ShaMaran January 2021 Payments Received
VANCOUVER, BC – March 9, 2021 ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV) (SNM: Nasdaq First North Growth Market Sweden) is pleased to confirm payment of $21.7 million ($7.3 million net to the Company) has been received from the Kurdistan Regional Government (“KRG”) for Atrush oil sales invoice entitlements for the month of January 2021. In addition, the Company has also been paid $1.04 million as the first monthly implementation of the KRG’s proposed repayment mechanism for receivables. OTHER This information is information that ShaMaran is obliged to make