Mr. Don Simmons reports

HEMISPHERE ENERGY ANNOUNCES RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Hemisphere Energy Corp. has released the results of its annual general and special meeting of shareholders that was held on June 2, 2025.

A total of 41,688,604 common shares were voted at the AGSM, representing 43.07 per cent of total shares issued and outstanding as at the April 14, 2025, record date of the AGSM.

Shareholders voted in favour of all items considered at the AGSM, including the following:

1. Fix the number of directors: The number of directors of the company was set at six.
2. Election of directors: The following individuals were elected to the board of directors of the company for the ensuing year: Charles O'Sullivan, Don Simmons, Frank Borowicz, Bruce McIntyre, Gregg Vernon and Richard Wyman.
3. Appointment of auditor: Shareholders approved the reappointment of KPMG LLP as auditor of the company for the ensuing year at a remuneration to be fixed by the board of directors.
4. Approval of amended and restated stock option plan: Shareholders passed an ordinary resolution ratifying, confirming and approving the company's amended and restated stock option plan.
5. Approval of bonus award incentive plan: Shareholders passed an ordinary resolution ratifying, confirming and approving the company's bonus award incentive plan.
6. Ratification of restricted share unit grants: Disinterested shareholders passed an ordinary resolution approving, confirming and ratifying the grant of an aggregate of 1,221,000 restricted share units.

About Hemisphere Energy Corp.

Hemisphere is a dividend-paying Canadian oil company focused on maximizing value-per-share growth with the sustainable development of its high-netback, ultralow-decline conventional heavy oil assets through polymer-flood-enhanced oil recovery methods. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol HME and on the OTCQX venture marketplace under the symbol HMENF.