Triangle Energy Finalizes $6.6M Cliff Head Onshore Asset Sale to Pilot Energy

• Sale of Cliff Head onshore assets to Pilot Energy for $5.56 million secured promissory note
• Total anticipated payments to Triangle around $6.6 million including interest and cash components
• Pilot to continue operating costs and convert facilities into a carbon dioxide sequestration project
• Further payments contingent on greenhouse gas injection license approval and royalties