Mr. Brian Reinsborough reports

RECONAFRICA ANNOUNCES UPSIZE OF BOUGHT-DEAL PUBLIC OFFERING TO C$19 MILLION TO CONDUCT HORIZONTAL SIDETRACK AND PRODUCTION TESTING PROGRAM AT THE KAVANGO WEST 1X OF THE HUTTENBERG FORMATION

Reconnaissance Energy Africa Ltd. has entered into an amended agreement with Research Capital Corp. as the sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and ATB Cormark Capital Markets, to increase the size of its previously announced bought deal public offering, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 26,028,000 units of the company at a price of 73 cents per unit for aggregate gross proceeds to the company of $19,000,440.

Each unit shall comprise one common share of the company and one-half of one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of 93 cents at any time up to 36 months from the closing of the offering. In addition, the company will use commercially reasonable efforts to obtain the necessary approvals to list the warrants on the TSX Venture Exchange.

The company has granted to the underwriters an option to increase the size of the offering by up to an additional number of units, and/or the components thereof, that in aggregate would be equal to 15 per cent of the total number of units to be issued under the offering, to cover overallotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the offering.

The net proceeds from the offering will be used for conducting an open-hole horizontal sidetrack and production testing program, targeting the primary reservoir in the Huttenberg formation and/or the secondary reservoir in the Elandshoek formation, and for general corporate purposes and working capital.

The closing of the offering is expected to occur on or about Sept. 10, 2026, or on such other date as the underwriters may determine, and is subject to the company receiving all necessary regulatory approvals, including the acceptance of the exchange to list, on the closing, the common shares and the warrant shares.

In connection with the offering, the company intends to file a prospectus supplement, to the company's short form base shelf prospectus dated April 13, 2026, with the securities regulatory authorities in each of the provinces of Canada (except Quebec). Copies of the base shelf prospectus and any supplement thereto to be filed in connection with the offering, are and will be available under the company's profile on SEDAR+.

About Reconnaissance Energy Africa Ltd.

ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara fold belt and Kavango Rift basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the company holds petroleum licences and access to approximatley 13 million contiguous acres. The company also operates the Ngulu block in the shallow waters offshore central Gabon covering 1,214 Km2 (equivalent to 54 Gulf of Mexico blocks) which is strategically located near producing oil fields and infrastructure. The Ngulu block includes the Loba oil field discovery and a large inventory of high-impact prospects in the presalt and postsalt plays. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

We seek Safe Harbor.