Mr. Manolo Zuniga reports

PETROTAL ANNOUNCES VOTING RESULTS OF SHAREHOLDERS' MEETING

All resolutions at Petrotal Corp.'s annual general meeting of shareholders held on June 23, 2026, have been fully authorized and approved. A total of 398,160,798 common shares representing approximately 43.3 per cent of Petrotal's issued and outstanding common shares, were represented at the meeting.

The shareholders approved the setting of the number of directors to be elected at the meeting at eight and the following nominees were elected as directors of Petrotal, being the eight nominees listed in the management information circular of the company dated May 12, 2026, to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with Petrotal's bylaws. Results of the vote are as follows.

In addition, shareholders approved the appointment of Deloitte LLP as auditor of the company to hold office until the next annual meeting, and the directors were authorized to fix its remuneration. The results of the vote were as follows.

 
      Votes for (%)
     
397,040,210 (99.7%)  

The shareholders also approved the grant of unallocated share units issuable under Petrotal's performance and restricted share unit plan pursuant to the requirements of the Toronto Stock Exchange.

      Votes for (%)     

243,690,159 (61.2%)  

Lastly, the shareholders approved a special resolution authorizing the directors to consolidate the common shares of the company on the basis of a ratio of one postconsolidation common share for between five and 10 preconsolidation common shares, as described in the information circular.

 
      Votes for (%)     

390,026,730 (98.0%)  

A full report on the voting results is available under Petrotal's profile on SEDAR+.

About Petrotal Corp.

Petrotal is a publicly traded, triquoted oil and gas development and production company domiciled in Calgary, Alta., focused on the development of oil assets in Peru. Petrotal's flagship asset is its 100-per-cent working interest in Bretana oil field in Peru's Block 95, where oil production was initiated in June, 2018. In early 2022, Petrotal became the largest crude oil producer in Peru. The company's management team has significant experience in developing and exploring for oil in Peru and is led by a board of directors that is focused on safely and cost-effectively developing the Bretana oil field. It is actively building new initiatives to champion community-sensitive energy production, benefiting all stakeholders.