Mr. David French reports

OREGEN ANNOUNCES LEADERSHIP TRANSITION AND APPOINTMENT OF KEVIN SHRIMPTON AS INTERIM CHIEF EXECUTIVE OFFICER AND DIRECTOR

Mason Granger has elected to step down as chief executive officer and from the board of directors, effective July 31, 2026, to pursue other opportunities. The board and the company thank Mr. Granger for his vision and leadership in building Oregen and wish him every success in his future endeavours. Concurrently, the company is pleased to announce the appointment of Kevin Shrimpton as interim chief executive officer and a director, effective Aug. 1, 2026. The appointment is subject to customary exchange approval and regulatory requirements.

David French, director, commented on behalf of the board: "We are grateful to Mason for his dedication to advancing the Oregen business and shepherding the company through its formative years. His conviction in the Orange basin opportunity created something genuinely valuable, and we wish him well in what comes next. We are equally excited to welcome Kevin in the interim CEO role. His deep knowledge of the African and Middle East energy landscape, built through years of business development at TGS and PGS, makes him ideally suited to advance Oregen's partner engagement and farmout strategy at this pivotal moment."

Mr. Shrimpton commented: "Oregen holds a genuinely exceptional position in one of the world's most active frontier basins. Having spent years working with operators and data consumers across Africa and the Middle East, I have seen first-hand how the Orange basin has captured the attention of major E&P [exploration and production] companies globally. I look forward to working with the board and the team to maintain momentum, advance our data room and farmout process, and deliver outcomes that create lasting value for shareholders."

Mr. Shrimpton is a business development executive with more than 30 years of experience in the upstream oil and gas industry. Mr. Shrimpton most recently served as business development manager, Africa and Middle East, at TGS, where he was responsible for developing commercial relationships with operators and national oil companies across the region. Prior to TGS, he spent over 25 years at PGS, where he led New Ventures activities in North Africa and the Mediterranean, managed equity seismic projects, and held senior sales and marine operations roles. His extensive network across African energy markets and his direct familiarity with the Orange basin data ecosystem position him well to accelerate Oregen's partner development and farmout strategy.

The company also announces that it has granted one million restricted share units (RSUs) and 500,000 incentive stock options to Mr. Shrimpton in accordance with the company's omnibus incentive plan. The options are exercisable at 5.5 cents per common share for a period of three years.

The RSUs and options are subject to vesting restrictions.

About Oregen Energy Corp.

Oregen is an investment company primarily focused on oil and gas assets in Africa. The company is actively exploring other investment opportunities in the Orange and surrounding basins. Its current flagship investment is a 33.95-per-cent net interest in Block 2712A in the Orange basin offshore Namibia, an emerging world-class petroleum province with multiple recent discoveries by major operators.

We seek Safe Harbor.