Decklar Updates Crude Oil Trucking Operations and Sales at the Oza Oil Field - Seite 2

Expansion of Trucking Fleet

Decklar and Millenium now have a total of 30 trucks contracted and permitted to deliver crude oil from the Oza Oil Field to ERPC and to DMCL. This fleet of trucks has allowed deliveries of increased volumes of crude oil produced at the Oza Oil Field, with 22 trucks currently servicing ERPC and 8 trucks dedicated to DMCL.

Sanmi Famuyide, CEO of Decklar Resources, said, “Crude oil deliveries to ERPC and to our new customer, DMCL, have been continuing steadily in a routine manner. This has provided consistent cash flow and enabled Decklar and Millenium to deliver and sell substantial volumes of crude oil to both customers. We have delivered a total of over 37,000 bbls to ERPC’s Edo refinery and have delivered over 3,700 bbls to DMCL’s refinery under their initial 5,000 bbls contract. The additional trucks we have contracted have allowed us to increase deliveries, and we are nearing the completion of the 30,000 bbls contract with ERPC and will then continue to produce and deliver crude oil under the recently executed agreement with ERPC to deliver and sell another 200,000 bbls.”

For further information:

Sanmi Famuyide
Chief Executive Officer Telephone: [phone]
Email: [e-mail]

David Halpin
Chief Financial Officer Telephone: [phone]
Email: [e-mail]

Investor Relations: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Language

Certain statements made and information contained herein constitute "forward-looking information" (within the meaning of applicable Canadian securities legislation), including, but not limited to, statements regarding: the future commercial production of the Oza-1 and Oza-4 wells, obtaining and renewing all trucking permits, timing and delivery of production to trucks for offloading at the oil refinery or storage tanks, the timing for payment of crude oil sales, the final execution of necessary agreements to sell additional crude oil, and the maintaining of stable crude oil production. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such statements and information (together, "forward looking statements") relate to future events or the Company's future performance, business prospects or opportunities. There is no certainty that definitive agreements in respect of the Transaction will be entered into, or that any conditions precedent contained therein will be satisfied on terms satisfactory to the parties or at all.