LNG Energy Group Informs Material Events

12 hours ago 2

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About
LNG
Energy
Group

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The Company is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information, please visit www.lngenergygroup.com.

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For more information please contact:

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Angel Roa, Chief Financial Officer LNG Energy Group Corp.
Website: www.lngenergygroup.com
Email: [email protected]

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CAUTIONARY
NOTE
REGARDING
FORWARD-LOOKING
INFORMATION:

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This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements, and are based on expectations, estimates and projections as at the date of this news release that reflect the current views and/or expectations of management of LNG Energy Group with respect to performance, business and future events. Forward-looking information can often be identified by words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the negative of those words or other similar or comparable words. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which LNG Energy Group operates, in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances, and that while considered reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking information. There can be no assurance that such statements will prove to be accurate, and accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. LNG Energy Group does not undertake any obligation to release publicly any revisions or updating any voluntary forward-looking statements, except as required by applicable securities law, whether they change as a result of new information, future events or otherwise.

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This news release includes, but is not limited to, forward-looking statements relating to: the Company’s business plans, strategies, priorities and development plans, including the strategic initiatives being considered by the Company and the corporate reorganization and anticipated annual savings therefrom; the anticipated benefits of the completion of various strategic initiatives being considered by the Company; the ability of the Company to book additional reserves in the future; the completion of any transactions relating to the Strategic Review; receipt of all regulatory approvals, including the approval of the TSXV, in connection with the Strategic Review; the anticipated insider participation in any financing and transaction; and the anticipated use of proceeds from the transactions relating to the Strategic Review. The Company’s actual decisions, activities, results, performance, or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that the Company will derive from them.

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The risks and uncertainties include, but are not limited to: the Company’s ability to complete the Strategic Review on the terms described herein or at all or to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the delay or failure to receive regulatory or other approvals, including any approvals of the TSXV and the Company’s senior lenders, in connection to any of the transactions contemplated herein or that could take place in the future; the anticipating timing of filing the Required Documents; the final results of the PRES and the Agreement; the enforcement of collateral by the Company’s senior lenders; the Company’s ability to secure the required regulatory approvals to operate in Venezuela and/or the cancellation or expiration of the CPP contracts; general business, economic, competitive, political and social uncertainties; risks related to the Company’s ability to complete any of the proposed strategic initiatives described in this and other news releases on the terms described herein or at all; risks related to commodity prices; delay or failure to receive any necessary board, shareholder or regulatory approvals, factors may occur which impede or prevent LNG Energy Group’s future business plans; that any of the foregoing transactions, including the JV Contribution or any transactions relating to the Strategic Review, will achieve a satisfactory closing; other factors beyond the control of LNG Energy Group.

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

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