Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") today announced that on April 25, 2023 the Company entered into agreements (collectively, the "Termination Agreements") canceling and terminating, effective as of the agreement date, one hundred percent of the warrants held by Discover Growth Fund, LLC ("Discover") and Antilles Family Office, LLC ("Antilles"). The Termination Agreements also include a provision granting the Company the right to redeem the remaining shares of Series C Preferred Stock held by Antilles, subject to the conditions set out therein. Prior to entering into the Termination Agreements Camber had already extinguished, through redemptions and conversions, approximately ninety-four percent of previously issued shares of Series C Preferred Stock.

James Doris, President & CEO of Camber stated "We continue to improve the company's capitalization, and are firmly committed to strengthening our platform and expanding our portfolio of products, services and innovative technologies that are in high demand regardless of market conditions."

Additional details regarding the Termination Agreements were included in, and the description above is qualified in its entirety by, Camber's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 26, 2023, which is available under "investors" - "SEC filings" at .