DIRECTOR SHARE PURCHASE

Calgary, Alberta - January 24, 2022 - Southern Energy Corp. ("Southern" or the "Company") (SOU: TSXV) (AIM:SOUC) announces the following purchases of Company common shares. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the applicable transaction.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steven Smith

2.

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3.

Details of the issuer, emission

allowance market participant, auction platform, auctioneer

or auction monitor

a)

Name

Southern Energy Corp.

b)

LEI

213800R25GL7J3EBJ698

4.

Details of the transaction(s):

section to be repeated for (i) each type of instrument; (ii)

each type of transaction; (iii) each date; and (iv) each place where transactions have been

conducted

a)

Description of the financial

Common shares in Southern Energy Corp.

instrument, type of instrument

Identification code

CA8428133059

b)

Nature of the transaction

Purchase of common shares on the open market

c)

Price(s) and volume(s)

200,000 common shares at a price of CAD0.4088

d)

Aggregated information

N/A

e)

Date of the transaction

18 January 2022

f)

Place of the transaction

Toronto Stock Exchange

For further information, please contact:

Southern Energy Corp.

Ian Atkinson (President and CEO)

+1 587 287 5401

Calvin Yau (VP Finance and CFO)

+1 587 287 5402

Strand Hanson Limited - Nominated & Financial Adviser

+44 (0) 20 7409 3494

James Spinney / James Bellman

Hannam & Partners - Joint Broker

+44 (0) 20 7907 8500

- 2 -

Samuel Merlin / Ernest Bell

Canaccord Genuity - Joint Broker

+44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor / James Asensio

Camarco

James Crothers, Billy Clegg, Daniel Sherwen

+44 (0) 20 3757 4980

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.

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Disclaimer

Southern Energy Corp. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 15:23:00 UTC.