Kolibri Global Energy Inc. Provides Update Regarding Information Circular Disclosure

Kolibri Global Energy Inc. (the “Company” or “Kolibri“) (TSX: KEI, NASDAQ: KGEI) wishes to provide an update to certain information contained in the management information circular and related materials (the “Circular”) filed on October 15, 2025 in connection with a special meeting of shareholders (the “Meeting”) called by the Company in response to a shareholder requisition made on behalf of TFG Asset Management UK LLP, the purpose of which is to vote on altering the Notice of Articles of the Company to cap the number of common shares of the Company (“Shares”) that the Company is authorized to issue at 37,367,894 (the “Proposed Resolution”).

The Circular stated that all of the officers and directors of the Company opposed the Proposed Resolution and also agreed to vote, or cause to be voted, all of the Shares held or controlled by them against the Proposed Resolution, representing, in aggregate, approximately 17.35% of the Company’s outstanding Shares. After the Circular had been approved by all of the directors, and the Circular had been delivered, David Neuhauser, a director of the Company, confirmed to the Company that he is undecided as to how he will vote or cause to be voted the Shares he owns or exercises control or direction over. As a result, the number of Shares which are currently agreed to be voted by officers and directors of the Company at this time represents approximately 1.32% of the issued and outstanding Shares.

If Mr. Neuhauser advises the Company of his decision with respect to his voting intentions in the future, the Company will update shareholders by way of a subsequent news release. Mr. Neuhauser remains opposed to the Proposed Resolution in his capacity as a director.

Board Recommends AGAINST

Kolibri’s board of directors (the “Board”) has carefully reviewed the Proposed Resolution and unanimously determined that its adoption would be detrimental to shareholders and not in the best interests of the Company.

Management and the Board unanimously recommend that shareholders VOTE AGAINST the Proposed Resolution.

The Proposed Resolution Will Negatively Impact Kolibri’s Shareholder Value

Kolibri’s shareholders should be fully informed and understand why the Proposed Resolution will negatively impact the value of their investment. In reaching its conclusion that the Proposed Resolution is not in the best interests of the Company, the Board considered several factors, including the following: