Company Announcements

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CALGARY, AB , Feb. 23, 2024 /CNW/ - Criterium Energy Ltd. ("Criterium" or the "Company") (TSXV: CEQ) announces that it has appointed Odyssey Trust Company ("Odyssey") as the registrar and transfer agent for the Company's common shares (the "Common Shares") effective February 20, 2024, replacing Computershare Trust Company of Canada. There was no change to the CUSIP number for the Common Shares as a result of the change of registrar and transfer agent. For information about Odyssey, please visit their website at www.odysseytrust.com. If you have any questions, you can reach to Odyssey directly by visiting www.odysseycontact.com.

Trading in the Common Shares on the TSX Venture Exchange (the "TSXV") was halted on February 22, 2024 by the Canadian Investment Regulatory Organization as a result of the change of registrar and transfer agent. Trading in the Common Shares is expected to resume on February 27, 2024.

Criterium Energy Ltd. is an upstream energy company focused on the acquisition and sustainable development of assets in Southeast Asia that can deliver scalable growth and cash generation. The Company focuses on maximizing total shareholder return by executing on three strategic pillars, namely (1) successful and sustainable reputation, (2) innovation and technology arbitrage, and (3) operational and safety excellence.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

This press release contains certain statements that may be deemed "forward-looking" statements including, without limitation, statements with respect to the timing of when trading of the Common Shares is expected to resume. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends", "seek", "aims" and similar expressions are intended to identify forward-looking information or statements. Although Criterium believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Criterium management on the date the statements are made.

The forward-looking statements contained in this press release are made as of the date hereof and the parties do not undertake any obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE Criterium Energy Ltd.