Mr. Grayson Andersen reports

STAMPER ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND CORPORATE UPDATE

Stamper Oil & Gas Corp. has released the voting results on matters considered at its annual general meeting held in Vancouver, B.C., Canada, on Nov. 18, 2025, and has provided a corporate update.

Mathew Goldsmith, chairman, commented: "I am pleased that we have assembled a board of directors with broad and diverse knowledge and skill set. The board has deep experience from governance, finance, operations, regulatory and Namibia perspectives. The strong board complements the strong asset base we have assembled in Namibia as we look forward to executing on our business plan and strategy for successful oil and gas exploration, offshore Namibia."

Grayson Andersen, chief executive officer, commented: "With our newly elected board of directors, including significant shareholder and chairman, Mathew Goldsmith, we are in a position to start driving forward and executing on our key strategic initiatives, which will ultimately end up with drilling taking place on our blocks, where we have working or carried interests. With continued exploration success in the Orange basin, offshore Namibia, driven by Rhino Resources and their partner Azule Energy, a joint venture between BP and ENI, we could see two or three final investment decisions made for projects in 2026. We also continue to expect to see new entrants coming to Namibia and for farm-in and farmout activity to remain robust for the remainder of 2025 and throughout 2026. Finally, 2026 is expected to be the year where exploration drilling activity resumes in the Walvis basin, where Stamper has petroleum exploration licences 106 and 98. Ultimately, we believe that the Walvis basin may become the most prolific basin for Namibia with large prospects, better quality sands and high-quality reservoirs."

Annual general meeting results

The nominees listed in the company's management information circular dated Sept. 29, 2025, being Mathew Goldsmith (chairman), Simon Akit, Desmond Balakrishnan, Chris Cooper and Joseph Iita, were elected to the board of directors of the company, until the next annual meeting of shareholders or until their successors are duly appointed or elected. The company would like to thank outgoing board members Bryson Goodwin, Saman Eskandari, Quinn Field-Dyke and James McCrea for their help and support as the company has recapitalized and repositioned the company as a pure play oil and gas exploration company with exposure to five high-quality exploration blocks, offshore Namibia, through four PELs, in three of the four prolific oil and gas basins, offshore Namibia.

In addition, at the meeting, the shareholders approved:

• Setting the number of directors of the company at five;
• The appointment of Crowe MacKay LLP as auditor for the ensuing year, noting that, effective Nov. 4, 2025, the company changed auditor from Adam Sung Kim Ltd. to Crowe MacKay LLP;
• The rolling stock option plan of the company in accordance with the rules of the TSX Venture Exchange; and
• The restricted share unit plan of the company in accordance with the rules of the TSX Venture Exchange.

Corporate update

Following a series of meetings between Stamper Oil & Gas and key stakeholders, including government agencies and partners, the company is reviewing and interpreting detailed technical information to help drive farmout initiatives and investment opportunities so that it can progress toward exploration drilling campaigns on blocks where it has interests. Data reviewed to date are encouraging with multiple high-impact opportunities from multiple play types identified throughout the portfolio.

In addition to the value creation initiatives of the company, overall oil and gas exploration activities, offshore and onshore Namibia, remain robust with continuing exploration drilling, evaluation and testing programs, farmout programs, and new entrants activity continuing to drive positive overall sentiment in Namibia and within the industry in general.

About Stamper Oil & Gas Corp.

Stamper is an oil and gas exploration company with ownership interests in five offshore Namibian oil and gas exploration blocks covering four petroleum exploration licences. PEL 107 is in the Orange basin, PEL 102 is in the Luderitz Basin, and PEL 106 and PEL 98 are in the emerging Walvis basin. The company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

We seek Safe Harbor.