Verde Clean Fuels, Inc. and Diamondback Energy Subsidiary Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin

Verde Clean Fuels, Inc. (NASDAQ:VGAS) ("Verde" or the "Company") and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ:FANG) ("Diamondback"), today announced that the parties have executed a Joint Development Agreement ("JDA") for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback's operations in the Permian Basin.