Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. ANNOUNCES TSX APPROVAL OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange (the TSX) has accepted a notice filed by Kolibri Global Energy Inc. of its intention to make a normal course issuer bid to purchase up to an aggregate of 1,768,841 common shares, being approximately 5 per cent of the total number of 35,376,833 shares issued and outstanding as at Sept. 10, 2025, through the facilities of the TSX and the Nasdaq Capital Market or through alternative Canadian trading platforms. The actual number of shares which may be purchased pursuant to the bid will be determined by management of the company.

Under the bid, shares may be repurchased in open market transactions on the TSX and the Nasdaq and/or other Canadian marketplaces, or by such other means as may be permitted by the TSX and the Nasdaq and applicable securities laws. The price which the company will pay for any such shares will be the prevailing market price at the time of purchase.

Pursuant to TSX rules and policies, the maximum number of shares that may be purchased in one day on the TSX pursuant to the bid will be the greater of 1,000 and 25 per cent of average daily trading volume of the shares on the TSX for the most recently completed six calendar months, subject to certain prescribed exceptions. Twenty-five per cent of the average daily trading volume of the shares on the TSX for the six calendar months ended Aug. 31, 2025, is 10,626 shares. In accordance with U.S. securities laws, the maximum number of shares that may be purchased in one day on the Nasdaq pursuant to the bid is 25 per cent of average daily trading volume of the shares on the Nasdaq in the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.

The timing of purchases will be determined by management of the company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash and other factors. All shares will be purchased for cancellation and the funding for any purchase pursuant to the bid will be financed out of the working capital of the company. The duration of the bid will be one year and will commence on Sept. 23, 2025, and end on Sept. 22, 2026.

The board of directors believes the underlying value of the company may not be reflected in the current market price of its shares. As a result, depending upon future price movements and other factors, the board believes that the shares may represent an attractive investment to the company and that the purchase of the common shares would be an appropriate use of corporate funds and in the best interests of the company and its shareholders.

Pursuant to the company's prior normal course issuer bid which began on Sept. 23, 2024, and expires on Sept. 22, 2025, the company obtained approval from the TSX to purchase up to 1,786,798 shares. As of Sept. 10, 2025, the company has purchased 548,293 shares at a weighted average price of $7.21 per share pursuant to open market transactions through the facilities of TSX and in the United States through the facilities of Nasdaq.

Under the terms of the credit facility between the company's operating subsidiary, Kolibri Energy U.S. Inc. (formerly BNK Petroleum (U.S.) Inc.) (KEI U.S.), and the lender, KEI U.S. may only distribute cash to the company in certain circumstances. Accordingly, the company will only repurchase shares pursuant to the bid using cash which has been distributed to the company by KEI U.S. in compliance with the terms of the credit facility.

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, gas, and clean and sustainable energy. The company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the Nasdaq under the stock symbol KGEI.

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