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Invictus Energy Ltd ASX : IVZ June 2021 Quarterly Activities Report INVICTUS ENERGY LIMITED DATE : 28 JULY 2021 HIGHLIGHTS • Seismic contract awarded to Polaris to conduct 2D survey in Cabora Bassa Basin • Mr Joe Mutizwa appointed as a Non - Executive Director and Deputy Chairman of Invictus • Aztech Well Construction appointed as Drilling Project Manager • SG 4571 tenure renewal formally Gazetted for 3 years to June 2024 Invictus Energy Limited ( " Invictus " or " the Company " ) , is pleased to provide an update of its activities of its 80 % owned and operated Cabora Bassa Project in Zimbabwe for the quarter ending June 2021 . Comments from Managing Director & CEO Scott Macmillan " This has been an excellent quarter for the Company which has seen us advance our exploration program with award of the seismic contract to Polaris and drilling management contract to Aztech Well Construction . The seismic program is progressing well with line clearing operations having commenced in mid July and recording scheduled to commence in August . We have been extremely pleased with the response for our recruitment for the field crew and have filled all the positions from within the local community . The drilling planning is progressing well with the completion of the preliminary Basis of Well Design ( BoWD ) completed which will enable the ordering of long lead drilling items for fabrication . The rig selection process is well advanced and the Company has received strong interest from multiple drilling rig contractors in the region . We are also delighted to welcome Joe Mutizwa to the Board as Non- Executive Director and Deputy Chairman . Joe is a recognised senior business executive with a distinguished track record of leading some of the country's largest businesses and advisory boards . Joe's appointment will strengthen the Invictus Board at a critical time as the Company ramps up operations in Zimbabwe . About Invictus Energy Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub - Saharan Africa . Our asset portfolio consists of a highly prospective 250,000 acres within the Cabora Bassa Basin in Zimbabwe . Special Grant 4571 contains the world class multi- TCF Mzarabani and Msasa conventional gas - condensate prospects . Board & Management Dr Stuart Lake NON - EXECUTIVE CHAIRMAN Joe Mutizwa NON - EXECUTIVE & DEPUTY CHAIRMAN Scott Macmillan MANAGING DIRECTOR Brent Barber COUNTRY MANAGER Barnaby Egerton - Warburton NON - EXECUTIVE DIRECTOR Gabriel Chiappini NON - EXECUTIVE DIRECTOR & COMPANY SECRETARY Invictus Energy Limited ABN 21 150 956 773 24 Outram Street , West Perth , WA 6005 Australia T : +61 8 6102 5055 E : info@invictusenergy.com www.invictusenergy.com