Mr. Dean Callaway reports

SONORO ENERGY ANNOUNCES HEADS OF AGREEMENT WITH IPR ENERGY GROUP

Sonoro Energy Ltd. has signed a heads of agreement (HOA) with IPR Energy Group, a leading global energy company based in Irving, Texas, United States.

Under the terms of the HOA, Sonoro Energy and IPR Energy Group will collaborate to evaluate known oil accumulations expected to be made available through Iraqi government licensing bid rounds and/or direct negotiations. The two companies will enter a joint study and bid agreement, with the goal of securing oil assets where significant production increases can be achieved through further field development and the application of advanced technologies.

Initially, the focus of the HOA will be on acquiring producing assets in Iraq. The agreement also lays the groundwork for expanding future collaboration across the Middle East and North Africa (MENA) region.

IPR Energy Group brings over four decades of experience in the oil and gas industry, offering a range of services from consulting and field services to exploration and production (E&P). IPR's consulting division specializes in optimizing petroleum assets, while its field services group provides the essential technologies for enhancing production and drilling/workover rig services. IPR's E&P team is responsible for discovering and developing new producing assets, and the company holds a significant operated and non-operated position in Egypt.

Greg Renwick, chief executive officer of Sonoro Energy, commented, "This agreement is a significant milestone for Sonoro Energy, aligning us with a highly qualified operator while leveraging our expertise, industry and government relationships in order to create value for our shareholders."

This is the second strategic relationship announced by Sonoro this month in the region. The company is encouraged by the multiple opportunities being assessed in addition to its independent activities in Western Canada.

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