Petrogress, Inc. CEO Christos Traios Delivers Open Letter to Shareholders - Seite 2

Our long-term goal is to become a global leader in the oil and shipping industries. To reach this goal, we plan to:

• Expand our current fleet by purchasing two additional tankers, subject to financing, in order to increase monthly deliveries of crude oil by 25,000 tons (180,000 bbls) within the next 6 months;
• Finalize negotiations and execute an agreement with an oil refinery in Ghana to increase monthly crude oil deliveries by 100,000 barrels upon completion of the storage facility construction;
• Enhance our partnership relationship with an offshore oil rig in Ghana to resume oil production, storage and blending operations;
• Form a partnership with a company that provides ship-to-ship operations in the Gulf of Guinea;
• Purchase interests in oil fields in Texas and expand LNG sales from Texas to Southern European countries; and
• Apply for listing on the OTCQB from OTC PINK.

We value the support of our shareholders as we execute on our plans to become a vertically integrated global energy company;

Until we communicate again, Happy Holidays.
Respectfully,
Christos Traios, CEO

About Petrogress, Inc.
Petrogress Inc. operates a fully integrated oil commodity business, including upstream, midstream and downstream operations, primarily serving West Africa and the Mediterranean. The Company operates primarily as a holding company and provides its services through three wholly owned subsidiaries: Petrogres Co. Limited, which provides management of crude oil purchases and sales; Petronav Carriers LLC, which manages day-to-day operations of the tanker fleet currently consisting of four vessels; and Petrogress Oil & Gas Energy Inc., which is primarily focused on purchasing interests in oil fields in Texas and exporting liquefied natural gas.

The Company's main operations are managed by an experienced team, located in Piraeus, Greece. By combining regional market knowledge and excellent service to its customers, along with more than 25 years of experience in shipping and ship management, its core business has earned a reputation for reliably marketing and moving petroleum products.

For more information, please visit our website: www.petrogressinc.com

Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include, without limitation, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker shipping capacity, changes in our operating expenses, including oil prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Petrogress does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in the Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the Securities and Exchange Commission (the "SEC") on April 19, 2016 and future periodic reports filed with the SEC on or after the date hereof. All of Petrogress' forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.