News & Press Releases

Curve Energy Curve Energy

CURVE ENERGY CORP. ANNOUNCES APPOINTMENT OF NEW DIRECTOR

VANCOUVER, BRITISH COLUMBIA, CANADA - April 2, 2025 - Curve Energy Corp. (the “Company” or “Curve”) is pleased to announce the appointment of Ali Mohammed Bakhsh to its Board of Directors, effective immediately. Mr. Bakhsh brings over four decades of extensive experience in the oil and gas industry, with a distinguished career spanning corporate banking, finance, and joint venture management. He brings unmatched strategic insight to support Curve’s expansion across global energy markets.

Mr. Bakhsh holds a Bachelor of Science in Business Administration from the University of Texas at Dallas. He began his career in corporate banking with Saudi American Bank (a Citibank joint venture), where he developed and led financial solutions for large-scale clients. He later joined Saudi Aramco, the world’s largest oil producer, where he held pivotal roles in sales, marketing, treasury, and joint venture development.

Most notably, Mr. Bakhsh was appointed Chief Financial Officer of the multibillion-dollar Saudi Aramco–Sinopec Joint Venture, where he oversaw financial strategy, capital planning, and operational efficiency. His ability to navigate complex cross-border partnerships and mega projects positions him as a valuable strategic partner for Curve’s global growth.

Currently, Mr. Bakhsh serves as Chairman and Co-founder of Saudi Infovision Consulting, where he advises companies across the Middle East on financial strategy and operational transformation. His prior board appointments across multiple sectors further deepen his contribution to corporate governance and long-term value creation.

Peter Joyce, CEO of Curve Energy Corp., stated “We are honored to welcome Mr. Bakhsh to our Board. His unparalleled expertise in finance and joint ventures will be a tremendous asset as we accelerate our growth strategy. His appointment underscores Curve’s commitment to strategic leadership and highlights the confidence that respected industry leaders have in our direction, long-term potential, and ability to attract world-class expertise.”

Ali Mohammed Bakhsh shared his perspective "The opportunity Curve is building is both timely and transformational. I’m excited to contribute to a company that’s innovating at the intersection of energy, technology, and sustainability. I’m pleased to join Curve Energy’s Board during such an exciting phase and look forward to supporting the company’s long-term success.”

About Curve Energy Corp.

Curve Energy Corp. is a technology-driven company pioneering advanced green chemistry solutions for the maritime fuel industry and broader energy markets. The company’s patented desulfurization technology upgrades Heavy Fuel Oil (HSFO) by removing sulfur, nitrogen, and vanadium, converting it into Very Low Sulfur Fuel Oil (VLSFO) under near-ambient conditions. Curve’s technology eliminates the need for carbon-intensive SMR hydrogen desulfurization, blended fuels, and scrubbers, which operate by spraying exhaust gases with seawater, causing a reaction with sulfur oxides that forms sulfuric acid, which is then discharged into the ocean.

Curve’s flagship product, Benchmark VLSFO Curve - SR™ (Curve’s Straight Run), is engineered to meet both current and anticipated regulatory standards. As global emissions and fuel quality requirements become increasingly stringent, Curve’s scalable and environmentally responsible solution offers an industry-leading yield rate, delivering a high-efficiency, low-carbon alternative for maritime and industrial fuel applications. Additionally, Curve’s process enhances profitability by enabling the use of discounted feedstocks that alternative solutions cannot efficiently process, unlocking new economic advantages for refiners and fuel suppliers.

The Company’s proprietary process produces IMO 2020-compliant VLSFO and operates within a closed-loop system, maximizing yield efficiency while minimizing environmental impact. Curve’s Tank-to-Tank System allows seamless scalability and deployment at ports, terminals, and refineries, requiring minimal infrastructure modifications.

Curve is strategically focused on growth and innovation in refining, industrial fuels, and petrochemicals, with near-term objectives including the development of its first commercial-scale plant. Additionally, the Company is advancing digital refinery optimization, leveraging data-driven solutions to enhance operational efficiency and sustainability.

Looking ahead, Curve is positioned to expand into emerging fuel markets, including alternative fuel development, carbon reduction technologies, and advanced refining solutions. As global energy demand evolves, the Company continues to explore new applications, strategic partnerships, and infrastructure deployment opportunities to accelerate sustainable growth and long-term value creation.

For more information about Curve, visit https://www.curvenrg.com.

Forward Looking Information

This news release includes forward-looking statements about future events or performance, identified by terms like "intends," "expects," and "anticipates." These statements reflect management's expectations and beliefs regarding future events and are based on various assumptions. Specifically, they include the expected impacts of the appointment of Mr. Bakhsh on the operations of the Company, the business plans of the Company, the efficiency and anticipated applications of the Company’s product offerings, and management’s beliefs regarding the Company’s ability to expand into emerging fuel markets. However, these statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors such as the Company's ability to achieve its business plans, market developments and changes in laws or regulations could impact the Company's operations. Readers should not rely on these statements for other purposes, and the Company does not undertake to update them unless required by applicable securities laws.

Peter Joyce
Curve Energy Corp
info@curvenrg.com

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Curve Energy Curve Energy

CURVE ENERGY CORP. AND LOT 49 CAPITAL CORP. SIGN DEFINITIVE AGREEMENT FOR AMALGAMATION AND TSX VENTURE LISTING

Vancouver, British Columbia – March 11, 2025 –Curve Energy Corp. (the “Company” or “Curve”) and Lot 49 Capital Corp. (“Lot 49”) are pleased to announce that they have entered into a definitive agreement (the “Definitive Agreement”) to combine the two companies (the “Transaction”) which will constitute a reverse takeover transaction (“RTO”) of Lot 49. The Transaction is structured to facilitate the listing of the combined entity on the TSX Venture Exchange (“TSXV”).

