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Share Issue and Total Voting Rights

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Calgary, AB and Houston, TX - April 28, 2025 - PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces the award of shares to employees and total voting rights.

Employee Share Awards

PetroTal has issued an aggregate of 773,993 Common Shares to employees pursuant to its annual obligation to issue vested Performance Share Units under the Company's performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019. In accordance with the amendment to its normal course issuer bid announced 4 April 2025, the Common Shares awarded to employees will be issued out of shares currently held in Treasury.

Total Voting Rights

Following the issuance of shares to employees, the Company will have 916,539,535 Common Shares of no par value each in issue and no Treasury Shares. Therefore, the total voting rights in the Company will be 916,539,535.

The figure of 916,539,535 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Camilo McAllister

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

596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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