NG Energy International Corp. announced all environmental requirements asked by the National Environmental Licensing Authority have been met, and it has granted, through Resolution no. 1578 of September 6, 2021, the Environmental License which allows exploratory drilling area in the SN9 block, including the construction of civil works, production infrastructure and the construction of up to 11 locations for a total of 22 wells to be developed. The Company will begin construction of the road and pad for the first well, Magico-1X, immediately. The drilling rig has been contracted and is standing by at a location near the concession, ready to be mounted and begin drilling by the first week of November 2021 under the direction of CPVEN. The Magico-1X well is the first well in a fully funded, four well drill program to be conducted by CPVEN in the coming months and will be followed by the drilling of Mago, Hechicero and Hechizo. The Company's SINU-9 is a 311,353 acre block located in northern Colombia in the Lower Magdalena and San Jacinto basins, which are two basins with the largest gas and light oil potential in the country. The block has been successfully tested for dry gas through the Hechizo-1 well, which was drilled to 4,500ft by Ecopetrol SA in 1992. The area has excellent infrastructure with open access to national oil and gas pipelines, and coverage of a reliable electricity grid. The block is adjacent to Canacol Energy Ltd., Colombia's largest independent gas producer, which has 2P reserves of 637 BCF and production of 172 MMcf/d for FY20201. Canacol Energy Ltd. recently drilled Aguas Vivas 1 and hit 402 ft of pay zone and tested 35.5 MMcf/d2 on its property immediately east of SINU-9. It then drilled Aguas Vivas 2 encountering 229 ft of net gas pay.3 Hocol, a subsidiary of Ecopetrol SA, recently drilled the Arrecife-3 well on its property to the south-east and test results showed gas production of 3-10 MMcf/d4 with no production of water. The Company's working interest is 72%, subject to payment of ANH sliding scale royalties. The effective date of the resources reports is December 31, 2020. The chance of commerciality for the prospective resources (Prospects) is based on the product of the chance of discovery (geological chance of success) and the chance of development and is assessed at 30.3% to 31.5%. No risk has been assessed to the contingent resources and prospective resources (Leads), as the leads have to be upgraded to prospects before risk can be addressed. Due to sparsely shot 2-D seismic data (31 2-D lines of 752 km), there is insufficient data for coverage to map certain closures. However, the block has 12 wells drilled previously with good geological data for correlation. The Company would require sufficient funding to fulfill the committed work program and development if any discoveries are made.