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Regulatory press release

ShaMaran Petroleum Corp.: ShaMaran August 2022 Atrush Payment Received

ShaMaran Petroleum
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VANCOUVER, BC, Feb. 2, 2023 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms receipt of payment today for the August 2022Atrush crude oil sales in the amount of $11.98 millionnet to the Company. With this payment the total amount received for the month ofAugust 2022crude oil sales is$21.34 millionnet to the Company.

OTHER

This information contains information that ShaMaran is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact persons set out below, on February 2, 2023, at 5:30 p.m. Eastern Time.  Arctic Securities AS (Swedish branch) is the Company's Certified Adviser on Nasdaq First North Growth Market (Sweden) +46844 68 61 00, certifiedadviser@arctic.com.

Neither the 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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Instagram: @shamaranpetroleumcorp (https://www.instagram.com/shamaranpetroleumcorp/)

Twitter: @shamaran_corp (https://twitter.com/shamaran_corp)

Facebook: @shamaranpetroleumcorp (https://www.facebook.com/shamaranpetroleumcorp/)

View PDF version (https://mb.cision.com/Public/17253/3708436/b93a5cd3e0543288.pdf)

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