TSX-V: NZ     C$ 0.02 +0.00 +0% Volume: 503,000 August 17, 2017

About NZEC

Management Team

NZEC is led by an experienced senior management team with a strong track record of success in oil and natural gas exploration and development. The team has individually and collectively added corporate value in a number of oil and gas ventures over the past several decades. All NZEC's employees live and work in New Zealand, with an accounting and administration team, a team providing corporate oversight and investor relations, an operations team, a geotechnical team, and also a team operating the Waihapa Production Station.

Chief Executive Officer , , , Michael Adams, M.Sc., B.Sc, MRSNZ

Mr Adams has 30 years of commercial, management, operational and reservoir engineering experience in New Zealand, Australia, the Middle East and the North Sea. Mr Adams qualified with M.Sc. (Hons. Physics) B.Sc (Physics, Geology) and the initial stages were with New Zealand’s national oil company, Petrocorp, where he was involved in the initial appraisal and development of the Waihapa field (New Zealand’s second largest onshore oil field), development of the McKee field (New Zealand’s largest onshore oil field) and the discovery of the Mt Messenger accumulations at Kaimiro. Mr Adams subsequently worked overseas including engagements with BHP Petroleum and QGPC (Qatar) before returning to New Zealand in 1996 to work for Fletcher Challenge Energy focused in particular on secondary and enhanced recovery projects in various Taranaki fields. Mr Adams set up his own reservoir engineering consultancy in 1999 and has been involved in many successful project assignments both in New Zealand and overseas, most recently including tenure with Belltree UK where he has been Technical Manager for a 16 man consultancy leading international projects covering prospect evaluation, field appraisal and development planning and EOR.

Chief Financial Officer , , , Derek Gardiner, CA

Derek joined the Company in January 2014 as Chief Financial Officer. Derek is a New Zealand Chartered Accountant and Chartered Secretary with a Master of Business Studies and more than 25 years of experience in the oil and gas industry in New Zealand, Australia and Asia. He has held senior financial, business planning and accounting positions with Origin Energy NZ, Austral Pacific Energy and a number of subsidiaries of Shell. Most recently he was Commercial and Finance Manager with Origin Energy NZ. Derek brings significant governance, strategy, reporting and analysis experience to NZEC. He also brings strong leadership skills and experience managing joint venture arrangements. As CFO, Derek oversees the Company’s finance, accounting, administration and risk management activities.

General Manager Operations , , , Mike Oakes

Mike Oakes has worked in the oil and gas industry for 33 years in Canada, Brunei, Australia and New Zealand. Commencing his career as a field technician in New Zealand, he has advanced to hold various operational, technical, safety and management positions within exploration and production companies. Mike's vast experience and technical background has resulted in him overseeing design, commissioning and startup of four oil and gas production facilities. During his three years in Canada, Mike was involved with acquisitions and mergers, and developing strategies for development of marginal oil and gas plays. Following Canada, Mike moved to Brunei where he formed his own consultancy company working for French exploration and production company Giant Total, where he was responsible for commissioning, production and engineering for the Maharaja offshore and onshore facilities. After completing six years in Brunei, Mike returned to New Zealand to work for Origin Energy as Operations Manager and Asset Manager overseeing the development and operation of Origin's oil and gas assets and production facilities in New Zealand. As General Manager Operations for NZEC, Mike oversees all in-field activities including overall responsibility for all producing wells and operation of the Waihapa Production Station. Mike is also a board member of the Petroleum Skills Association of NZ (PSANZ).

About New Zealand Energy Corp.

NZEC is a publicly-traded company (TSX-V:NZ) focused on the production and exploration of oil and natural gas prospects in New Zealand.

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Last Updated: 0.02 +0.00 +0% Volume: 503,000 August 17, 2017