Mr. Jeremy Hodder reports

TUKTU RESOURCES LTD. ANNOUNCES APPOINTMENT OF NEW PRESIDENT & CHIEF EXECUTIVE OFFICER

After a comprehensive search by Tuktu Resources Ltd.'s board of directors, Jeremy Hodder, PTech (eng), PMP, MBA, will assume the role of president and chief executive officer of the company, effective immediately.

Mr. Hodder brings a wealth of experience to the role, having held senior leadership positions at Capillary Resources Corp. as president and chief executive officer, at ARC Financial Corp. as executive consultant, at Primavera Resources Corp. as vice-president, operations, and at Petronas Canada as director of its construction, drilling and completions group. With a proven record in building high performance teams, operational excellence and production growth, Mr. Hodder is well positioned to lead Tuktu into its next phase of development.

"After careful consideration and a comprehensive search process, we are thrilled to welcome Jeremy Hodder as our new president and CEO," said Kathleen Dixon, chair of the Tuktu's board of directors. "His extensive expertise and visionary leadership, combined with the new operations and exploitation engineering team, will be invaluable as we continue to expand our presence in Southern Alberta oil pools and deliver value to our stakeholders."

Under Mr. Hodder's leadership, Tuktu will focus on strengthening its core oil producing operations and investing further capital to derisk Monarch Banff and Big Valley drilling opportunities, while fostering a culture of cost control and shareholder value creation.

"Tuktu has a strong asset base and looks to build momentum through the final months of 2025 as we move into the new year," said Mr. Hodder. "I look forward to continuing this important work and leading the company into its next phase of operations, with a view towards providing increased value to Tuktu shareholders."

Concurrent with the appointment of Mr. Hodder, Ms. Dixon will step down from her role as interim president and chief executive officer and continue in her role as board chair. During Ms. Dixon's tenure, she oversaw the recruitment of the new CEO, hired engineering talent and commenced field optimization operations at Monarch on the Banff. The board thanks her for her dedicated service.

We seek Safe Harbor.