Serinus Energy Announces C$25.2 Million Equity Offering and Filing of Preliminary Short-Form Prospectus - Seite 2

About Serinus

Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com).

Translation: This news release has been translated into Polish from the English original.

Caution Regarding Forward-Looking Statements

This release contains forward-looking information including statements regarding the Offering and the use of proceeds therefrom and the timing thereof. The use of any of the words "target", "plans", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Such forward-looking information is based on management's expectations and assumptions, including that the Company will obtain the necessary regulatory approvals, including the approval of the Toronto Stock Exchange, the Company and Agent will enter into an agency agreement and the other conditions to closing the Offering will be satisfied, the Company's projected capital investment levels, the flexibility of capital spending plans and the associated source(s) of funding, and the ability of the Company's drilling program to enhance production. Forward-looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: any of the assumptions on which such forward-looking information is based vary or prove to be invalid, including that the Company will be unable to obtain the necessary regulatory approvals, including the approval of the Toronto Stock Exchange, the Company and the Agent will not enter into an agency agreement and the other conditions to closing the Offering will not be satisfied in a timely manner or at all, the availability of certain equipment and services and the Company's access to such equipment and services, political, social, fiscal, legal and economic risks in the countries in which the Company operates, partner or counter-party risk, geological, technical, drilling and processing problems and the other risks identified in the Company's most recent Annual Information Form under the "Risk Factors" section, the Company's most recent management's discussion and analysis and the Company's other public disclosure, available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to take into account important factors that could cause actual costs or results to differ materially, there may be other factors that cause actual results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.