Financing type:  brokered private placement (LIFE (listed issuer financing exemption) offering)

Gross proceeds:  $36,800,098

Offering:  38,736,945 units and 19,368,473 listed warrants (Each unit comprises one listed share and one-half of one listed warrant.)

Offering price:  95 cents per unit

Warrant exercise terms:  $1.20 per listed share for a three-year period

Overallotment option:  The underwriters exercised the overallotment option in full. All information presented herein includes such exercise.

Commissions in securities:  The brokers received 2,163,165 broker and advisory warrants for their services rendered.

Broker warrants:  2,163,165 (three brokers)

Broker warrant terms:  Each broker and advisory warrant is non-transferable and exercisable for one listed share at 95 cents for a three-year period (expiring Jan. 19, 2029).

Effective at the opening on Thursday, Jan. 29, 2026, the warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas company.

Corporate jurisdiction:  British Columbia

Capitalization:  up to 19,368,473 warrants, authorized by a warrant indenture dated Jan. 19, 2026, of which 19,368,473 warrants are issued and outstanding

Warrant exercise terms:  Each warrant entitles the holder thereof to acquire one listed share at an exercise price of $1.20 per listed share until Jan. 19, 2029.

Transfer agent:  Odyssey Trust Company

Trading symbol:  RECO.WT.C (new)

Cusip No.:  75624R 18 1 (new)

Disclosure:  Refer to the offering document dated Jan. 7, 2026, and the company's news releases dated Jan. 6, 2026, Jan. 7, 2026, and Jan. 19, 2026.