Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. PROVIDES 30-DAY RATES, THIRD QUARTER 2023 EARNINGS RELEASE DATE, AND CONFERENCE CALL

Kolibri Global Energy Inc. has provided an operations update for its Tishomingo field in Oklahoma.

Operations update

The Barnes 7-4H well had a 30-day production rate of 665 barrels of oil equivalent per day (boe/d), with 76 per cent being oil. The Barnes 7-5H had a 30-day production rate of 613 boe/d, with 75 per cent being oil.

Drilling has been completed on the Emery 17-3H, 17-4H and 17-5H wells. These wells were drilled in an average of 11 days each, which is a record for the company. The Emery 17-3H and 17-5H wells were drilled in the Lower Caney, and the Emery 17-4H was drilled into the T-zone. The company is scheduled to begin fracture stimulations on all three wells next week.

Wolf Regener, president and chief executive officer, commented: "We are very pleased that these 30-day rates are, as we had expected, at the higher end of our forecasted production band range for our downspaced Caney wells. We look forward to continuing our success of bringing on new wells in this production range, which should lead to strong economic wells. In addition, the company expects to continue to demonstrate the potential of the T-zone with the Emery 17-4H well, which is the second T-zone well that will utilize our new completion technique."

Third quarter 2023 earnings release and earnings call

The company expects to release financial and operating results for its third quarter after market close on Nov. 13, 2023.

In connection with the earnings release, management will host a conference call for investors and analysts on Nov. 14, 2023, at 9 a.m. PT, to discuss the company's results and to host a question-and-answer (Q&A) session. Interested parties are invited to participate by calling:

• Dial-in: 1-877-317-6789;
• International dial-in: 1-412-317-6789;
• When calling, please request to be joined into the Kolibri Global Energy call.

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the company owns and operates energy properties in the United States. The company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil, gas, and clean and sustainable energy.

We seek Safe Harbor.