NG Energy International Corp. announced that Mr. Ronald Pantin will be transitioning from his role as Executive Chairman to Director, as well as the upcoming retirement of Mr. Gordon Keep and Mr. Jeffrey Harder from the Board. The Company announced that upon the Board Changes coming into effect, Mr. Brian Paes-Braga will be appointed as Chair of the Company's Board of Directors.

Mrs. Luz Stella Murgas, Mr. Don Sewell and Mr. Brian O'Neill will also be appointed to the Board of Directors. Mr. Brian Paes-Braga is a Canadian-born entrepreneur, merchant banking executive, and author. Currently, he serves as Managing Partner at SAF Group, a leading structured credit and merchant banking group which builds, invests, finances, and advises high growth companies as well as provides flexible and long-term capital solutions to public and private corporations while providing stable returns for investors through its structured credit arm.

As an executive, Mr. Paes-Braga was Founder and CEO of Lithium X Energy Corp., a lithium resource company which, within 2.5 years, raised approximately CAD 53 million and was acquired in an all-cash deal for CAD 265 million. Mr. Paes-Braga was formerly Chair of the board of directors of Thunderbird Entertainment, a global multi-platform entertainment company creating award- winning programming for the world's leading digital platforms, and a former board member of DeepGreen Metals (now TMC the metals company Inc.), which closed a >USD 2 billion go-public transaction on the NASDAQ in September 2021 and aims to supply the world with ethical, clean metals harvested from the deep ocean floor. Mrs. Luz Stella Murgas has worked in the energy sector for more than 18 years and is the active Executive President of NATURGAS, the Natural Gas Association in Colombia.

She served as Vice President of Promotion and Areas Allocation at the National Hydrocarbons Agency, where she promoted foreign investment, especially for the development of offshore exploration and production. She also worked as Exploration Manager at the same entity. Mrs. Murgas also worked at Ecopetrol (Colombia´s National Oil and Gas Company) as a tax advisor for the entire value chain of the business for eight years.

She also participated in determining the initial stock value for the company's IPO, as well as in its internationalization process. In addition, she held the position of Executive Director of her legal consulting firm with an emphasis on environmental, social, and business affairs for the development of projects in the mining and energy sectors. She has a Law degree from the Universidad del Rosario and is a tax law specialist from the same University.

Mr. Don Sewell is a private and public company finance executive and former energy investment banker. Mr. Sewell currently serves as the Chief Financial Officer of a private global energy transition-focused royalty company in addition to leading energy transition investments for SAF Group. Prior to, he served as the Chief Financial Officer of a TSX-listed consumer-packaged goods company and spent several years in the energy investment banking groups of a big six Canadian bank and an independent energy investment dealer.

Mr. Sewell brings a broad range of experience in corporate finance, capital markets, governance and securities regulatory matters given his public company leadership experience, in addition to advising on the completion of several billion dollars in energy sector M&A transactions and capital raises. Don holds a BSc degree from McGill University and is a CFA charterholder. Mr. Brian O'Neill is Vice President of SAF Growth at the SAF Group.

He is a former director of Gold-X Mining which was sold to Gran Colombia Gold (now Aris Gold). He spent nearly a decade in the practice of law with leading Canadian law firm, McCarthy Tétrault LLP. His practice began in the areas of corporate and commercial law, with a focus on mergers and acquisitions, corporate reorganizations, corporate finance, intellectual property, and commercial transactions.

He then shifted his practice to focus on corporate tax matters, with a particular emphasis on the tax-related aspects of mergers and acquisitions and corporate reorganizations. Mr. O'Neill received his B.Sc. Honours in Molecular Genetics, with first-class standing, and his LL.B., with distinction, from the University of Alberta.

He is a member of the Law Society of British Columbia and has completed CPA Canada's In-Depth Tax Course.