Mr. Bryden Wright reports

ROK RESOURCES ANNOUNCES SALE OF NON-CORE SOUTHEAST SASKATCHEWAN ASSET

Rok Resources Inc. has entered into an asset purchase and sale agreement dated June 22, 2026, with an arm's-length third party for the disposition of certain non-core assets located in southeast Saskatchewan.

Pursuant to the agreement, Rok will receive cash consideration of $8-million, subject to customary closing adjustments.

In the next 12 months, as of June, 2026, the assets are expected to produce 280 boepd (barrels of oil equivalent per day) (97 per cent liquids), representing approximately 8 per cent of Rok's previously forecasted 2026 average production.

"The transaction represents another step in Rok's ongoing strategy of optimizing its portfolio and allocating capital toward opportunities expected to generate meaningful returns for shareholders," said Bryden Wright, president and chief executive officer.

Transaction highlights

• Strategic divestiture of non-operated assets with limited upside:
  • Increases Rok's focus on core operated assets with capital allocation scheduled in 2026;
  • Divestiture of 3.5 proved plus probable drilling locations with Rok retaining 97 per cent of its drilling inventory for future development.
• Attractive metrics accelerates value for Rok shareholders:
  • Cash consideration of $8-million represents a premium to NPV 10 (net present value, 10-per-cent discount rate) of proved developed producing reserves;
  • Transaction value of approximately $28,571 per flowing barrel of oil equivalent based on forecasted next 12 months of production;
  • Bolsters Rok's cash position and provides flexibility for additional capital development, acquisitions, and/or capital return to shareholders.
• Significant reduction in corporate asset retirement obligations (ARO)
  • Divestiture of the assets reduces Rok's total corporate ARO by 16 per cent;
  • Reduces Rok's non-operated ARO spend by approximately 50 per cent annually, allowing the company to focus on operated retirement obligations.

Notes to reader:

1. Internal reserve evaluation utilizing strip pricing as of June 15, 2026.

Transaction details

The transaction has an effective date of June 1, 2026, and is expected to close on or before July 31, 2026, subject to customary closing conditions and receipt of all required regulatory approvals. The transaction is not subject to any financing condition.

Advisers

Peters & Co. Ltd. acted as exclusive financial adviser to Rok in connection with the transaction. McDougall Gauley LLP acted as legal counsel to the company.

About Rok Resources Inc.

Rok is a Canadian energy company engaged in the exploration, development, and production of petroleum and natural gas assets in Saskatchewan and Alberta. The company is headquartered in Regina, Sask., with an additional office in Calgary, Alta. Rok's common shares trade on the TSX Venture Exchange under the symbol ROK.

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