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Company Provides Bridge Financing and Commences Due Diligence

NEW YORK, NY -- (Marketwired) -- 06/30/17 -- Petrogress, Inc. (OTC PINK: PGAS) announced today that it has entered into a Memorandum of Understanding with F & T Investments, Ltd., a Cyprus company. The parties have agreed to open a due diligence channel in furtherance of a future partnership or other combination to assist in a significant renovation of the F & T Shipyard in Limassol, Cyprus, and a joint facilities management and marketing agreement. In addition, Petrogress has provided F & T with interim financing to be credited against a possible capital financing arrangement.

NEW YORK, NY--(Marketwired - Dec 6, 2016) - Petrogress, Inc. (OTC PINK: PGAS) ("Petrogress" or the "Company"), a fully integrated oil commodity business that primarily serves West Africa and the Mediterranean, today announced that its wholly owned subsidiary, Petronav Carriers LLC, has reached an understanding in principle to acquire a 25% interest in West Africa Fenders Ltd., ("WAF"), an operator