Glass Lewis Recommendation

Reabold, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide the following update on the Glass Lewis Proxy Paper report, as it relates to the Company's requisitioned general meeting to be held on 10 January 2024. Glass Lewis has recommended that shareholders VOTE AGAINST ALL proposed resolutions, consistent with the current Board's recommendation.

The current Board would encourage shareholders to cast their vote at their earliest convenience to ensure their votes are received before the general meeting.

Sachin Oza, Co-CEO of Reabold, commented:

"We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board's recommendation. We strongly encourage all shareholders to vote at their earliest convenience."