Mr. David Wilson reports

KELT RESTARTS PRODUCTION IN BRITISH COLUMBIA PREVIOUSLY IMPACTED BY WILDFIRES

Kelt Exploration Ltd. is providing an update on the wildfire situation in northeastern British Columbia in the vicinity of Fort St. John. As previously reported, Kelt Exploration had safely evacuated all of its personnel in its operating region at Oak, which is approximately 35 kilometres from Fort St. John. As a result, the company had temporarily shut in approximately 5,000 barrels of oil equivalent per day (77 per cent gas) since the evening of May 15, 2023. The company has restarted its production at Oak, and is not aware of any damage or loss to infrastructure.

Kelt Exploration thanks its field staff, mid-stream partners, and all the first responders and fire authorities for their swift and professional response to this situation, which has impacted local communities all across British Columbia and Alberta.

About Kelt Exploration Ltd.

Kelt Exploration is an oil and gas company based in Calgary, Alta., focused on the exploration, development and production of crude oil and natural gas resources in Western Canada. Kelt Exploration's business plan is for long-term profitable growth by implementing a full-cycle exploration and development program, with emphasis on low-cost land accumulation with the potential for high rates of return on capital invested. Kelt Exploration has an active exploration and development drilling program that, from time to time, may be complemented with opportunistic acquisitions and dispositions that optimize its asset base.

We seek Safe Harbor.