12 October 2022

Coro Energy PLC

("Coro" or the "Company" and together with its subsidiaries the "Group")

Philippines Wind Project - Endorsement by Department of Energy

Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces the endorsement by the Philippines Department of Energy of Coro's Area of Interest ("AOI") for its first 100MW wind project.

The Company's proposed AOI for its onshore Oslob Wind Power Project in Oslob, Cebu, which covers a 4,617 hectare area, has now been authorised to proceed with the filing of a wind energy service contract application. This is a critical gateway to initiating the formal permitting process and enabling the installation of a metalogical mast for the further collection of wind data. The Company expects to file the application for a wind energy service contract, which reserves the AOI, to the Philippines Department of Energy prior to the end of November 2022.

Further announcements will be made, as appropriate.

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