Eugene Chaban, the Company's Chief Financial Officer and Sergey Panchuk, the Company's Chief Operating Officer agreed to acquire 3P International Energy Ltd and Tysagaz LLC from Cub Energy Inc. (TSXV:KUB) for $1 on July 8, 2022. The sale is for a nominal consideration of $1 and the buyer assuming all of 3P's and Tysagaz' liabilities including the Ukraine bank debt that is guaranteed by Cub and all provisions for reclamation costs. upon completion, Eugene Chaban and Sergey Panchuk will hold 500 shares each in 3P International Energy Ltd and Tysagaz LLC. Cub Energy shall return to Eugene Chaban and Sergey Panchuk within 5 business days from the Completion the amount of EUR 20,000 paid as a refundable deposit. If any of the conditions enumerated in clause 4.1. have not been fulfilled or waived by the 14th day from the signing date of this Agreement, this Agreement shall terminate. The sale is subject to several conditions which include entering into a definitive agreement, regulatory approval and shareholder approval. The transaction is expected to close in the next month.