Mr. Richard Gonzalez reports

PETRO-VICTORY ENERGY CORP. CORPORATE UPDATE

Petro-Victory Energy Corp. has issued 575,000 bonus warrants to PPF 13 LLC (the lender) in consideration for the forbearance and extension of the principal payment on the previously announced loan from the lender to the company. The bonus warrants are exercisable at 75 cents on or before Aug. 25, 2026. The issuance of the bonus warrants remains subject to TSX-V final acceptance.

The bonus warrants replace the existing 475,000 bonus warrants that were previously issued to the lender, which were exercisable at $2.03 on or before Aug. 25, 2026. Of the existing warrants, 375,000 were issued in consideration for the loan and the remaining 100,000 of the existing warrants were issued on Aug. 23, 2024, in consideration for a previous forbearance and extension of a loan.

About Petro-Victory Energy Corp.

Petro-Victory Energy is an oil and gas company engaged in the acquisition, development and production of crude oil and natural gas in Brazil. The total portfolio under management as of the date of this filing includes 49 concession contracts with 276,755 acres, net to Petro-Victory, plus an additional six concessions and 19,074 acres owned jointly with BlueOak in Capixaba Energia. Through disciplined investments in high-impact, low-risk assets, Petro-Victory is focused on delivering sustainable shareholder value. The company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY.

We seek Safe Harbor.