i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, has been notified that on 23 November 2023, Majid Shafiq, CEO and Executive Director, purchased 337,291 ordinary shares of GBP0.01 pence each in the Company ('Ordinary Shares'), at a price of GBP0.1008 per share, and that on 22 November 2023, Ryan Heath, President and Executive Director, purchased 228,571 ordinary shares of GBP0.01 pence each in the Company ('Ordinary Shares'), at a price of CA$0.175 per share.

As a result, following this transaction, Majid Shafiq now has a total beneficial interest, in aggregate, of 9,875,110 Ordinary Shares, representing 0.82% per cent. of the Company's issued share capital and Ryan Heath now has a total beneficial interest, in aggregate, of 8,483,945 Ordinary Shares, representing 0.71% per cent. of the Company's issued share capital.

Contact:

Tel: +44 (0) 203 781 8331

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base inCanada'smost prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.

The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.

i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance('ESG')practices. i3 is proud of its performance to date as a responsible steward of the environment, people,and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.

i3 Energy is listed on the AIM market of the London Stock Exchangeunder the symbol I3E and on the Toronto Stock Exchange under the symbol ITE.

This announcement does not contain inside information.

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