Invictus Energy Limited (“Invictus” or “the Company”) is pleased to announce a gas discovery in the
Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.

“We are delighted to declare a gas discovery from the Mukuyu-2 sidetrack well in the Upper Angwa
formation. The discovery represents one of the most significant developments in the onshore Southern Africa oil and gas industry for decades.” said Managing Director Scott Macmillan

“I’m extremely proud to be involved with the Invictus team and our partners in opening up one of the last
untested rift basins. The perseverance and hard work by of our dedicated team has paid off. The Company has delivered an exceptional result from the first two wells drilled in Mukuyu, which provides us with significant running room in our large portfolio of prospects and leads for further discoveries in our acreage in the Cabora Bassa basin.” he added

Whilst drilling towards the base of the Upper Angwa formation and following indications from real-time
logging while drilling and mudgas data, intermediate Total Depth (“TD”) was called at 2,987m Measured
Depth (“mMD”) and the Company elected to undertake an intermediate wireline logging run with the
primary objective of obtaining hydrocarbon samples from Upper Angwa reservoirs.

“The Mukuyu-2 discovery, 7km away and 450 meters updip of the Mukuyu-1 well, which can subsequently be classified as a discovery, provides confirmation of the large potential of the Mukuyu field which has a structural closure of over 200km2. With additional hydrocarbon bearing reservoirs ahead, the focus now is to complete the drilling and evaluation program and obtain further wireline data including fluid samples to declare an additional discovery from the Lower Angwa formation.” READ MORE HERE

About Invictus Energy Ltd (ASX: IVZ)

Invictus Energy Ltd is an independent upstream oil and gas company listed on the Australian Securities Exchange (ASX:IVZ). The Company is headquartered in Perth, Australia and has offices in Harare, Zimbabwe. Invictus is opening one of the last untested large frontier rift basins in onshore Africa – the Cabora Bassa Basin – in northern Zimbabwe through a high impact exploration programme.