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Pieridae Energy Limited: Pipeline Steam Release – Notice

Press Release

August 9 2022

CALGARY, ALBERTA – August 9, 2022 ‐ Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO)
At approximately 2030 MST on Monday, August 8th a pipeline released steam in the Caroline area.  Pieridae is currently investigating the issue. There is currently no harm to the public.

Local emergency organizations and government agencies have been notified. Traffic control is being set up to deter the public from the area.

About Pieridae
Pieridae is a majority Canadian‐owned corporation based in Calgary that was founded in 2011. The Company is focused on the exploration, extraction and processing of natural gas as well as analyzing options for a reconfigured LNG Project that fits with the current environment and would supply Europe and other markets. Pieridae provides the energy to fuel people’s daily lives while supporting the environment and the transition to a lower‐carbon economy. After completion of all the transactions disclosed in this news release, Pieridae has 157,641,871 common shares issued and outstanding which trade on the TSX (PEA.TO).

For further information please contact:

Ami Broom, Information Officer
Telephone: (403) 261-5900

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