Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. ANNOUNCES OPERATIONS UPDATE

Kolibri Global Energy Inc. has provided an operations update on its latest wells in its Tishomingo field in Oklahoma.

Lovina wells

The Lovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H and Lovina 9-16-4H wells (all 100-per-cent working interest) have been successfully fracture stimulated, have been flowing back the fracture stimulation fluid through a conservative controlled flowback and are in various stages of frac fluid recovery. While the wells are still cleaning up, they have been continuing to increase their production rates as more fracture stimulation fluid is recovered. For the past four days, the 1H well has been averaging 571 barrels of oil equivalent per day with 473 barrels of oil per day, the 2H well has been averaging 643 boepd with 523 bopd, the 3H well has been averaging 416 boepd, with 339 bopd, and the 4H has been averaging 322 boepd with 271 bopd. The Lovina wells are producing much higher percentages of oil than many of the company's previously drilled wells. The higher oil percentage and the longer well lengths, with the controlled conservative flowback, have led to a longer cleanup cycle compared with past Kolibri wells. Production tubing strings will be run in the wells starting next week, which previously led to significantly higher production rates in the offset well.

Forguson well

The Forguson 17-20-3H well has been successfully fracture stimulated and is anticipated to begin its flowback in the next few days. Kolibri is operator and has a 46-per-cent working interest in this well, which is testing the economics of the company's 3,000 acres located on the eastern side of the company's acreage.

Barnes 6-31-2H and 6-31-3H wells

A drilling rig is scheduled to move in on Aug. 11, 2025, to begin drilling the Barnes 6-31-2H and Barnes 6-31-3H wells. These wells are planned to be 1.5-mile laterals, in which Kolibri has a 99.9-per-cent working interest. Once the drilling of both wells is complete, completion operations are planned to occur simultaneously with the two previously drilled Velin wells.

Wolf Regener, president and chief executive officer, commented: "We are thrilled about the high oil percentage of the Lovina wells, which we believe generally leads to higher netbacks for the company and will lead to slower decline rates. We are also looking forward to seeing what the ultimate productivity of these wells will be.

"The east-side acreage, where the Forguson well is located and Kolibri has approximately 3,000 net acres, is not included in the Dec. 31, 2024, reserve report. The Caney target for the Forguson well has very similar characteristics and thickness to the main part of the field in Kolibri's proved acreage, except that it is shallower. If the Forguson well proves to be economic, in addition to adding cash flow, it could lead to many additional development locations for the company.

"We are looking forward to the additional production and cash flow from all of these wells, which we expect will significantly increase the company's cash flow and add incremental value to our shareholders."

About Kolibri Global Energy Inc.

Kolibri Global Energy is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the company owns and operates energy properties in the United States. The company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the Nasdaq Stock Market under the stock symbol KGEI.

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