Press Releases

FRISCO, TX - (NewMediaWire) - March 20, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas royalty company, today issued its third quarter shareholder update, along with its 10-Q filing with the highlights of the Quarter and what is in store for the future. The Company remains optimistic on the oil and gas industry’s growth prospects and its opportunistic acquisition opportunities. Verde has built an excellent portfolio to date and is excited about the recent decline in pricing as it looks to capitalize on unique opportunities into its next phase of growth. With acquisition opportunities that current lower prices present and as commodity prices rise again, so does the Company’s revenue on a relative basis with no increased cost to Verde. Management believes the Company is very well positioned for the next phase of its growth and is attractively priced at its current valuation; trading at approximately 1/5th of its asset base. Commenting on the results, CEO Scott Cox said:"I'm pleased to report another quarter of consistent execution towards our growth initiatives driven by the strategic expansion of our low-risk, long-life, low-decline asset acquisition model. Looking forward, we are focused on the growth of our portfolio and revenues as well as overall profitability. The recent pullback in commodity prices is providing for attractive acquisitions that fit within our core focus. Additionally, our differentiated and value focused business model continues to deliver exceptional results. As the Company transitions into a more traditional E&P company which holds a significant portfolio of revenue producing royalties, we are very excited about our future. We look forward to this next phase of growth as we streamline operations and push towards profitability and growth. Over the coming months, we also plan to begin divesting of our non-core properties as we become laser focused on solely minerals and royalties.” Third Quarter Key HighlightsThe Company remains focused on the consistent execution of its business model and is pleased to share the below highlights:Total Reserves as of 01/31/2023 were $3.29 million PV-10 value based upon SEC required pricing at $92.01/bbl oil and $6.19/MMBTU/ of Natural Gas.Total Adjusted Revenue of $170,312 compared to revenues of $301,567 for the three months ended January 31, 2022. Further, as part of the revenues generated from the oil and gas properties, the Company recorded depletion expense of $84,700 during the three months ended January 31, 2023, compared to depletion expense of $227,256 during the period ended January 31, 2023, which represents the proportionate use of the produced units in the properties relative to proven and probable reserves. The overall decrease in depletion expense is reflective of the overall slowed pace of investment in royalty properties due to the high commodity priced environment as of late. The Quarter was somewhat quiet for the Company with acquisitions but was ripe with activity as it transforms for its next phase of growth. Revenue was down for the quarter due to a decline in commodity prices as well as lower production in areas such as the Haynesville and the Permian due to wells being shut in and taken off-line while new wells are completed and fracked nearby. While it does protect Verde’s wells, it also can cause up to a multi-week disruption in production and thus revenue to the Company. The Company continues to strive toward its goal of profitability. Net loss for the quarter was $414k which included a one-time expense of $150k for unrecoverable deposits made on properties that it did not ultimately close as well as significantly higher legal and accounting costs associated with the reverse split and name change it recently announced. Portfolio Highlights and Acquisition Activity:To date, the Company has made over 18 acquisitions of revenue producing properties and recently announced an option to acquire another. The Company currently has revenue producing royalty interests in over 400 wells under operators such as, SWN Energy, ...

Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana FRISCO, TX - (NewMediaWire) - February 21, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to acquire revenue producing mineral and royalty interests in the prolific Haynesville Shale of Northern Louisiana, held by a private seller for a purchase price of $425,000 in cash. The Company continues to build a diversified, revenue producing portfolio of high-quality assets. Today’s announcement marks the nineteenth acquisition by Verde to date.This interest acquired by Verde currently produces approximately $10,000 per month in revenue and Verde is entitled to the cash flow from production attributable to the acquisition beginning on or after February 1, 2023. The acquisition is set to close on or before April 15, 2023.The interest being acquired covers approximately 1,200 gross acres in Desoto Parish, LA and is operated by E&P leader, Southwestern Energy. Currently, there are 8 wells producing from the Haynesville formation and a number of inactive wells, which will likely be reworked and brought online in the near future, along with an excellent outlook for more wells on the acreage given Southwestern’s aggressive drilling schedule and well performance in the immediate area of the acreage being acquired.Scott Cox, CEO of Verde, said, “We are excited about the interests being acquired through this acquisition especially as deals like this are difficult to find at fair prices. We continue to build a strong pipeline of quality acquisitions in conjunction with our upcoming reverse split and name change as we strategically source the best capital for our next phase of growth. This is a great natural gas addition to our portfolio and we are proud to have built a Company which is creative and flexible enough to take advantage of these deals when they become available.”Mr. Cox added: “We have great confidence in these assets, as well as the Haynesville and we look forward to jointly benefiting as they continue to operate and develop the resource. Southwestern is a highly reputable, active and well-funded operator and we are very pleased that this is one of their core areas. We have high expectations for this property and its future. With the LNG terminals coming online in Texas and Louisiana we are very bullish on natural gas and plan to add much more to our portfolio while commodity prices have dipped from recent highs.”“Acquisitions like this continue to confirm our growth plan of acquiring diversified minerals and royalties and building a strong portfolio while taking advantage of the current buyer’s market. We remain focused on executing our business plan and creating long-term value for our shareholders. Through our balanced approach of capital raising and acquisitions, we are building a highly diversified portfolio of revenue producing interests and look forward to continuing to build on these through future strategic acquisitions,” Mr. Cox concluded.About Verde Bio Holdings, Inc.Verde Bio Holdings, Inc. (OTCQB: VBHI), is a growing U.S. Energy Company based in Frisco, Texas, engaged in the acquisition and development of high-growth mineral rights and select non-operated working interests in premier US basins. Verde currently owns producing mineral, royalty and over-riding royalty interests in the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Anadarko Basin of Oklahoma, the Delaware and Permian Basin of Texas and the Marcellus and Utica shales in West Virginia. The Company is focused on providing strong shareholder returns through asset growth generated by our acquisitions of revenue producing assets. For more information, go to: www.verdebh.comSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995:Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the ...

FRISCO, TX - (NewMediaWire) - February 9, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas company, today announced that with the sustained higher oil and gas prices, its well count continues to rise. Recently, the company has received notice of over 8 new wells being brought online on its oil and gas properties. The main areas of continued new development are on the company’s Permian Basin, Haynesville shale properties which allows a solid mix of oil and gas new development. A well being brought online indicates a new producing well and a permit indicates an intention to drill. With the addition of these wells, the company now has over 500 producing wells in its portfolio.   Scott Cox, Founder and CEO, stated, “We are seeing significant growth in our Haynesville Shale acreage, where Southwestern and Chesapeake continue development at a blistering pace. The Company recently received notices of multi-unit horizontal wells in Desoto Parish. The Permian Basin of Texas also continues to be active with SEM continuing to drill and bring new wells online in Crockett County as well as Ovintiv and their continued development of the Company’s Howard County acreage. With oil and gas commodity prices still trending at elevated levels, new oil and gas wells on our properties equates to increased revenues and do not require any additional investment by VBHI, as the mineral and royalty owner.  Additionally, we continue to be diligent in buying properties at the right price and in the right areas, to ensure the Company and its investors reap the benefits of the rise in commodity pricing as well as the continued development of our acreage.” The Company recently announced a Reverse Split and Name Change. This is a positive step forward for the company and will position it well for the capital markets. The new stock pricing and tightening up of the issued and outstanding shares will help attract institutional and other types of investors. The Company is also currently evaluating banks and options for a capital raise once the reverse split and name/ticker change become effective, which will allow the company to acquire new assets at lower pricing as well as take advantage of the upcoming LNG export boom with natural gas acquisitions.  On a Corporate note, we continuously review new deals for acquisition and are steadily working through the reserve report valuation of our assets and the accounting of the Company for our upcoming 10-Q.  About Verde Bio Holdings, Inc. Verde Bio Holdings, Inc. (OTC: VBHI) is an Energy Company based in Frisco, Texas, engaged in the acquisition and management of Mineral and Royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2021 Annual Report on Form 10-K and quarterly reports on Form 10-Q. Contact:Kirin Smith, PresidentPCG Advisory, ...

Strategic Decision to Support Improved Investor Profile and Position Company for Next Stage of Success