Arrow Announces Normal Course Issuer Bid

Arrow establishes share buyback programme

Calgary, Alberta--(Newsfile Corp. - June 13, 2025) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce that, the TSX Venture Exchange (the "Exchange") has approved the Company's notice of its intention to make a Normal Course Issuer Bid (the "Bid") to commence a share buyback programme (the "Share Buyback Programme").

The notice provides that the Company may purchase up to 14,293,217 Common Shares in the Company ("Shares"), being 5% of the Company's Public Float (as that term is defined in the policies of the Exchange).

The Share Buyback Programme will be for on market purchases of up to £2.7 million worth of Shares (the "Maximum Monetary Amount") carried out on the London Stock Exchange and any other UK recognised investment exchange and in accordance with certain pre-set parameters (the "Share Buyback").

Any purchases of Shares by the Company in relation to this announcement will be effected within certain pre-set parameters and in accordance with (and subject to the limits prescribed by), the Exchange, the Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) (the "Regulations") and the AIM Rules for Companies (the "AIM Rules").

Canaccord Genuity Limited ("Canaccord Genuity") will purchase the Shares under the Share Buyback Programme on behalf of the Company. The Company will provide instructions to buy back Shares as and when its management believes that, at the time of instruction, these repurchases are at or below the Board's view of the intrinsic value of the Company and be in the best interests of shareholders generally. From time to time, the Company may also provide one or more time-limited, irrevocable, non-discretionary instructions to Canaccord Genuity to make trading decisions and repurchase Shares within those instructions independently of the Company. Any purchases of shares made during closed periods pursuant to the Share Buyback Programme shall be made independently of and uninfluenced by the Company.