Petrox Announces Proposed Private Placement and Share Consolidation and Announces Expiry of Letter of Intent with SSGE Bio-Energy Company Limited

Calgary, Alberta--(Newsfile Corp. - October 6, 2025) - Petrox Resources Corp. (TSXV: PTC) (the "Corporation" or "Petrox") announces that it proposes to complete a non-brokered private placement of convertible debentures ("Debentures") having an aggregate principal amount of a minimum of $250,000.00 and a maximum of $350,000.00 (the "Offering").

The Debentures shall mature one year from the date of issue and shall bear no interest. The Corporation may prepay the indebtedness under the Debentures at any time upon 30 days prior written notice, without penalty.

The Corporation intends to complete a consolidation of the common shares of its share capital (the "Common Shares") on an up to 10:1 basis (the "Consolidation") with the Consolidation ratio being determined at the discretion of the directors of the Corporation.

If at least the minimum Offering is raised, the Corporation would complete the Consolidation on a 10:1 basis and the principal of the Debentures would automatically convert into Common Shares upon completion of the Consolidation at a conversion price of $0.05 per share, resulting in the issuance of 5,000,000 Common Shares, or 7,000,000 Common Shares if the maximum Offering is raised. The Debentures and the Common Shares issuable upon the conversion of the Debentures would be subject to a four month hold period. Should a 10:1 Consolidation not be completed (for example, if the Consolidation is completed at less than a 10:1 basis or if it is not completed at all), the Debentures would not be converted and would be repayable in cash at maturity or in advance with 30 days prior written notice, without penalty.

The Offering and the Consolidation are subject to the approval of the TSX Venture Exchange (the "Exchange"). The Exchange has conditionally approved both the Offering and the Consolidation.

The Offering

The Offering will be completed on a private placement basis pursuant to exemptions from prospectus requirements. There will be no minimum subscription level for the Offering.

The Corporation may pay finder's fees on all or a portion of the private placement to eligible persons seeking subscribers to the financing, all in accordance with applicable securities laws and the policies of the Exchange.

Assuming the maximum offering is completed, 100% of the net proceeds are expected to be used for working capital and towards the funding on future acquisitions. Although the Corporation intends to use the proceeds of the offering as described above, the actual allocation of proceeds may vary from the uses set out above, depending upon future operations, events or opportunities.