Mr. Kevin Johnson reports

LOTUS CREEK EXPLORATION INC. PROVIDES AN OPERATIONS UPDATE AND ANNOUNCES A NEW CORPORATE PRESENTATION

Lotus Creek Exploration Inc. has provided an operations update and a new corporate presentation has been posted to the company's website.

Operations update

Wilson Creek, central Alberta

Lotus Creek is pleased to announce that Savanna's 689 drilling rig has arrived in Wilson Creek to commence drilling its inaugural Belly River capital program. During the first quarter of 2025, the company completed a 44-square-mile 3-D seismic program in Wilson Creek. In July and August, Lotus Creek will drill and complete two (2.0 net) light oil Belly River wells that are expected to be on stream late in the third quarter of 2025 with the commissioning of a new oil battery with an approximate capacity of 5,000 barrels of oil equivalent per day. Lotus Creek plans to drill an additional two (2.0 net) light oil Belly River wells in October and those wells are expected to be on stream before year-end.

Tucker Lake, Northern Alberta

During the first quarter, the company completed its inaugural heavy oil capital program at Tucker Lake with the drilling of three (3.0 net) Mannville, open-hole multilateral, heavy oil wells. The three wells cumulatively drilled over 31,000 metres of the targeted Waseca reservoir sand. Lotus Creek is awaiting approval of a multiwell battery facility licence which is anticipated in the coming weeks.

We seek Safe Harbor.