Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. ANNOUNCES OPERATIONS UPDATE

Kolibri Global Energy Inc. has provided an operations update on its latest wells in its Tishomingo field in Oklahoma.

Clifton Mack wells

The three Clifton Mack wells (97.45-per-cent to 99.03-per-cent working interest) have been flowing back fracture stimulation fluid for about three weeks and have continued to show higher production rates. The new fracture stimulation design has resulted in the wells flowing back differently than our previous Caney wells. The company has recovered much more of its fracture stimulation fluid in the first three weeks than in previous Caney wells, and the wells continue to have higher frac fluid rates. Two of the wells have recovered just over 15 per cent of the fracture stimulation fluid, and one has recovered just over 7 per cent. The different flowbacks have led to peak oil and gas production rates taking longer to achieve than in the company's previous wells. The Clifton Mack wells are currently producing at a combined rate of about 2,100 barrels of oil equivalent per day (BOEPD), which includes about 925 barrels of oil per day. This BOEPD rate is up about 55 per cent from the prior week, while daily frac fluid recovery rates have stayed nearly the same. While the rate of increase has slowed in the last few days, the company believes, based on the current higher daily fracture stimulation fluid recovery, that the wells can continue to clean up and improve further.

Lovina 5-8-1HF well

The Lovina 5-8-1HF well has been successfully fracture stimulated. Flowback is expected to start early next week after the fracture stimulation plugs are drilled out. This well also incorporated the same new fracture stimulation design used in the Clifton Mack wells.

Wolf Regener, president and chief executive officer, commented: "We are pleased that the flowback rates are remaining high and with the large BOEPD improvement these wells have had in the last week. We are looking forward to seeing how they progress as they continue to clean up.

"I'm also excited that we will be flowing back the fracture stimulation fluid from the Lovina 5-8-1HF well, our first False Caney test, which will hopefully prove up a new bench. Successful results from this well could add many future drilling locations not currently booked, which would increase our reserves and thus value for our shareholders.

"We are looking forward to the additional production and cash flow from all of these wells, which we expect will significantly increase the company's cash flow and add incremental value to our shareholders."

About Kolibri Global Energy Inc.

Kolibri Global Energy 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 and gas. The company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the Nasdaq under the stock symbol KGEI.

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