LNG Energy Group Corp. Enters into Binding Exclusivity Agreement and Letter of Intent to Establish a US$200 million Strategic JV to Fund Oil And Gas Investments in Venezuela

Not for distribution to United States newswire services or for dissemination in the United States TORONTO, ON / ACCESS Newswire / May 26, 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 it has entered into a binding exclusivity agreement and a Letter of Intent ("LOI") to enter into a 50/50 joint venture with Fifth Ocean Management LP, in partnership with Westlawn Group, (together "Fifth Ocean") for the exploration and development of existing, and future, oil and gas blocks in Venezuela. Under the terms of the proposed joint venture, the Parties will establish a new JV company (the "JV Company") organized in the United States to invest in oil and gas exploration and development projects in Venezuela.