Invictus Energy Limited provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Invictus advised that it has executed a farm in option agreement with Cluff Energy Africa Limited ("CEA") for a 2 well exploration drilling campaign in the Cabora Bassa Project. CEA will fund 33.33% of the costs for a 25% interest in the Cabora Bassa Project and Invictus will remain as operator. Cluff Energy Africa is currently assembling a portfolio of African oil and gas exploration assets with the intent of raising further capital during early 2022 to fund their exploration programs. The Cluff group has previously raised and invested over half a billion dollars for natural resources projects. Under the terms of the non-binding agreement, CEA must exercise the option by 31 March 2022 to enter into a binding Farm in Agreement and a Joint Operating Agreement and obtain the necessary funding to meet the Farm in Commitment for 2 wells. Invictus and CEA will also investigate the options for mitigating carbon emissions from the project including Carbon Capture and Storage (CCS) or similar solutions to align with Zimbabwe's strategic objectives.