CHANGE OF CORPORATE BROKER

VALEURA ANNOUNCES CHANGE OF CORPORATE BROKER

Calgary, December 4, 2020: Valeura Energy Inc. (TSX:VLE, LSE:VLU) ("Valeura" or the "Company"), an upstream oil and gas company with assets in the Thrace Basin of Turkey, is pleased to announce the appointment of Auctus Advisors LLP as its sole corporate broker, with immediate effect.

For further information please contact:

Valeura Energy Inc. (General and Investor Enquiries) +1 403 237 7102 Sean Guest, President and CEOHeather Campbell, CFORobin Martin, Investor Relations ManagerContact@valeuraenergy.com, IR@valeuraenergy.com

Auctus Advisors LLP (Corporate Broker) +44 (0)7711 627 449Jonathan Wright

valeura@auctusadvisors.co.uk

CAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980 Owen Roberts, Billy Clegg, Monique Perks, Hugo LiddyValeura@camarco.co.uk 

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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