Mr. Richard Gonzalez reports

PETRO-VICTORY ENERGY CORP. ANNOUNCES SHORT TERM LOANS

Petro-Victory Energy Corp. has borrowed an aggregate of $350,000 (U.S.) and issued unsecured promissory notes to Thomas Cooper, a director of the company, and to an arm's-length third party. The loans have a term of one year and bear interest at an annual rate of 14 per cent per annum until maturity and 18 per cent per annum thereafter. The lenders will be issued an aggregate of 685,350 bonus warrants in connection with the loans, with each warrant being exercisable at 70 cents per common share on or before June 2, 2026. The loans and issuance of warrants remain subject to TSX Venture Exchange final acceptance.

The loan from Mr. Cooper in the aggregate amount of $175,000 (U.S.) and the issuance of 342,675 warrants in connection therewith each constituted a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as Mr. Cooper is a related party (as defined in MI 61-101) of the company. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party matters as the company is listed on the TSX-V and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

About Petro-Victory Energy Corp.

Petro-Victory is an oil and gas company engaged in the acquisition, development and production of crude oil and natural gas in Brazil. The total portfolio under management includes 49 concession contracts with 276,755 acres, net to Petro-Victory, plus an additional six concessions and 19,074 acres owned jointly with BlueOak. Through disciplined investments in high-impact, low-risk assets, Petro-Victory is focused on delivering sustainable shareholder value. The company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY.

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