(via TheNewswire)

August 5, 2026, Vancouver, British Columbia - TheNewswire – Oregen Energy Corp (CSE: ORNG ) (OTCQB: ORGEF ) (FSE: A1S0 ) ( “ Oregen ” or the “ Company ”) announces that Mason Granger has elected to step down as Chief Executive Officer and from the Board of Directors, effective July 31, 2026, to pursue other opportunities. The Board and the Company thank Mr. Granger for his vision and leadership in building Oregen, and wish him every success in his future endeavours. Concurrently, the Company is pleased to announce the appointment of Kevin Shrimpton as Interim Chief Executive Officer and a director, effective August 1, 2026. The appointment is subject to customary exchange approval and regulatory requirements.

David French, Director, commented on behalf of the Board, “We are grateful to Mason for his dedication to advancing the Oregen business and shepherding the Company through its formative years. His conviction in the Orange Basin opportunity created something genuinely valuable, and we wish him well in what comes next. We are equally excited to welcome Kevin in the interim CEO role. His deep knowledge of the African and Middle East energy landscape, built through years of business development at TGS and PGS, makes him ideally suited to advance Oregen’s partner engagement and farm-out strategy at this pivotal moment.”

Mr. Shrimpton commented, “Oregen holds a genuinely exceptional position in one of the world’s most active frontier basins. Having spent years working with operators and data consumers across Africa and the Middle East, I have seen first-hand how the Orange Basin has captured the attention of major E&P companies globally. I look forward to working with the board and the team to maintain momentum, advance our data room and farm-out process, and deliver outcomes that create lasting value for shareholders.”

Mr. Shrimpton is a business development executive with more than 30 years of experience in the upstream oil and gas industry. Mr. Shrimpton most recently served as Business Development Manager, Africa and Middle East at TGS, where he was responsible for developing commercial relationships with operators and national oil companies across the region. Prior to TGS, he spent over twenty-five years at PGS, where he led New Ventures activities in North Africa and the Mediterranean, managed equity seismic projects, and held senior sales and marine operations roles. His extensive network across African energy markets and his direct familiarity with the Orange Basin data ecosystem position him well to accelerate Oregen’s partner development and farm-out strategy.

The Company also announces that it has granted 1,000,000 restricted share units (the “ RSUs ”) and 500,000 incentive stock options (the “ Options ”) to Mr. Shrimpton in accordance with the Company’s omnibus incentive plan.  The Options are exercisable at $0.055 per common share for a period of three years.   The RSUs and Options are subject to vesting restrictions.

About Oregen Energy Corp.

Oregen is an investment company primarily focused on oil and gas assets in Africa. The Company is actively exploring other investment opportunities in the Orange and surrounding basins. Its current flagship investment is 33.95% net interest in Block 2712A in the Orange Basin offshore Namibia, an emerging world-class petroleum province with multiple recent discoveries by major operators.

On Behalf of the Board of Directors

David French
Director

Contact Information:

T: 604.737.2303

E: info@oregen.com

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The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the commencement of trading of the Company’s common shares on the Exchange and the timing in respect thereof.

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Oregen. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. All statements that describe the Company’s plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company’s management, and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by Oregen that the actual results realized in the future will be the same in whole or in part as those presented herein. Oregen disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Oregen's business contained in Oregen’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on Oregen and the risks and challenges of its business, investors should review Oregen’s filings that are available at www.sedarplus.ca .

Oregen provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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