Southern Energy Corp press release

Southern Energy Corp. Announces Director Share Purchase

2022-01-24

TSXV - TSX Venture Exchange · Natural Gas · Natural Gas Liquids · Oil · Canada · Management & Governance

CALGARY, AB / ACCESSWIRE / January 24, 2022 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC) announces the following purchases of Company common shares. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the applicable transaction.

| 1. | Details of the person discharging managerial responsibilities / person closely associated | | | a) | Name | Steven Smith | | 2. | Reason for the notification | | | a) | Position/status | Director | | b) | Initial notification /Amendment | Initial notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | | a) | Name | Southern Energy Corp. | | b) | LEI | 213800R25GL7J3EBJ698 | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | | | a) | Description of the financial instrument, type of instrument | Common shares in Southern Energy Corp. | | | | | | Identification code | CA8428133059 | | | | | | | b) | Nature of the transaction | Purchase of common shares on the open market | | c) | Price(s) and volume(s) | 200,000 common shares at a price of CAD0.4088 | | d) | Aggregated information | N/A | | | | | | | | | | e) | Date of the transaction | 18 January 2022 | | f) | Place of the transaction | Toronto Stock Exchange |

For further information, please contact:

| Southern Energy Corp.

Ian Atkinson (President and CEO)

Calvin Yau (VP Finance and CFO) | +1 587 287 5401

+1 587 287 5402 | | | | Strand Hanson Limited - Nominated & Financial Adviser

James Spinney / James Bellman

Hannam & Partners - Joint Broker

Samuel Merlin / Ernest Bell

Canaccord Genuity - Joint Broker

Henry Fitzgerald-O'Connor / James Asensio | +44 (0) 20 7409 3494

+44 (0) 20 7907 8500

+44 (0) 20 7523 8000 | | | | Camarco

James Crothers, Billy Clegg, Daniel Sherwen | +44 (0) 20 3757 4980 | | | | | | | | | | | | |

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

SOURCE:Southern Energy Corp.

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