Mr. Brian Reinsborough reports

RECONAFRICA ANNOUNCES AGREEMENT FOR JOINT EXPLORATION PROJECT IN ANGOLA ADDING 5.2 MILLION ACRES AND SIGNIFICANT RESOURCE POTENTIAL ALONG THE DAMARA FOLD BELT AND RIFT BASIN PLAYS

Reconnaissance Energy Africa Ltd. has signed an agreement for a joint exploration project in Angola with the Agencia Nacional de Petroleo, Gas e Biocombustiveis (ANPG), or National Oil, Gas and Biofuels Agency.

ReconAfrica has entered into a memorandum of understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola's national concessionaire and regulator.

The agreement is a strategic addition to the company's asset portfolio, which creates an opportunity for early entry into onshore Angola at a low cost, with minimal work commitments. It complements ReconAfrica's activities in Namibia and highlights the potential of the Damara fold belt and rift basin by adding 5.2 million acres in Angola to the existing 6.3 million acres in Namibia in the highly prospective Damara fold belt and rift basin exploration plays.

Brian Reinsborough, president and chief executive officer of ReconAfrica, stated: "The encouraging technical results from our recent Naingopo exploration well on PEL 73 [petroleum exploration licence], onshore Namibia, have strengthened our belief in the significant hydrocarbon potential of the Damara fold belt play. Our regional geological models indicate that the promising fold belt play, known for hosting some of the world's largest fields and covering extensive areas, likely extends into Angola.

"As a result, we are excited to be entering into a strategic MOU with ANPG. Recent regulatory reforms make Angola an attractive jurisdiction for new oil and gas exploration, and we look forward to working with ANPG and Sonangol as we progress our exploration initiatives.

"This significant transaction underscores the company's strategic focus and complements our activities in Namibia, highlighting the potential within both the Damara fold belt and rift basin plays. It also aligns with our focus on creating significant value for our shareholders as an early mover into prospective hydrocarbon basins with significant acreage positions. We look forward to implementing our ESG [environmental, social and governance] and community outreach programs and creating employment for the people of the Okavango region."

Ownership interest in the MOU area will be ReconAfrica with an 80-per-cent working interest and Sonangol with a 20-per-cent working interest. ReconAfrica will have exclusive rights during the MOU term.

Under the terms of the MOU, ReconAfrica will initiate and co-ordinate geological studies, conduct a regional oil and gas seep study, and plan for a two-dimensional seismic program, as well as perform detailed geochemical analysis and sampling of any oil and gas seeps identified within the MOU area, over a 24-month period.

Other projects for ReconAfrica

ReconAfrica is preparing to begin drilling on prospect I, onshore Namibia, which is located 47 kilometres (29 miles) from the MOU area in Angola and is the company's largest prospect to be drilled so far. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources, or 1.9 trillion cubic feet of unrisked and 140 billion cubic feet of risked prospective natural gas resources, on a 100-per-cent working interest basis, based on the most recent prospective resources report prepared by Netherland, Sewell, & Associates Inc. (NSAI), an independent qualified reserves evaluator. Prospect I is noted as location 63 in the NSAI report.

About Reconnaissance Energy Africa Ltd.

ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara fold belt and Kavango rift basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the company holds rights to petroleum licences comprising over 13 million acres. The company will be drilling its next well, prospect I -- which is located onshore Namibia in petroleum exploration licence 73. This will be the company's largest exploration prospect drilled so far. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in all of its project areas.

We seek Safe Harbor.