Mr. Michael Judson reports

RECORD RESOURCES ANNOUNCES UPCOMING CTSOP TECHNICAL MEETING IS TAKING PLACE IN GABON

Record Resources Inc.'s biannual CTSOP (technical committee meeting for the monitoring of petroleum operations) or partners technical meeting for the Ngulu oil project is taking place on Oct. 26, 2026, in Libreville, Gabon.

The agenda, involving all consortium partners, including committee members of the Gabon government, will cover objectives for the Ngulu block, a recap of continuing exploration activities, environmental, social and governance, and work program plans for 2027, and approve the closing budget for this year 2026 and forecast budget for 2027 calendar year.

The consortium is exploring the Ngulu block, which covers 1,214 square kilometres and is equivalent to 54 Gulf of Mexico blocks and is in shallow water offshore central Gabon. This strategic block is located on trend to several sizable producing oil fields. The key aspects of the Ngulu block include the Loba oil field discovery and over 28 seismically identified prospects in the presalt Gamba/Dentale and postsalt plays.

The marquee prospects on the block include Lepidote Deep (postsalt play), the Palomite complex including Deep (presalt play) and shallow (postsalt) prospects, and the Pompano complex with both postsalt and subsalt prospects.

The Loba discovery was made by Elf-Gabon's LOM-1 well, which targeted the Batanga and Anguille reservoirs. The LOM-1 well discovered a shallow oil zone (27-degree API gravity oil) in the Batanga formation with 140 metres of gross oil column (70 metres net pay) and is similar to nearby producing fields Barbier, Barbier Southwest and Ablette.

The Loba oil discovery was made in 60 metres of water depth and is approximately 10 kilometres from the Barbier field existing infrastructure, operated by international oil company Perenco. Management believes that low-cost options are available for the development of the Loba complex, which include the initial Loba oil discovery and follow-on appraisal targets at Loba Deep and Loba East.

The Loba complex has potential production of approximately 20,000 barrels per day based on offset fields. Wells in analogous fields have shown initial production rates up to 7,600 bbl/d of oil with a single completion. These analogous wells are located within 40 kilometres from the Loba oil complex and are in the same targeted reservoir.

In other news, Record has issued 150,000 stock options to a consultant of the company. The stock options are exercisable at a price of 10 cents per share for a period of five years from the date of grant. All options are subject to the terms and conditions of the company's equity incentive plan and applicable regulatory approvals.

About Record Resources Inc.

Record Resources is an exploration and production company advancing high-impact oil and gas plays with large-in-place resources and scalability. The company is in a consortium developing oil and gas projects in central Gabon's Ngulu block, a mature yet underexplored hydrocarbon base. Record also holds an interest in natural hydrogen exploration assets in Ontario, Canada, offsetting recent discoveries.

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