Mr. Jay Lyons reports

ORCA ENERGY GROUP PROVIDES UPDATE TO VOLUNTARY APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

Orca Energy Group Inc.'s principal regulator, the Alberta Securities Commission, has granted a management cease trade order.

As previously announced on April 23, 2026, the company applied for the MCTO due to an expected delay in filing its audited consolidated annual financial statements for the year ended Dec. 31, 2025, the related management's discussion and analysis, and its Form 52-109FV1 chief executive officer and chief financial officer certifications of annual filings. The MCTO prohibits trading in securities of the company by the chief executive officer and chief financial officer until such time as the financial statements and required filings and all continuous disclosure requirements have been filed by the company, and the MCTO has been lifted. During the period in which the MCTO is effective, there will be no impact to the operations of the company, and the general public, which is not an insider of the company, will continue to be able to trade in the company's listed securities. The company and its auditor continue to work diligently toward completing the audit of the financial statements and the required filings, and expects that the audit will be completed in early May, with the required filings to be made on or before May 22, 2026. The company plans to issue a news release once the required filings have been filed.

The company confirms that, since the date of the MCTO news release: (i) there has been no material change to the information set out in the MTCO news release that has not been generally disclosed; (ii) the company is satisfying and confirms that it intends to satisfy the provisions of the alternative information guidelines under National Policy 12-203 (Management Cease Trade Orders) and issue biweekly default status reports in the form of a news release for so long as the MCTO is effective; (iii) there has not been any other specified default by the company under NP 12-203; (iv) the company is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the company that has not been generally disclosed.

About Orca Energy Group Inc.

Orca Energy is an international public company engaged in natural gas development and supply in Tanzania through its subsidiary, PanAfrican Energy Tanzania Ltd. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.

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