Mr. Garth Johnson reports

PULSE OIL CORP. ANNOUNCES ANNUAL AND SPECIAL MEETING RESULTS

Pulse Oil Corp. has released the results of its 2023 annual general and special meeting of shareholders, held today in Vancouver, B.C. Shareholders voted as follows on the matters before the meeting.

Election of directors

All six of the nominees listed in Pulse's management information circular dated June 9, 2023, who were proposed by management for election to the board of directors at the meeting were duly elected. The directors will remain in office until the next annual meeting of the company's shareholders or until their successors are elected or appointed.

Appointment of auditor

Shareholders appointed MNP LLP as the auditor of the company for the upcoming year and authorized the directors of the company to fix the remuneration of the auditor.

About Pulse Oil Corp.

Pulse is a Canadian company incorporated under the Business Corporations Act (Alberta) that is primarily focused on a 100-per-cent working interest enhanced oil project, located in west-central Alberta, Canada. The project includes two established Nisku pinnacle reef reservoirs that have been producing sweet light crude oil for over 40 years. The company plans to institute a proven recovery methodology (NGL (natural gas liquid) solvent injection) to further enhance the ultimate oil recovery from these two proven pools. With under 10 million barrels of oil recovered to date and representing approximately 30-per-cent recovery factor from the pools, Pulse is moving forward to execute the EOR (enhanced oil recovery) project and unlock significant value for shareholders. Pulse's total reclamation liabilities are just $2.7-million, which, when compared with many peers in the industry in Western Canada, are very low.