Mr. Brian Reinsborough reports

RECONAFRICA ANNOUNCES ADOPTION OF SHAREHOLDER RIGHTS PLAN

The board of directors of Reconnaissance Energy Africa Ltd. (ReconAfrica) has adopted a shareholder rights plan, with Odyssey Trust Company as rights agent, effective today.

The shareholder rights plan is consistent with modern rights plans adopted by other Canadian public companies and has not been adopted in response to any specific proposal or intention to acquire control of ReconAfrica. In the event of an unsolicited takeover bid in the future, the purpose of the shareholder rights plan is to provide the board and shareholders of ReconAfrica with an adequate amount of time to evaluate such unsolicited offer, explore value-enhancing alternatives, encourage potential bidders to treat ReconAfrica shareholders fairly, and provide full and fair value for the ReconAfrica shares.

The shareholder rights plan has been conditionally accepted by the TSX Venture Exchange, subject to ratification by ReconAfrica's shareholders at the 2026 annual general meeting, to be held on or around Feb. 19, 2026. The shareholders right plan is expected to initially remain in effect for three years after the date of formal shareholder ratification. A copy of the shareholder rights plan is available on SEDAR+ and the company's website.

About Reconnaissance Energy Africa Ltd.

ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold belt and Kavango Rift basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the company holds petroleum licences and access to approximately 13 million contiguous acres. The company also operates the Ngulu block in the shallow waters offshore Gabon. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

We seek Safe Harbor.