PSU Share Issuance and Total Voting Rights

Calgary, AB and Houston, TX - April 8, 2024-PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces issuance of Common Shares to employees pursuant to the annually vested performance share unit plan ("PSU").

Shares issued for vested 2023 PSUs

In recognition of 2023 KPIs achievement, the Company has issued an aggregate of 1,323,473 Common Shares to employees (none of which were issued to Officers) pursuant to the obligation to annually issue vested PSUs to acquire Common Shares.

Further details regarding the PSU plan are set out in the management information circular for the Company dated August 3, 2023, which is available on SEDAR+ at www.sedarplus.ca. The Corporate Governance and Compensation Committee of the Board is charged with overseeing the PSU plan.

Following this grant, the Company has a total of 11,383,283 PSUs outstanding.

Admission to Trading and TVR

For the above issuances, application will be made to the London Stock Exchange for the admission of, in aggregate, 1,323,473 Common Shares to trading on AIM ("Admission"). It is expected that Admission will become effective at 8:00 am London time on or around April 11, 2024.

Following Admission, the Company will have 914,427,863 Common Shares issued and there are no shares held in treasury. For purposes of the Disclosure Guidance and Transparency Rules, the total number of voting rights in the Company is 914,427,863 Common Shares. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Douglas Urch

Executive Vice President and Chief Financial Officer

Manolo Zuniga

President and Chief Executive Officer

PetroTal Investor Relations

Celicourt Communications

Mark Antelme / Jimmy Lea

Strand Hanson Limited (Nominated & Financial Adviser)

Ritchie Balmer / James Spinney / Robert Collins

Stifel Nicolaus Europe Limited (Joint Broker)

Callum Stewart / Simon Mensley / Ashton Clanfield

Peel Hunt LLP (Joint Broker)

Richard Crichton / David McKeown / Georgia Langoulant

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