Rubellite Energy Inc. reported production results for the fourth quarter of 2021. The Company recorded fourth quarter oil sales production of 647 bbl/d, in line with the fourth quarter guidance range of 650 700 bbl/d, despite extremely cold weather conditions in late December which hindered trucking to sales, new well startups and field operations generally. Rubellite's fourth quarter drilling program at Ukalta began to contribute materially to the ramp up of oil sales production volumes throughout December, which averaged 918 bbl/d, as new multi-lateral wells were rig released and achieved full recovery of oil-based drilling mud ("OBM") losses which are not recorded as sales production as the OBM is re-used in future drilling operations or sold and credited back to drilling capital. Rubellite currently has a total of 18 (17.0 net) multi-lateral wells contributing to oil sales production and 3 (3.0 net) additional wells rig released and in the start-up stage of recovering OBM. Current sales production is over 1,100 bbl/d of conventional heavy oil and will continue to ramp up over the month of January and throughout the remainder of the first quarter as new wells reach full recovery of OBM and are optimized, and an additional 9 (7.0 net) planned wells are drilled, recover their OBM and commence delivery to sales terminals.