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Invictus Energy Ltd ASX : IVZ Sept 2021 Quarterly Activities Report INVICTUS ENERGY LIMITED DATE : 27 OCTOBER 2021 HIGHLIGHTS • CB21 Seismic Survey commenced • Seismic data processing Contract awarded to Earth Signal • Drilling long lead items tender completed • Rig selection process nearing finalisation for 1H 2022 drilling campaign • Corporate Social Responsibility Program Expanded 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 September 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 the commencement of the CB21 Seismic Survey campaign by Polaris which has produced a step change in data quality compared to the previous Mobil survey acquired in 1990. The HSE performance during seismic survey has been outstanding with > 100,000 hours LTI and incident free completed by mid - October which is a testament to Polaris and Invictus teams during the campaign . The Company also advanced its drilling plans for 1H 2022 basin opening drilling program with completion of the tender for long lead items , well services , and rig selection . The Company ended the quarter with a strong cash balance of $ 7.3 million . The Company is also finalising its US based OTCQB listing following significant investor interest from North America and will trade under the ticker symbol " IVCTF " . The Company has an exciting and transformative period ahead as we work towards the 1H 2022 drilling campaign . " 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 Gabriel Chiappini NON - EXECUTIVE DIRECTOR & COMPANY SECRETARY Brent Barber COUNTRY MANAGER 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