Company Provides Operational Update for Monterey County Oil Producing Assets - Seite 2

The Company will produce and monitor these baseline production levels as currently completed for the time being and take steps to increase production when appropriate. Based on prevailing well spacing practices in adjacent fields, our geological team estimates that there are up to 50 additional development well locations at Presidents, assuming 40 acre well spacing.

McCool Ranch Field

As a separate update, the Company continues to monitor the HH-1 Well in the McCool Ranch which is continuing to produce approximately 45 BOPD. Based on this positive data, the Company has taken further steps to bring additional shut-in oil wells in this field back online. The 35X well was returned to production end of last week, and Trio’s production team expects to have stabilized production data for this well within two weeks. Lastly, the 58X well received a heat treatment this week, and is in the final stages of being brought back into full-time production.

In summary, the Company currently has three actively producing oil wells, two at McCool Ranch Field and one at Presidents Field. The HH-1 well at McCool Ranch and the HV-3A well at Presidents Field are collectively producing about 75 BOPD. This daily oil rate is expected to increase shortly as the 35X and 58X wells at McCool Ranch resume full time oil production in the immediate near term.

Additional information is provided on TPET’s website at the following link: https://trio-petroleum.com

About Trio Petroleum Corp

Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uinta County, Utah. Trio has a large, approximately 9,300-acre asset called the “South Salinas Project” in Monterey County, California, where it owns an 85.75% working interest, an approximate 22% working interest in the McCool Ranch Oil Field in Monterey County, and an option to acquire a 20% working interest in the approximately 30,000 acre Asphalt Ridge project in Uinta County, Utah.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words "estimates," "believes," "hopes," "expects," "intends," “on-track”, "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio's control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Trio’s S-1 filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.