Mr. Chayan Chakrabarty reports

BENGAL ENERGY LTD. PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT

Bengal Energy Ltd. has increased its previously disclosed non-brokered private placement from gross proceeds of $1,515,000 to gross proceeds of $1,525,000. Under the increased offering, the company will issue an additional 285,714 common shares at 3.5 cents per common share.

The offering is anticipated to close on or about May 4, 2026, subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange. The common shares issued pursuant to the offering will be subject to a statutory hold period expiring four months plus one day from the closing date.

All other terms of the offering remain as set out in the company's April 23, 2026, press release.

About Bengal Energy Ltd.

Bengal is an international oil and gas exploration and production company with producing and prospective light-oil-weighted onshore assets in Australia's Cooper basin. Bengal offers unique exposure to high-potential impact exploration and development projects underpinned by lower-risk current production and cash flow. The company's production stream consists predominantly of ultralight, sweet crude oil (52 degrees API) out of Australia, which commands a premium price to the Brent benchmark.

We seek Safe Harbor.