NG ENERGY PROVIDES UPDATE ON STATUS OF PRIVATE PLACEMENT OFFERINGS

VANCOUVER, BC - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) announces that it has decided not to proceed with the non-brokered equity private placement announced on November 14, 2022 and that it is increasing the size of its previously announced convertible debenture unit offering to $35 million. The convertible debenture offering remains scheduled to close on or about November 30, 2022, subject to approval of the TSX Venture Exchange and compliance with applicable Canadian securities laws.