Southern Energy Corp. ('Southern' or the 'Company') (TSXV: SOU) (AIM: SOUC) (OTCQX: SOUTF) announces the following update on its block admission of shares to be issued to holders of the outstanding warrants issued in 2021 (the '2021 Warrants') and the outstanding 8% convertible unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021 (the 'Convertible Debentures').

Total Voting Rights

At May 5, 2023, the total number of voting rights in the Company was 139,041,285 which may be used by shareholders as the denominator for the calculations by which they will 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. There are no Common Shares held in treasury and each Common Share entitles the holder to a single vote at general meetings of the Company.

Contact:

Tel: +1 587 287 5401

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.

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