Mr. Gary Chen reports

PERISSON PETROLEUM CORPORATION OBTAINS REVOCATION ORDER

Perisson Petroleum Corp. has applied for and received a full revocation of a dual failure-to-file cease trade order (FFCTO) issued by the Alberta Securities Commission and the Ontario Securities Commission on July 22, 2021. The FFCTO was issued due to the failure by the company to file: (i) its annual audited financial statements, annual management's discussion and analysis, and certification of the annual filings for the year ended Dec. 31, 2020; and (ii) its interim unaudited financial reports, interim management's discussion and analysis, and certification of the interim filings for the interim period ended March 31, 2021. The revocation order was granted Dec. 29, 2025.

The company intends to begin the process with the TSX Venture Exchange regarding a resumption of trading the company's common shares on the exchange in the near term. There is no assurance that the company's common shares will resume trading on the TSX Venture Exchange.

In addition, Brad Perry, chief financial officer of the company, resigned effective Jan. 26, 2024. Gary Chen, chief executive officer, has assumed the role of interim CFO until such time as his replacements is appointed. The company wishes to thank Mr. Perry for his service and wishes him the best in his future endeavours.

About Perisson Petroleum Corp.

Perisson Petroleum is currently suspended from trading on the TSX Venture Exchange NEX board and trades under the symbol POG.H. The corporation owns certain oil-and-gas-producing properties in the Twining and Wainwright areas of Alberta, Canada.

We seek Safe Harbor.