Ms. Kathleen Dixon reports

TUKTU RESOURCES LTD. ANNOUNCES LEADERSHIP CHANGES AND OPERATIONS UPDATE

Tuktu Resources Ltd. has made significant leadership changes as the company continues to align its operations with its long-term strategic goals and financial priorities by reducing the company's general and administrative expenses. In connection with this transition, effective immediately, Tim de Freitas will cease to act as the company's president and chief executive officer, Gregory Feltham will cease to act as the company's vice-president, exploration, and Kent Busby will cease to act as the company's vice0president, production.

The departures are in response to continuing market challenges and the decision of the company's board of directors to commence a strategic review of Tuktu's operations. This leadership change will assist the company's broader initiative to streamline the company's organizational structure, reduce general and administrative expenses, enhance operational efficiency, preserve financial flexibility, and implement cost-saving measures aimed at ensuring long-term sustainability and resilience.

To further the company's strategic goals and to reduce expenses, the incremental capital budget increase initially announced on Aug. 20, 2025, will be suspended, effective immediately. The company remains committed to delivering value to its shareholders and navigating the current economic environment with discipline and focus.

"Tuktu's board would like to thank Tim, Gregory and Kent for their vision and leadership. Their efforts during their tenure have been instrumental in shaping the company's strategic direction," said Kathleen Dixon, chairperson of the board. "We appreciate their dedication and wish them continued success as they move forward."

The board has appointed Ms. Dixon as interim president and chief executive officer, and will promptly initiate a search for a replacement president and chief executive officer of the company. The board has full confidence in Ms. Dixon to serve Tuktu as its interim president and CEO to deliver on the company's commitments to its shareholders.

The company will also be seeking appropriate arrangements with a qualified consultant to provide day-to-day technical management services to assist management in maintaining operational continuity and ensuring effective oversight of Tuktu's continuing activities until a permanent president and CEO is appointed. The selected consultant will work closely with the leadership team to support key functions and contribute to the company's continued success.

About Tuktu Resources Ltd.

Tuktu is a publicly traded junior oil and gas development company headquartered in Calgary, Alta., with producing oil and gas properties in Southern Alberta.

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