Decklar Resources Inc. Provides Update

(TheNewswire)

18 June, 2025 – TheNewswire - Calgary, Alberta – Decklar Resources Inc. (TSX-V: DKL)(OTC: DKLRF) (FSE: A1U1) ( “ Decklar or the “ Company”) is pleased to provide an update on production,financial filings, regulatory milestones, and development activitiesin respect of the Oza Oil Field, located onshore Nigeria.

Key Highlights

• Ongoing Production atOza-1 : The Oza-1 well continuesto produce at a steady net rate of c.340 barrels of oil per day(bopd).

• Crude Oil Evacuation andSales : Decklar and Millenium Oil& Gas Company Limited (“Millenium”) have year to date (end ofApril, 2025) injected a total of 39,000 barrels of crude oil into theTrans Niger Pipeline (“TNP”) for delivery to the Bonny ExportTerminal.. Losses attributable to line losses and reconciliationadjustments have now reduced to approximately 5%, continuing thedownward trend from the previously reported six-month average ofapproximately 13% and three-month average of 10%. This reflectsimproving operational efficiency and reduced system losses in ourcrude oil lifted by Shell Western Supply and Trading Limited(“Shell”).

• Oza-4 Re-completion and TestingUpdate: SLB (formerlySchlumberger) has successfully completed the zone change from theM3000 zone to the L7000 zone in the Oza-4 well and handed over thewell to the production operations team. Decklar and Millenium havereceived regulatory approval from the Nigerian Upstream PetroleumRegulatory Commission (NUPRC) to conduct requisite Maximum EfficientRate (MER) test on the well. The well is currently being produced atdifferent choke sizes to determine optimal production performance,further updates will be announced in the ear future..

Oza Field Development and ExpansionPlans

Following the successful completion ofre-entry and re-completion activities at the Oza-4 well, Decklar isencouraged by initial production results from the newly perforatedL7000 reservoir. As this is a previously non-produced and unprovenzone within the Oza structure, its success will unlock additionalhydrocarbon-bearing intervals and reserves in the Ozafield.

Decklar and its strategic development partner, OnyxxResource Development Limited ( “ Onyxx”), are progressing to the next phase of the fielddevelopment. Subsurface interpretation and well design are beingfinalized, including  detailed cost and schedule planning fordrilling a sidetrack in the existing Oza-2 Well into the crest of themain Oza Field structure. A suitable drilling rig has been identified.Initial civil works at the well site will commence in late June/early July 2025,including location survey, site clearing, and layout planning toaccommodate rig positioning and support infrastructure. Theapplication for the drilling permit is being finalized for submissionto the NUPRC. Rig contracting and mobilisation planning will proceedupon receipt of the necessary approvals and permits.

These activities form part ofDecklar ’ s broader phased development plan for the Oza Field, designedto increase production and reserves while maintaining operational andcapital discipline. Decklar and partners, Millenium and Onyxx, anticipatedrilling a new vertical development well in the Oza Field followingthe drilling, completion and testing of the Oza-2 sidetrackwell.

Re-listing and Audited FinancialStatements

In parallel, Decklar continues towork with its auditors and is advancing to finalize its auditedfinancial statements and financial quarterly reports. Upon completionand filing of the required financial statements, disclosures andrelated documentation with the applicable regulatory authorities, theCompany intends to apply for re-listing and the resumption of trading,subject to regulatory review and approval.

Sanmi Famuyide, CEO of DecklarResources, commented:

“We are pleased with theconsistent performance of the Oza-1 well and the significantly reducedloss factor on the TNP, which together enhance our operationalreliability. The successful re-completion and handover of Oza-4,combined with early results from the new L7000 reservoir, give usconfidence in our phased development strategy. We remain focused onmaintaining momentum into the next stage of development, including thesidetracking of Oza-2 and unlocking additional upside across the OzaField”

Resignation of Director

The Company announces the Mr. Duncan Blount hasresigned from Decklar’s board of Directors effective immediately topursue and spend more time on other business activities in the miningsector. The Company would to thank Mr. Blount for all his valuablecontribution to the Company throughout the years of his activeinvolvement and wishes him well in his new business ventures.

For further details, visit Decklar’swebsite at www.decklarresources.com or refer to the Company’s filings on SEDAR+at www.sedarplus.ca .

For Further Information:

Sanmi Famuyide

Chief Executive Officer

Phone: +234 703 332 2265

Email: [email protected]

Investor Relations: [email protected]

Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

Cautionary Language

Certain statementsmade and information contained herein constitute "forward-lookinginformation" (within the meaning of applicable Canadiansecurities legislation), including, but not limited to, statementsregarding: disclosure regarding possible events, that are based onassumptions about future economic conditions and courses of action,obtaining necessary approvals from regulatory authorities,availability of services and personnel necessary to complete requiredtasks in order to fulfill regulatory requirements in a timely manner,permits and agreements to allow access and production into pipelinesand deliveries of crude oil by truck, the timing for payment of crudeoil sales, the final execution of necessary agreements to selladditional crude oil, the maintaining of stable crude oil production,the ability to transport crude oil by pipeline or truck, the continuedaccess to functioning pipelines and the availability of exportvessels; and projected or estimated production levels, includinganticipated increases from planned development activities . Allstatements in this news release, other than statements of historicalfacts, are forward-looking statements. Such statements and information(together, "forward looking statements") relate to futureevents or the Company's future performance, business prospects oropportunities.

All statements otherthan statements of historical fact may be forward-looking statements.Any statements that express or involve discussions with respect topredictions, expectations, beliefs, plans, projections, objectives,assumptions or future events or performance (often, but not always,using words or phrases such as "seek","anticipate", "plan", "continue","estimate", "expect, "may", "will","project", "predict", "potential","targeting", "intend", "could","might", "should", "believe" and similarexpressions) are not statements of historical fact and may be"forward-looking statements". Forward-looking statementsinvolve known and unknown risks, uncertainties and other factors thatmay cause actual results or events to differ materially from thoseanticipated in such forward-looking statements. The Company believesthat the expectations reflected in those forward-looking statementsare reasonable, but no assurance can be given that these expectationswill prove to be correct and such forward-looking statements shouldnot be unduly relied upon, particularly with respect to productionvolumes or anticipated productions increases which may differ due tounforeseen technical, operational, or regulatory challenges. TheCompany does not intend, and does not assume any obligation, to updatethese forward-looking statements, except as required by applicablelaws.

These forward-lookingstatements involve risks and uncertainties relating to, among otherthings, changes in oil prices, results of exploration and developmentactivities, uninsured risks, regulatory changes, defects in title,availability of materials and equipment, timeliness of government orother regulatory approvals, actual performance of facilities,availability of financing on reasonable terms, availability of thirdparty service providers, equipment and processes relative tospecifications and expectations and unanticipated environmentalimpacts on operations. Actual results may differ materially from thoseexpressed or implied by such forward-looking statements.

The Company providesno assurance that forward-looking statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements. The Companydoes not assume the obligation to revise or update theseforward-looking statements after the date of this document or torevise them to reflect the occurrence of future unanticipated events,except as may be required under applicable securitieslaws.

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