Trio Petroleum provides Alberta update, confirms near-term production

Trio Petroleum (TPET) provides an operational update on its Alberta heavy-oil asset located at NW 7-50-1W4, marking the Company’s first producing foothold and strategic entry into the Province of Alberta. Trio confirms that, as of January 30, 2026, all required Alberta Energy Regulator approvals and license transfers associated with the property were completed. With regulatory approvals now in place, Trio Canada has transitioned the asset from acquisition and regulatory processing to active field operations. The Company expects to place the following two wells on production within 7 to 10 days, subject to routine field execution timing and severe weather: 100/11-7-50-1W4 and 103/12-7-50-1W4. Based on current operating plans and historical performance of the wells, management anticipates these two wells together will contribute approximately 30 to 40 barrels of oil per day as production is established.