File: Attachment 2025-03-10 - ONV - NR Consolidation Effective Date.pdf

ORONOVA ENERGY INC. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

March 10, 2025 TSXV: ONV.H

Vancouver, British Columbia, Oronova Energy Inc. ("Oronova" or the "Company") (TSX.V: ONV.H) is pleased to announce that, the previously announced consolidation of the Company's outstanding common shares on the basis of one (1) new common share for every ten (10) outstanding common shares (the "Consolidation") will become effective at the market opening on March 12, 2025 (the "Effective Date"). Following the Consolidation, the Company will have approximately 4,380,283 common shares issued and outstanding. The Company's name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 687156208 and the new ISIN number will be CA6871562089 for the post-Consolidation shares.

The exercise or conversion price, and the number of shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the Consolidation. Registered shareholders as of the Effective Date who hold shares represented by a physical certificate or direct registration advice ("DRS Advice") will receive a letter of transmittal from the transfer agent for the Company, Odyssey Trust Company, with instructions on how to exchange their existing certificates or DRS Advices for certificates or DRS Advices representing post-Consolidation shares. Beneficial shareholders holding their shares through an intermediary, such as a brokerage firm, bank, dealer or similar organization, should note that such intermediary might have different procedures for processing the Consolidation than the procedures for registered shareholders. Beneficial shareholders who have any questions in this regard are encouraged to contact their intermediary.

The Consolidation is subject to final approval from the TSX Venture Exchange.

On behalf of the Board of Oronova Energy Inc.

"Geir Liland"

Chief Executive Officer

For further information contact: Tel: (604) 609-6110

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Oronova Energy Inc.

3123 595 Burrard Street, Vancouver, British Columbia, V7X 1J1. Canada. Tel: +1 604 609 6110 Fax: +1 604 609 6145

File: '\\swfile\EmailIn\20250310 063536 Attachment 2025-03-10 - ONV - NR Consolidation Effective Date.docx'

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Oronova Energy Inc.

Registered Office: 25th Floor, 700 West Georgia Street, Vancouver, British Columbia, V7Y 1C3. Canada.

Tel: +1 604 609 6110 Fax: +1 604 609 6145

11430065v2

Oronova Energy Inc.

3123 - 595 Burrard Street, Vancouver, British Columbia, V7X 1J1. Canada.

Tel: +1 604 609 6110 Fax: +1 604 609 6145

ORONOVA ENERGY INC. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

March 10, 2025 TSXV: ONV.H

Vancouver, British Columbia, Oronova Energy Inc. ("Oronova" or the "Company") (TSX.V: ONV.H) is pleased to announce that, the previously announced consolidation of the Company's outstanding common shares on the basis of one (1) new common share for every ten (10) outstanding common shares (the "Consolidation") will become effective at the market opening on March 12, 2025 (the "Effective Date"). Following the Consolidation, the Company will have approximately 4,380,283 common shares issued and outstanding. The Company's name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 687156208 and the new ISIN number will be CA6871562089 for the post-Consolidation shares.

The exercise or conversion price, and the number of shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the Consolidation. Registered shareholders as of the Effective Date who hold shares represented by a physical certificate or direct registration advice ("DRS Advice") will receive a letter of transmittal from the transfer agent for the Company, Odyssey Trust Company, with instructions on how to exchange their existing certificates or DRS Advices for certificates or DRS Advices representing post-Consolidation shares. Beneficial shareholders holding their shares through an intermediary, such as a brokerage firm, bank, dealer or similar organization, should note that such intermediary might have different procedures for processing the Consolidation than the procedures for registered shareholders. Beneficial shareholders who have any questions in this regard are encouraged to contact their intermediary.

The Consolidation is subject to final approval from the TSX Venture Exchange.

On behalf of the Board of Oronova Energy Inc.

"Geir Liland"

Chief Executive Officer

For further information contact: Tel: (604) 609-6110

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.