Mr. Robert Bose reports

SALE OF TRINIDAD BUSINESS

The first instalment of $450,000 in deferred consideration for the sale of Sintana Energy Inc.'s business in Trinidad in 2025 has been received.

It is noted that the company had agreed with the purchaser a variation of terms for the deferred consideration payment instalments, such that full payment of all outstanding amounts, less an agreed early payment discount, are to be accelerated to end December, 2026 (previously remaining deferred consideration payments extended through to end 2027). Consequently, prior to the end of 2026 and including the payment already received, the company expects to have received aggregate cash payments totalling $900,000 in respect of the deferred balance owing for sale of its Trinidad business (previously $1-million across 2026 and 2027), which will fully conclude the exit of the company from all business, assets and operations in Trinidad.

About Sintana Energy Inc.

Sintana, the Canadian parent company of a group of companies, is focused on the acquisition, exploration, potential development and ultimately the monetization of a diverse portfolio of interests in high-impact assets with significant hydrocarbon resource potential in emerging frontier geographies. Specifically, this includes interests in eight licences in two countries, Namibia and Uruguay, as well as pending indirect interests in additional licences in Namibia and Angola (and legacy assets in Colombia and the Bahamas), providing exposure to a range of geologic plays, basins, operators, regulators, jurisdictions and geopolitical regimes.

We seek Safe Harbor.