KOSK
Metawells Oil & Gas Inc.

Press Release

For Immediate Release

January 2, 2025

Metawells Strengthens Board of Directors

Metawells Oil and Gas Inc. (OTC PINK: KOSK), a Neveda Corporation, announced today that it has a new Board of Directors to prepare it for success in its next phase of business.

Ron Minsky, the new Chairman and CEO, announced that he will be joined on the Board by Paul Haber and Joseph D’Amico.

Mr. Haber is the Chairman and Managing Director of Summit Bancorp Inc. a Toronto based merchant bank.  He has served on numerous boards of directors, typically as the audit committee chair.  Mr. Haber is a Chartered Accountant and a CPA.  He has a BA Degree with Honours in Management from the University of Toronto and was awarded a Chartered Director designation from the DeGroote School of Business at McMaster University in partnership with the Conference Board of Canada.

Mr. D’Amico is the Chairman and CEO of South Plains Petroleum, Inc. an oil and gas producer based in Abilene, Texas, with operations in the northeastern Permian basin and in South Louisiana in several Parishes around Lafayette.  Mr. D’Amico is a native of Louisiana and holds undergraduate and graduate degrees in Petroleum Engineering from Louisiana State University.  Among his numerous positions in his 45-year career in the oil and gas industry he served as Chief Operating Officer of Swift Energy, taking them from 700 barrels a day to being the largest oil producer in Louisiana.  He also holds an MBA from the University of Houston.

Mr. Minsky is an attorney with a large multistate law firm, where his specialty is securities law.  He holds a BS degree from New York University, an MBA from Drexel University, and a JD from Widener University.

About Metawells Oil & Gas Inc.

Metawells Oil & Gas Inc. is a holding company founded in the State of Nevada and engaged in two sectors, the energy sector, and the sector of technology. The Company is set to forge strategic collaborations and develop both business segments to accelerate the company growth. The company is currently working on its strategic business plan to become an oil producer, focused on multi-zone development.

Forward-Looking Statements:

Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency, profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.

Contact Information

For more information contact:

Ronald Minsky, CEO

Phone: (212) 381-8029

contact@metawellsinc.com