Nostra Terra Regulatory News (NTOG)

11 January 2024

Nostra Terra Oil and Gas Company Plc

("Nostra Terra" or "the Company")

Growth Plans and Fundraise

Issue of Equity & TVR

Nostra Terra (AIM: NTOG), the international oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce growth plans and a successful fundraise supported by institutional investors.

Following the success of the Fouke wells at the Company's Pine Mills asset in East Texas, Nostra Terra has been looking for similar opportunities in this prolific region of East Texas. The Company is nearing completion of an agreement that will allow it to develop additional, analogous opportunities over a large area both within and contiguous to the existing Pine Mills acreage using modern 3D seismic data. Previous use of this seismic data has resulted in the successful Fouke wells and other similar aged prospects in this area. Based on the experience gained from Pine Mills, this opportunity has the potential to provide an inventory of drilling locations for many years to come.

To support this, the Company has raised £300,000 (before expenses) through a subscription and placing of 250,000,000 new ordinary shares at a price of 0.12p per share (the "Placing Price") (the "Placing"). Funds from the Placing will be used to develop the drilling opportunities around its Pine Mills asset and for general working capital. The fundraise was cornerstoned by institutional investors.

Matt Lofgran, Nostra Terra's Chief Executive Officer, said:

"The Fouke wells at Pine Mills have been a great success, providing strong returns for the Company. I am delighted to announce that we have strong support from respected institutional investors, which will now allow us to accelerate growth opportunities in front of us. We anticipate closing the Pine Mills transaction in the coming days."

The Company has raised, in aggregate, £300,000, before expenses, by way of a subscription for 100,000,000 new ordinary shares (the "Subscription Shares") (the "Subscription") and a placing of 150,000,000 new ordinary shares at a price of 0.12 pence per share (together the "Fundraise Shares"). In addition, an existing noteholder, Discovery Energy Ltd, has requested to be able to convert some of their outstanding note into equity and therefore £30,000 is being converted at the Placing Price by the issue of an additional 25,000,000 new Ordinary Shares (the "Conversion Shares"). In connection with the Placing, 9,000,000 broker warrants have been granted to Novum Securities Limited and 8,000,000 warrants have been issued to consultants, exercisable at the Placing Price with a three-year expiry. The Subscription is with Dos Hermanos International, LLC who, as a result of their subscription, are expected to hold 100,000,000 Ordinary Shares representing approximately 9.8% of the Company's enlarged issued share capital.

An application will be made to the London Stock Exchange for the 250,000,000 Fundraise Shares and 25,000,000 Conversion Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 25 January 2024.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that on issue of the Fundraise Shares and Conversion Shares and following Admission, the Company's enlarged issued ordinary share capital will comprise 1,021,520,534 Ordinary Shares.

The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information, contact: