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Nexera Energy Inc. (TSX Venture: NGY, OTC: EMBYF) (the “Corporation”, the “Company” or “Nexera”) is pleased
to announce that the Company, in partnership with Alliance Petroleum Interests (“Alliance”) of Dallas, Texas, will
drill the second deep horizontal well at the Company’s Stockdale Horizon project in South Texas. Both Nexera and
Alliance are pleased with results to date at the first Stockdale horizontal well (McGrew 1H), and second well has
now been permitted. The surface lease has been prepared for drilling, and it is anticipated that the well will be
spudded on or about November 12, 2021. Drilling the well to a total measured depth of approximately 6,400 feet
will take several weeks.

These first two wells at Stockdale represent the Company’s commitment to a new transformative strategy of
drilling high impact horizontal wells as part of the Company’s exploration program in South Texas.

Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas.
Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. Additionally, the
Company owns and operates various working interests in the HugoCellR, HagCo, and MarPat partnerships. The
Company also now owns 100% of Production Resources Inc., a South Texas oil company.

For further information, please contact: Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000 Email:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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