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HNR Acquisition Corp Announces Pricing of $75,000,000 Initial Public Offering

Houston, TX – (NewMediaWire) – February 10, 2022 – HNR
Acquisition Corp (the “Company”) announced today that it priced its initial
public offering of $75,000,000, consisting of 7,500,000 units at $10.00 per
unit. The units are expected to be listed on the NYSE American (“NYSE
American”) and trade under the ticker symbol “HNRAU” beginning tomorrow,
Friday, February 11, 2022. Each unit consists of one share of common stock and
one warrant entitling the holder thereof to purchase three-fourths (3/4) of one
share of common stock at a price of $11.50 per share. Only whole warrants are
exercisable. Once the securities comprising the units begin separate trading,
the shares of common stock and warrants are expected to be listed on NYSE
American under the symbols “HNRA” and “HNRAW”, respectively.

The Company
is a newly organized blank check company formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more businesses.
While the Company may pursue an initial business combination target in any
business or industry, it intends to focus on assets used in exploring,
developing, producing, transporting, storing, gathering, processing,
fractionating, refining, distributing or marketing of natural gas, natural gas
liquids, crude oil or refined products in North America.

EF Hutton,
division of Benchmark Investments, LLC, is acting as the sole book running
manager for the offering. The Company has granted the underwriter a 45-day
option to purchase up to an additional 1,125,000 units at the initial public
offering price to cover over-allotments, if any.

The
offering is being made only by means of a prospectus. Copies of the prospectus
may be obtained, when available, from EF Hutton, division of Benchmark
Investments, LLC, Attn: Syndicate Department, 590 Madison Avenue, 39th Floor,
New York, New York 10022, by telephone at (212) 404-7002, by fax at (646)
861-4697, or by email at syndicate@efhuttongroup.com.

A
registration statement relating to these securities has been filed with, and
declared effective by, the Securities and Exchange Commission (“SEC”), on
February 10, 2022.  This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING
STATEMENTS

This press
release contains statements that constitute “forward-looking statements,”
including with respect to the proposed initial public offering and the
anticipated use of the net proceeds. No assurance can be given that the
offering discussed above will be completed on the terms described, or at all,
or that the net proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk Factors section
of the Company’s registration statement and preliminary prospectus for the
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release, except as
required by law.

Contact

HNR
Acquisition Corp

3730 Kirby
Drive, Suite 1200

Houston, TX
77098

Attn: Donald
H. Goree

dg@houstonnaturalresources.com

(713)
834-1145

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