Director/PDMR Shareholding

VALEURA ANNOUNCES PDMR SHARE DEALING

Calgary, December 1, 2020: Valeura Energy Inc. (TSX:VLE, LSE:VLU) (the "Company"), an upstream oil and gas company with assets in the Thrace Basin of Turkey, announces that its Vice President, Exploration, Rob Sadownyk, purchased a total of 200,000 common shares of no par value in the capital of the Company at an average price of C$0.473 per share (approximately £0.272 per share) on the Toronto Stock Exchange between November 26th and November 30th, 2020.

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 Manager[email protected], [email protected]

Canaccord Genuity Limited (Corporate Broker) +44 (0) 20 7523 8000 Henry Fitzgerald-O'Connor, James Asensio

CAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980 Owen Roberts, Billy Clegg, Monique Perks, Hugo Liddy[email protected] 

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.