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April 30, 2026 – TheNewswire - Vancouver, British Columbia – Oregen Energy Corp (CSE: ORNG ) (OTCQB: ORGEF ) (FSE: A1S0 ) ( “ Oregen ” or the “ Company ”) is pleased to announce that its common shares have commenced trading on the OTCQB Venture Market (“OTCQB”) in the United States under the ticker symbol “ORGEF”, effective April 29, 2026.

The OTCQB, operated by OTC Markets Group, is a U.S. trading platform for early-stage and developing companies that meet established financial reporting and disclosure requirements. The Company’s presence on the OTCQB is expected to broaden its exposure to U.S. investors and improve trading accessibility. Real-time quotes and market information are available at www.otcmarkets.com .

OREGEN ENERGY UPDATE

Oregen’s first Orange Basin asset is a 33.95% net interest in Block 2712A (PEL 107) in the Orange Basin, offshore Namibia acquired in 2025. Block 2712A covers 5,484 km² and is strategically located in the northern section of the Orange Basin and on-trend with several significant oil discoveries, including TotalEnergies’ Venus and Mangetti discoveries, Shell’s Graff, La Rona, Jonker, Enigma and Lesedi fields and Galp Energia’s Mopane discovery. All discoveries have proved substantial columns of light oil, condensate and associated gas.

The Company press released on April 7, 2026 that it has also signed a non-binding Letter of Intent (“LOI”) to evaluate an investment in the share capital of Petrovena Energy (Pty) Ltd., which has been issued an award letter to enter into a Petroleum Agreement on Block 2812Ab, an exploration block located directly northwest of TotalEnergies’ Venus discovery area. The Orange Basin has been an active area of deepwater exploration by international oil and gas companies since 2022, with multiple operators conducting drilling, appraisal, and development planning activities. The Company provides the following summary of recent industry activity in the basin:

ORANGE BASIN INDUSTRY UPDATE

Rhino Resources / Azule Energy – Capricornus-1A Appraisal Well (PEL 85, Block 2914): Rhino Resources Ltd. (operator, 42.5% working interest), together with co-venturers Azule Energy (42.5%), NAMCOR Namibia (10%), and Korres Investments (5%), has announced that drilling is underway on the Capricornus-1A appraisal well on Block 2914, offshore Namibia, using the Saipem 12000 drillship. The well is designed to evaluate the lateral extent of the Capricornus light oil accumulation and to further appraise reservoir quality and fluid characteristics within the Lower Cretaceous targets, following the earlier Capricornus-1X discovery.

TotalEnergies / Galp – Venus and Mopane Development Planning (PEL 56, PEL 83, PEL 91): In January 2026, TotalEnergies and Galp met with Namibian President Netumbo Nandi-Ndaitwah to provide an update on their partnership and development plans. Under a transaction subject to regulatory and joint venture approvals, TotalEnergies will become operator of PEL 83, which hosts the Mopane oil discoveries, with a 40% working interest, while Galp will acquire interests in PEL 56 and PEL 91, which host the Venus discovery. A three-well exploration and appraisal campaign at Mopane is planned to commence in 2026. Partners on the Venus project are working toward the conditions required for a potential Final Investment Decision in 2026, which, if reached, would represent a major development milestone for Namibia’s offshore sector.

Shell – Merlin-1X Exploration Well (PEL 39): Shell has commenced drilling of the Merlin-1X exploration well on PEL 39 in the Orange Basin, using the Deepsea Mira semi-submersible rig. The well is being drilled in approximately 2,500 metres of water to a planned total depth of approximately 4,500 metres, with operations expected to span approximately 45 days. Shell operates PEL 39 with a 45% working interest alongside QatarEnergy (45%) and NAMCOR (10%). The Merlin-1X well represents Shell’s return to active offshore drilling in Namibia.

TotalEnergies & Petrobras - Acquire interests in southern Luderitz Basin exploration block PEL 104: On February 6, 2026 it was announced that French oil major TotalEnergies and Brazil’s Petrobras each acquired a 42%% stake in PEL 104 offshore Namibia in the southern Luderitz Basin adjacent to the active Orange Basin. This marks Petrobras enter into Namibia and expands TotalEnergies already large acreage position offshore Namibia.  

Namibia – Petroleum (Exploration and Production) Amendment Bill: At the Namibia International Energy Conference held in Windhoek in April 2026, President Netumbo Nandi-Ndaitwah confirmed progress on a Petroleum (Exploration and Production) Amendment Bill. The legislation is aimed at improving sector governance, streamlining regulatory decision-making, and supporting long-term investment as Namibia advances toward commercial hydrocarbon production.

ABOUT OREGEN ENERGY CORP.

Oregen is an investment company primarily focused on oil and gas assets in Africa. The Company is actively exploring other investment opportunities in the Orange and surrounding basins. Its current flagship investment is 33.95% net interest in Block 2712A in the Orange Basin offshore Namibia, an emerging world-class petroleum province with multiple recent discoveries by major operators.

On Behalf of the Board of Directors

Mason Granger
Chief Executive Officer & Director

Contact Information:

T: 604.737.2303

E: info@oregen.com

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The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the commencement of trading of the Company’s common shares on the Exchange and the timing in respect thereof.

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Oregen. Such statements can generally, but not always, be identified by words such as “ expects”, “ plans”, “ anticipates ”, “ intends”, “ estimates”, “ forecasts”, “ schedules”, “ prepares ”, “ potential” and similar expressions, or that events or conditions “ will”, “ would”, “ may”, “ could” or “ should” occur. All statements that describe the Company ’ s plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company ’ s management, and so involve inherent risks and uncertainties, as disclosed in the Company ’ s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by Oregen that the actual results realized in the future will be the same in whole or in part as those presented herein. Oregen disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Oregen ' s business contained in Oregen ’ s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on Oregen and the risks and challenges of its business, investors should review Oregen ’ s filings that are available at www.sedarplus.ca.

Oregen provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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