ABOUT US PROJECTS FINANCIAL REPORTS NEWS CONTACT Horizon Announces Initial Closing of Acquisition in Poland Aug 21, 2019 HORIZON PETROLEUM LTD. Suite 1500 – 700 4th Ave S.W. Calgary, AB, Canada T2P 3J4 Calgary, Alberta, August 21, 2019 – Horizon Petroleum Ltd. (the “Company” or “Horizon”) (TSXV: HPL) is pleased to announce that following its recent qualification with the Polish Government to conduct oil and natural gas activities (press release dated May 1, 2019), it has completed the acquisition (the “Acquistion”) of two of the five concessions to be acquired, as previously announced in Horizon’s press release dated September 19, 2017, from subsidiaries of San Leon Energy plc (“San Leon”). Most importantly, the Bielsko-Biala concession, containing the Lachowice natural gas discovery, is one of the concessions acquired. The acquisition of the other three concessions, under similar but separate transactions, are expected to close within 60 days. The closing of the Acquisition shows Horizon continues to make progress on it’s business plan of developing a natural gas production company focused on opportunities in Europe. Read more [pdf] HORIZON PETROLEUM Suite 1500, 700 4th Ave. SW Calgary, AB T2P 3J4 (+1) 403 619 2957 RECENT NEWS Horizon Announces Second Closing of Acquisition in Poland Horizon Announces Initial Closing of Acquisition in Poland RECENT REPORTS Q3 | for the three and nine months ended May 31, 2019 and 2018 Q2 | for the three and six months ended February 28, 2019 Q1 | For the three months ended November 30, 2018 and 2017 Q4 | For the years ended August 31, 2018 and 2017 © 2017 Horizon Petroleum Directors Management Projects Contact News Reports Privacy

ABOUT US PROJECTS FINANCIAL REPORTS NEWS CONTACT Projects Currently Horizon Petroleum is evaluating high potential oil and gas opportunities in Europe, starting with the acquisition of 2 onshore oil & gas permits in southwestern France. As more information becomes available and projects are selected for development, announcements will be made through news releases and project descriptions will be posted to this website. HORIZON PETROLEUM Suite 1500, 700 4th Ave. SW Calgary, AB T2P 3J4 (+1) 403 619 2957 RECENT NEWS Horizon Announces Second Closing of Acquisition in Poland Horizon Announces Initial Closing of Acquisition in Poland RECENT REPORTS Q3 | for the three and nine months ended May 31, 2019 and 2018 Q2 | for the three and six months ended February 28, 2019 Q1 | For the three months ended November 30, 2018 and 2017 Q4 | For the years ended August 31, 2018 and 2017 © 2017 Horizon Petroleum Directors Management Projects Contact News Reports Privacy