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Cub Energy Inc.: Cub Energy Announces Death of CEO and Founder Mikhail Afendikov Cub or the Company ) ( TSXV:KUB), a Ukraine-focused upstream oil and gas company, announces the sudden passing of its Executive Chairman, President, Chief Executive Officer and founder, Mikhail Afendikov, on February 1, 2021. On behalf of the entire Cub team, we extend our deepest sympathies and condolences to Mikhail s family and friends. Mikhail and his partners were instrumental in building and growing Kub-Gas LLC to one of the largest private natural gas producers in Ukraine at its peak production. Mikhail was a leader, mentor and friend to the Cub team and will be missed dearly.

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