Mr. Sebastian Lowes reports

TGX COMPLETES SHARES FOR DEBT TRANSACTIONS

TGX Energy & Resources Inc. has closed its previously announced debt settlement transaction (see the company's news releases dated Feb. 4, 2026, and March 27, 2026). Pursuant to debt settlement agreements dated as of March 27, 2026, with certain creditors of the company, the company has issued an aggregate of 1,904,612 common shares of the company at a deemed price of 10 cents per share and 952,256 warrants at an exercise price of 13 cents per share for a period of one year from the date of issuance to settle an aggregate of $190,451.20 in outstanding debt owed by the company. The securities are subject to a four-month hold period expiring Sept. 22, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

We seek Safe Harbor.