Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ('Valeura' or the 'Company'), is pleased to announce that the Energy Council has awarded Valeura the Upstream Company of the Year award, and has selected Dr. Sean Guest, President and CEO, as Executive of the Year.

The awards were announced on June 5, 2024 at the Asia Pacific Energy Capital Assembly and Awards Dinner in Singapore, which assesses regional expertise and awards the top performers amongst the oil and gas industry within the Asia-Pacific region.

Sean Guest, President and CEO commented: 'I am delighted to have our successes recognised by the Oil and Gas Council. We strive to add value in everything we do, and being named 'Upstream Company of the Year' energises us to continue pursuing our objectives with passion, for all stakeholders who stand to benefit from our ongoing success. I am also humbled to have been selected as 'Executive of the Year' and grateful to our exceptional team of professionals, who have made both of these awards possible.'

Contact:

Tel: +65 6373 6940

About the Corporation

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Turkiye. The Corporation is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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