Officer and Director and Oleg Scherbina as Interim Chief Financial Officer, effective as of March 31, 2023.

In light of Mr. Tague and Mr. Scherbina's resignations, The Company wishes to thank Mr. Tague and Mr. Scherbina for their services during their tenure, and notes that Mr. Scherbina will still work for the Company in the position of internal auditor. As outlined in the December 24, 2021 news release, Mr. Whitby is a senior executive with 40 years of industry experience in the oil and gas sector. Mr. Whitby is well known in South East Asia, Australia, and Canada with broad experience, who has been relied upon to successfully manage complex situations, having worked for 14 years with Husky in Canada and 12 years for Gulf Canada /ConocoPhillips in Indonesia and Australia.

Mr. Whitby grew up in Swift Current, Saskatchewan and studied mechanical engineering at the Royal Military College of Canada, and served in the Base Engineering Unit at CFB Calgary before joining Husky Oil as a field engineer in Lloydminster. After a stint in the Husky's reservoir group, Mr. Whitby packed up the family and moved to Indonesia. Upon returning from Indonesia, he was promoted to Vice President of Husky's Heavy Oil Group.

The majority of his career has been focused on monetizing gas reserves in Indonesia, having successfully closed 5 major gas supply contracts in Indonesia, where he pioneered the modern-day gas industry. He is also the former President & CEO of ASX-listed Nido Petroleum. Through a series of partnerships and land acquisitions, Nido Petroleum gained control of the offshore NW Palawan basin in the Philippines.

The previously stranded Galoc oil field was brought on-stream and an exploration portfolio generating 60+ drillable prospects was built. Under his leadership, the Nido Petroleum raised more than A$100 million through fresh equity and convertible debt. The share price of the company rose from $0.016 cents in 2004 to $0.62 cents in 2008, resulting in a market cap in excess of AUD 600 million to become an ASX 200 company.

Additionally, the Board has added Mr. Markus Mair as an independent Director, and as a representative of the Company's European shareholders. Mr. Mair holds a Diploma in International Business Administration from the University of Applied Sciences, Furtwangen, has more than 30 years of experience in the banking and finance industries, has been an active investor in the resource industry for over 15 years, and is currently the founder and CEO of a private investment company in Germany. He is also one of the Company's ten largest shareholders.