18 November 2021

i3 Energy plc

("i3" or the "Company")

Appointment of Brokers

i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce that it has appointed Stifel Nicolaus Europe Limited as a joint corporate broker alongside Tennyson Securities and WH Ireland Limited, who is also the Company's Nominated Adviser.

The Company also announces the appointment of the Carlingford division of GFI Securities Limited as its mandated transaction arranger to assist i3 in issuing a new debt facility by which it expects to expand its business through asset development and/or potential acquisitions.

Graham Heath, CFO of i3 Energy plc, commented:

"We are very pleased to appoint Stifel, one of our sector's most active brokers, to raise our profile amongst current and potential equity investors. Additionally, and as previously stated, we expect to introduce a measured amount of leverage onto our balance sheet through which we would expand and accelerate the development of our Canadian assets and bolster the Company's ability to capture material inorganic opportunities as they arise. Carlingford, who i3 has very successfully relied upon previously, is best placed to assist us with this near-term undertaking."

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Enquiries:

Notes to Editors:

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the  Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.

The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.

i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance ("ESG") practices.  i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management.  The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.

i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit  https://i3.energy/.

This announcement does not contain inside information.