Mr. Mike Kruchten reports

PAREX RESOURCES ANNOUNCES PRODUCTION UPDATE AND TIMING OF Q3 2026 RESULTS

Parex Resources Inc. has provided a production update. The company plans to release its Q3 2026 financial and operating results on Friday, Nov. 6, 2026.

Q3 2026 production update

Q3 2026 average production was 83,259 barrels of oil equivalent per day.

Production in September was supported primarily by increased production from near-field exploration success at LLA-111 in the Eastern Llanos.

Parex is reiterating its second-half 2026 average production guidance of 82,000 to 91,000 barrels of oil equivalent per day, with production growth from current levels expected to be driven by the November addition of approximately 7,000 barrels per day (net) from the Ecopetrol partnership in the Magdalena, alongside continued success at LLA-111.

Q3 2026 results -- conference call and webcast

Parex expects to release its Q3 2026 financial and operating results before markets open on Friday, Nov. 6, 2026, with the company planning to host a conference call and webcast beginning at 9:30 a.m. MT (11:30 a.m. ET). To participate in the conference call or webcast, please see the access information below.

Conference ID:  128 354 764

North America toll-free:  1-833-461-5787

International toll:  1-585-542-9983

About Parex Resources Inc.

Parex is the largest independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company's corporate headquarters are in Calgary, Canada, with an operating office in Bogota, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT.

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