 

The Transaction is expected to be completed by way of a three-cornered amalgamation under the provisions of the Business Corporations Act (British Columbia) whereby a wholly-owned subsidiary of Lot 49 (“SubCo”), will amalgamate with Curve. All of the issued and outstanding common shares of SubCo and Curve following the amalgamation will be immediately exchanged for common shares of Lot 49 (“Lot 49 Shares”) on a one-for-one basis.

 

In connection with closing of the Transaction, Lot 49 intends to settle approximately $138,722 of outstanding debt through the issuance of Lot 49 Shares and complete a subscription receipt financing for gross proceeds of approximately $250,000, with such subscription receipts convertible into Lot 49 Shares on closing of the Transaction. After giving effect to the proposed debt settlement and subscription receipt financing, it is anticipated that approximately 2,954,478 Lot 49 Shares will be outstanding immediately prior to closing of the Transaction. In addition, Curve intends to close a non-brokered private placement for gross proceeds of up to $750,000 prior to closing of the Transaction, such that upon completion of the Transaction, it is anticipated that approximately 124,982,673 Lot 49 Shares will be issued to Curve shareholders, giving Curve shareholders ownership of approximately 97.7% of the resulting issuer.

 

As part of the Transaction, the current board and management team of Lot 49 will be replaced by Curve’s existing leadership, ensuring continuity in Curve’s strategic vision and operational execution.

 

“We are excited to take this next step with Lot 49, positioning Curve Energy for growth and innovation in the fuel and refinery technology sector,” said Peter Joyce, CEO of Curve. “Our focus remains on advancing proprietary green chemistry solutions that transform the maritime fuel industry while enhancing sustainability across broader fuel markets.”

 

The completion of the Transaction is subject to satisfaction or waiver of customary closing conditions and receipt of certain necessary regulatory approvals, including acceptance by the TSXV. Further details, including timelines and any required shareholder approvals, will be provided as the Transaction progresses.

 

About Curve Energy Corp.

Curve Energy Corp. is a technology-driven company pioneering advanced green chemistry solutions for the maritime fuel industry and broader energy markets. The company’s patented desulfurization technology upgrades Heavy Fuel Oil (HSFO) by removing sulfur, nitrogen, and vanadium, converting it into Very Low Sulfur Fuel Oil (VLSFO) under near-ambient conditions. Curve’s technology eliminates the need for carbon-intensive SMR hydrogen desulfurization, blended fuels, and scrubbers, which operate by spraying exhaust gases with seawater, causing a reaction with sulfur oxides that forms sulfuric acid, which is then discharged into the ocean.

 

Curve’s flagship product, Benchmark VLSFO Curve - SR™ (Curve’s Straight Run), is engineered to meet both current and anticipated regulatory standards. As global emissions and fuel quality requirements become increasingly stringent, Curve’s scalable and environmentally responsible solution offers an industry-leading yield rate, delivering a high-efficiency, low-carbon alternative for maritime and industrial fuel applications. Additionally, Curve’s process enhances profitability by enabling the use of discounted feedstocks that alternative solutions cannot efficiently process, unlocking new economic advantages for refiners and fuel suppliers.

The Company’s proprietary process produces IMO 2020-compliant VLSFO and operates within a closed-loop system, maximizing yield efficiency while minimizing environmental impact. Curve’s Tank-to-Tank System allows seamless scalability and deployment at ports, terminals, and refineries, requiring minimal infrastructure modifications.

Curve is strategically focused on growth and innovation in refining, industrial fuels, and petrochemicals, with near-term objectives including the development of its first commercial-scale plant. Additionally, the Company is advancing digital refinery optimization, leveraging data-driven solutions to enhance operational efficiency and sustainability.

Looking ahead, Curve is positioned to expand into emerging fuel markets, including alternative fuel development, carbon reduction technologies, and advanced refining solutions. As global energy demand evolves, the Company continues to explore new applications, strategic partnerships, and infrastructure deployment opportunities to accelerate sustainable growth and long-term value creation..

 

For more information about Curve, visit https://www.curvenrg.com

 

On behalf of the Board of Directors

Peter Joyce

Chief Executive Officer

Forward Looking Information

 

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the business plans of Curve and the resulting issuer, the pro forma capital structure of the resulting issuer, the Transaction (including TSXV approval and the closing of the Transaction); completion of the anticipated debt settlement and financings; the efficiency and anticipated applications of the Company’s product offerings; and management’s beliefs regarding the Company’s ability to expand into emerging fuel markets.

 

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the risks that: the Company and the resulting issuer will not be able to achieve its business plans; the anticipated pro forma capital structure of the resulting issuer will differ from what is contemplated; the parties may be unable to close the debt settlement and financings; the Company and Lot 49 will be unable to close the Transaction or obtain the requisite third party approvals to close the Transaction; and new laws or regulations could adversely affect the resulting issuer's business and results of operations.

 

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Company and the resulting issuer will be able to carry out its combined business plans as anticipated; the parties will be able to close the debt settlement and financings and will be able to do so on anticipated timelines; and the Company and Lot 49 will receive all necessary third party approvals and will close the Transaction.

 

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

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