CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) — Jura Energy Corporation (“Jura” or the “Company”) announces today that it has accepted the resignation of its director, Mr. Syed Hasan Akbar Kazmi, effective today. The Company would like to thank Mr. Kazmi for his many years of contributions to law.

Mr. Stephen C. Smith has agreed to rejoin the Company’s Board of Directors and Jura is pleased to also announce the appointment of Mr. Smith as a director serving on the Board until the Company’s next scheduled meeting of shareholders. Mr. Smith’s appointment is subject to customary review by the TSX Venture Exchange. Previously, Mr. Smith served as a Director at Jura from 2012 until his retirement in early 2022. Smith joined JS Group, one of Pakistan’s leading financial services groups and a diversified investor in Pakistan and internationally. JS Group is associated with Jura’s majority shareholder, JS Energy Limited. Mr. Smith is responsible for JS Group’s international operations and oversees the private equity business. He sits on the boards of a number of privately held companies in which JS Group has an interest.

About Jura Energy Corporation

Jura is an international energy company engaged in the exploration, development and production of oil and gas properties in Pakistan. Jura is based in Calgary, Alberta and is listed on the TSX-V under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries Frontier Holdings Limited and Spud Energy Pty Limited.

FOR MORE INFORMATION PLEASE CONTACT:

Mr. Nadeem Farooq, CEO
Phone: +92 51 2270702-5
Fax: +92 51 227 0701
Website: www.juraenergy.com
E-mail: info@juraenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept…