Mr. Bryden Wright reports

ROK RESOURCES APPOINTS NEW CEO & BOARD MEMBER, & FILES 2024 FINANCIAL RESULTS & MANAGEMENT DISCUSSION & ANALYSIS

Rok Resources Inc. has promoted Bryden Wright to president and chief executive officer of the company, with Cameron Taylor continuing to serve the company as executive chairman of the board.

"The natural leadership evolution underscores the company's confidence in Mr. Wright's capabilities. With over 17 years of industry experience, Rok will continue to rely upon Mr. Wright and his team to guide responsible economic growth and deliver on Rok's long-term strategy to unlock shareholder value," commented Mr. Taylor.

Further, effectively immediately, David French has joined the board of directors of the company, replacing David Hergenhein. The company thanks Mr. Hergenhein for his efforts and service on behalf of Rok shareholders.

Mr. French is a seasoned financial executive with over 30 years of experience, including more than 20 years in the Canadian oil and gas industry. Mr. French is currently the chief financial officer and senior vice-president of finance at Burgess Creek Exploration Inc., a Calgary-based private oil and gas exploration company. Prior to joining Burgess Creek, Mr. French served as chief financial officer and vice-president of finance at Elkhorn Resources Inc. and Medora Resources Inc., both Calgary-based private oil and gas exploration companies. Earlier in his career, Mr. French spent a decade working internationally in a variety of finance roles, gaining broad exposure to global energy markets and operational finance. A chartered professional accountant (CPA, Alberta) and a fellow of the Institute of Chartered Accountants in England and Wales (FCA), Mr. French brings deep expertise in financial management and strategic planning. His diverse experience and long-standing contributions have established him as a respected and trusted leader within the Canadian energy sector.

2024 financial and operating highlights

The company has filed its annual financial results and management discussion and analysis for the year ended Dec. 31, 2024:

• 43-per-cent reduction in adjusted net debt: The company exited 2024 with adjusted net debt of $10.6-million, representing a 43-per-cent, or $8.1-million, reduction year over year.
• Funds from operations outperforms forecast: Funds from operations were $31.4-million in 2024, a 5-per-cent increase compared with an internal forecast of $29.8-million.
• Production in line with forecast: Daily average production in 2024 was 3,992 barrels of oil equivalent per day (66 per cent liquids), which represents production growth of 3 per cent, despite a 37-per-cent reduction in capex, year over year.
• Reserves growth: As a result of its successful light oil drilling program in 2024, the company had a 4-per-cent increase on total proved and medium oil reserves and 5-per-cent increase on total proved plus probable light and medium oil reserves.

Complete reports and statements will be made available on SEDAR+ and on the company's website.

About Rok Resources Inc.

Rok Resources is primarily engaged in petroleum and natural gas exploration and development activities in Alberta and Saskatchewan. It has offices located in both Regina, Sask., Canada, and Calgary, Alta., Canada. Rok's common shares are traded on the TSX Venture Exchange under the trading symbol ROK.

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