Mr. Kevin Shrimpton reports

OREGEN ENERGY ANNOUNCES NON-BROKERED LIFE FINANCING

Oregen Energy Corp. intends to complete a non-brokered private placement of up to 25 million units for gross proceeds of up to $1.5-million, at a price of six cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Commencing on the 61st day after issuance, each whole warrant will be exercisable into one common share at a price of 11 cents for a period of 36 months from the date of issuance.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

The offering is non-brokered; however, the company may pay eligible arm's-length finders a cash commission of up to 7 per cent of the gross proceeds raised from subscribers introduced by such finder and may issue such finder or finders that number of finders' warrants equal to up to 7 per cent of the number of units sold to investors introduced by such finders. Each finder's warrant shall entitle the holder thereof to acquire one common share at a price of 11 cents for a period of 36 months from issuance. All finder compensation is subject to applicable regulatory approval.

The offering is expected to close in one or more closings, with the initial closing expected to occur on or about Oct. 5, 2026, or such other date as may be determined by the company.

Closing of the offering is subject to obtaining all required approvals, including the approval of the Canadian Securities Exchange (the CSE) and any other regulatory approval.

The proceeds from the offering will be used by Oregen to finance general working capital and to finance the licensing of seismic data in respect of the company's Orange basin assets, including its indirect interest in Block 2712A (PEL 107) and Block 2812Ab.

Highlights

• Oregen intends to complete a non-brokered private placement of up to 25 million units at six cents per unit for gross proceeds of up to $1.5-million; each unit consists of one common share and one-half of one common share purchase warrant.
• The offering is being made pursuant to the listed issuer financing exemption under NI 45-106; securities issued will not be subject to a hold period under applicable Canadian securities laws.
• Proceeds will be used to finance general working capital, to finance the licensing of seismic data in respect of the company's Orange basin assets.
• Initial closing expected on or about Oct. 5, 2026, subject to Canadian Securities Exchange and other regulatory approvals.

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. Oregen has also signed a non-binding letter of intent to evaluate an investment in Petrovena Energy Pty. Ltd., which has been issued an award letter to enter into a petroleum agreement and be granted a license on Block 2812Ab, a highly prospective exploration block located directly northwest of TotalEnergies' Venus discovery.

We seek Safe Harbor.