SOUTHERN ENERGY CORP. ANNOUNCES

RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS

Calgary, Alberta - June 21, 2024 - Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU) (AIM:SOUC) (OTCQX:SOUTF) is pleased to announce that at the annual general and special meeting (the "Annual Meeting") held on June 20, 2024, all of the nominees listed in the Company's management information circular dated May 6, 2024 (the "Information Circular"), were elected as directors of the Company until the next Annual Meeting of shareholders or until their successors are elected or appointed.

All other items of business put forward to shareholders at the Annual Meeting were approved. For further details, please review the Information Circular of Southern dated May 6, 2024 under the Company's SEDAR profile at www.sedar.com.

For further information about Southern, please visit our website at www.southernenergycorp.com or contact:

Southern Energy Corp.

Ian Atkinson (President & CEO)                                                      +1 587 287 5401

Calvin Yau (CFO)                                                                             +1 587 287 5402

Strand Hanson Limited - Nominated & Financial Adviser

James Spinney / James Bellman / Rob Patrick                              +44 (0) 20 7409 3494

Stifel Nicolaus Europe Limited - Joint Broker

Callum Stewart / Ashton Clanfield                                                   +44 (0) 20 7710 7600

Tennyson Securities - Joint Broker

Peter Krens / Pav Sanghera                                                            +44 (0) 20 7186 9033

Camarco

Owen Roberts / Billy Clegg / Hugo Liddy                                         +44 (0) 20 3757 4980

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to premium commodity pricing in North America. 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.