Fundraise to increase production & cash flow

Nostra Terra Oil and Gas Company Plc

("Nostra Terra", "NTOG" or "the Company")

21 November 2024

£500,000 Fundraise aimed at increasing production and cash flow at Pine Mills

Nostra Terra (AIM: NTOG), the international oil & gas exploration and production company with development and production assets in Texas, USA, is pleased to announce a successful fundraise supported by institutional investors, Directors and Management, existing shareholders and new investors.

The Company has raised £500,000 (before expenses) through a subscription and placing of 2,173,913,042 new ordinary shares (the "Fundraise Shares") at a price of 0.023p per share (the "Placing Price") (the "Fundraise").

The Company has embarked on a major workover and development programme at its principal producing asset at Pine Mills. It has successfully delivered on the 1^st phase of the workover programme during September and October 2024 which increased oil production by 30 bopd above that in August 2024.  Net proceeds from this Fundraise will be used to accelerate the planned 2^nd phase workover programme on 4 additional wells to deliver further potential significant increases in production and cash flow in the near term.

Paul Welch, Nostra Terra's Chief Executive Officer, said:

"Today's fundraise is an important next step in the rebuilding of NTOG as it enables us to accelerate the 2^nd phase workover program in Pine Mills following on immediately after the very successful 1^st phase and so deliver further potential significant increases in production, improved net backs and increased cash flow, all the more quickly.  I would like to thank those shareholders and new institutional investors who supported the fundraise, and I look forward to updating everyone on our operational progress over the coming months."

Application for Admission and Total Voting Rights

An application will be made to the London Stock Exchange for the 2,173,913,042 Fundraise Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 27 November 2024.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that on issue of the Fundraise Shares and following Admission, the Company's enlarged issued ordinary share capital will comprise 4,775,433,574 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.

Director participation

The following Directors of the Company have subscribed for Fundraising Shares (the "Director's Subscription"):

*including 255,000,000 existing ordinary shares held by Dos Hermanos International, LLC, of which Mr Newman is a principal.

The subscription by the Directors in the Fundraise, as outlined above and when aggregated with past subscriptions in the last 12 months, are related party transactions under the AIM Rules for Companies. Accordingly, John Stafford, the independent director, having consulted with the Company's nominated adviser, SP Angel Corporate Finance LLP, considers the terms of the Director's Subscription to be fair and reasonable insofar as shareholders are concerned.

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:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM