Mr. Richard Gonzalez reports

PETRO-VICTORY ENERGY PROVIDES UPDATE ON THE CONCLUSION OF DRILLING THE AND-5 WELL IN THE 100% OWNED ANDORINHA FIELD, ONSHORE, BRASIL

Petro-Victory Energy Corp.'s drilling operations for the AND-5 well, in partnership with Azevedo & Travassos Energia (ATE), located in the Andorinha field, Potiguar basin, Rio Grande do Norte, were successfully concluded.

Highlights

• Drilling operations: Drilling began on June 25 and concluded on July 5, reaching a total depth of 1,165 metres through sedimentary and basement rock layers.
• Technical execution: The operation utilized the Drake-2 onshore hydraulic rig, with wireline logging by Halliburton and successful installation of seven-inch nominal production casing.
• Reservoir findings: Petrophysical analysis identified 13 metres of net pay across four oil-bearing intervals using a 3,500-part-per-million salinity cut-off.
• Next steps: The company will mobilize a completion rig for special saturation logging, followed by well testing, completion and tie-in to the Andorinha collection station.

AND-5 well drilling update

Drilling commenced on June 25, progressing through sedimentary rock sections, and was concluded in basement rock on July 5 at a final total depth of 1,165 metres. Subsequently, wireline logging operations were performed, followed by the running of the seven-inch nominal production casing to final depth.

The operation was carried out using the Drake-2 onshore hydraulic drilling rig, with logging services provided by Halliburton.

Based on conventional petrophysical evaluation, applying a salinity cut-off of 3,500 ppm, 13 metres of net pay was identified, distributed across four oil-bearing intervals. The technical team is continuing detailed analysis of the acquired logs and associated data.

In the next operational phase, mobilization of an onshore completion rig is planned, with the objective of acquiring special saturation logs to more accurately characterize the productive intervals. Subsequently, well testing and completion operations will be carried out to prepare the well for production, followed by tie-in to the Andorinha collection station.

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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