Mr. Richard Gonzalez reports

PETRO-VICTORY ANNOUNCES PARTNERSHIP WITH BLUE OAK INVESTMENTS FOR ACQUISITIONS IN BRAZIL AND LATIN AMERICA

Petro-Victory Energy Corp. has formed a strategic partnership with Blue Oak Investments and signed a term sheet to form a new special-purpose vehicle (SPV) aimed at acquiring exploration and production (E&P) assets and companies in Brazil and Latin America. Under this partnership, Blue Oak will provide the capital while Petro-Victory will operate and develop the acquired assets.

About Blue Oak Investments

Blue Oak is a prominent investment firm with over 70 years of combined experience in the financial markets, having led more than 40 billion Brazilian reais in transactions across Brazil and globally, with a focus on oil, gas, and energy sectors. The firm specializes in identifying businesses with strong fundamentals, such as stable cash flow, fixed assets and market leadership. Founded by industry veterans, Blue Oak leverages expertise across private equity, distressed investing and special situations globally.

Term sheet

The company has signed a term sheet with Blue Oak to establish an SPV aimed at acquiring assets and companies in Brazil and Latin America. The SPV will be structured to achieve an equitable ownership participation in the SPV, ensuring a balanced and mutually beneficial relationship. The partnership leverages the complementary strengths of both organizations. Blue Oak not only provides the necessary capital but also brings extensive expertise in strategic investments and the energy industry. Petro-Victory will manage the operations, drawing on its deep experience in the region and proven record in onshore oil and gas development.

Richard F. Gonzalez, chief executive officer of Petro-Victory Energy, commented: "We are proud to join forces with Blue Oak in this transformative partnership. Their strong capital position to finance acquisitions and extensive experience in structuring oil and gas transactions, combined with our operational excellence and deep industry knowledge, positions us to drive meaningful growth and unlock significant value in the E&P sector across Brazil and Latin America."

Meton Morais, founding partner at Blue Oak, commented: "We are very pleased to establish this relationship with Petro-Victory, a distinguished organization with a world-class team as we work together to explore promising opportunities in Brazil and Latin America."

About Petro Victory Energy Corp.

Petro Victory Energy is engaged in the acquisition, development and production of crude oil and natural gas resources in Brazil. The company holds 100-per-cent operating and working interests in 38 licences totalling 257,604 acres in two different producing basins in Brazil. Petro-Victory generates accretive shareholder value through disciplined investments in high-impact, low-risk assets. The company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY.

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