Orca Energy Group Inc. Announces Discontinuance of Swala Tanzanian Court Proceedings

Core Viewpoint - Orca Energy Group Inc. has reached an agreement with Swala Oil and Gas (Tanzania) plc to discontinue legal proceedings and refer disputes to confidential arbitration [1] Group 1: Legal Agreement - The Orca Group and Swala have agreed to discontinue Swala's proceedings against Orca before the High Court of Tanzania [1] - The anti-suit injunction filed by the Orca Group against Swala in the High Court of England and Wales has been stayed [1] - Any disputes will be referred to arbitration under the Arbitration Rules of the London Court of International Arbitration, with London as the arbitration seat [1] Group 2: Company Overview - Orca Energy Group Inc. is engaged in natural gas development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited [2] - The company trades on the TSX Venture Exchange under the symbols ORC.A and ORC.B [2]