LNG Energy Group closes first tranche private placement

LNG Energy Group Announces Closing of First Tranche of Private Placement

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TORONTO, ON / ACCESS Newswire / August 17, 2026 / LNG Energy Group Corp. (TSXV:LNGE)(TSXV:LNGE.WT)(OTC PINK:LNGNF)(FWB:E26) (the "Company" or "LNG Energy Group") is pleased to announce that, further to its news releases dated May 1, 2026, July 28, 2026 and August 6, 2026, it has completed the first tranche (the "First Tranche") of its previously announced non-brokered private placement financing (the "Private Placement") of units of the Company ("Units"). The Company issued 9,438,071 Units at a price of C$0.05 per Unit for aggregate gross proceeds of approximately C$471,903.

Each Unit consists of one (1) common share of the Company (each, a "Common Share"), and one (1) Common Share purchase warrant (each, a "Warrant"), with each Warrant exercisable to acquire one Common Share at a price of C$0.10 per share for a period of 36 months from the date of issuance.

The First Tranche was completed in accordance with the terms of the partial revocation orders (the "Partial Revocation Orders") issued by the Ontario Securities Commission (the "OSC") on April 23, 2026 and August 6, 2026, each of which partially revoked the failure-to-file cease trade order issued by the OSC against the Company on May 7, 2025 (the "FFCTO") for purposes of permitting the Company to complete the Private Placement.

Prior to closing of the First Tranche, each subscriber of the Private Placement (collectively, the "Subscribers"): (i) received copies of the FFCTO and the Partial Revocation Orders, and (ii) delivered an acknowledgement to the Company confirming that all of the Company's securities, including the Units and the underlying securities issued in connection with the Private Placement, will remain subject to the FFCTO unless and until the FFCTO is fully revoked, and that the granting of the Partial Revocation Orders by the OSC does not guarantee that a full revocation of the FFCTO will be granted in the future.

The First Tranche included subscriptions from insiders of the Company for an aggregate of 1,982,688 Units or approximately C$99,134. This participation by insiders of the Company constitutes "related party transactions" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). For these transactions, the Company has relied on the exemption from the formal valuation requirement contained in Section 5.5(a) of MI 61-101 and has relied on the exemption from the minority shareholder requirements contained in Section 5.7(1)(a) of MI 61-101, as well as the corresponding exemptions contained in Policy 5.9 of the TSX Venture Exchange (the "").

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