Mr. Mehran Ehsan reports

PERMEX PETROLEUM ENGAGES RENMARK FINANCIAL USA INC. FOR INVESTOR RELATIONS

Permex Petroleum Corp. has retained Renmark Financial Communications USA Inc., an arm's-length party to the company, to provide investor relations services to the company.

Renmark was engaged to heighten market and investor awareness for the company and broaden the company's reach within the investment community. In implementing its investor relations program, Renmark employs a number of different communication methods, including live phone calls and e-mails. To reach new potential investors, for an additional set-up fee, Renmark will organize virtual non-deal road shows for senior management in zones across the United States, Canada and Europe. Additionally, Renmark will ensure the timely disclosure of company information to existing and potential shareholders and electronically send documents and fact sheets to prospective shareholders.

Renmark has been engaged by the company for an initial seven-month period which commenced on May 1, 2023; the term will automatically continue after the initial term on a monthly basis, unless terminated in accordance with the investor relations agreement among the parties.

As consideration for the services, the company will pay Renmark a monthly fee of $9,000 (U.S.) during the initial term. The monthly service fee becomes payable on the first day of each month during the initial term. Renmark is also entitled to reimbursement for all expenses reasonably incurred, subject to the terms of the agreement.

The company and Renmark act at arm's length, and Renmark has no present interest, directly or indirectly, in the company or its securities, or any right or present intent to acquire such an interest.

About Permex Petroleum Corp.

Permex Petroleum is a uniquely positioned junior oil and gas company with assets and operations across the Permian basin of West Texas and the Delaware subbasin of New Mexico. The company focuses on combining its low-cost development of held-by-production assets for sustainable growth with its current and future blue-sky projects for scale growth. The company, through its wholly owned subsidiary, Permex Petroleum U.S. Corp., is a licensed operator in both states, and owns and operates on private, state and federal land.

We seek Safe Harbor.