Updates from the Goura Group.

Goura Oil Limited is pleased to announce the commencement of exploration activities within the Wadi Dib Concession Area, Gulf of Suez, Egypt. The exploration programme is being undertaken through the Group's affiliated operating company, Phoenix Geo Services, the designated operator of the concession, under the strategic oversight of Goura Oil Limited.

The initial phase of the programme includes:

• Geological interpretation
• Geophysical studies
• Seismic data evaluation and reprocessing
• Prospect identification and ranking
• Procurement
• Exploration planning

These activities are designed to evaluate and mature the concession's hydrocarbon potential through a structured, data-driven exploration programme integrating geological, geophysical and technical analyses.

The Wadi Dib project represents a significant milestone in Goura's continued development as an upstream-focused energy group. It reflects the Group's commitment to disciplined technical evaluation, responsible resource development and recognised international industry practices in support of Egypt's energy sector.

As the programme advances, Goura intends to provide updates on key technical milestones, exploration activities and material developments.

The global energy industry continues to evolve against a backdrop of geopolitical change, shifting energy policies, technological advancement and changing patterns of investment.

While the transition towards lower-carbon energy systems is reshaping the industry, oil and natural gas remain important to global energy security and economic development.

History has shown that periods of market uncertainty can create opportunities for organisations that combine financial discipline, technical expertise and a long-term investment perspective. Sustainable success in the energy sector is rarely driven by commodity prices alone; it is built on the quality of decisions, the strength of partnerships and the ability to recognise and develop value where others may not.

Egypt continues to represent an important upstream investment environment within the Eastern Mediterranean and North Africa. Supported by an established petroleum sector, experienced regulatory institutions and significant geological potential, the country offers opportunities for responsible exploration and long-term resource development.

Mature producing basins such as the Gulf of Suez continue to demonstrate that modern geological interpretation, improved reservoir understanding and disciplined technical evaluation can contribute to unlocking additional value from established petroleum provinces.

At Goura Oil Limited, we have always believed that successful exploration begins long before drilling. It begins with disciplined evaluation, rigorous technical analysis, prudent commercial judgement and a willingness to invest patiently in opportunities with sustainable long-term potential.

Our current activities within the Wadi Dib Concession Area reflect this philosophy. Through our affiliated operating company, Phoenix Geo Services, we are applying technical expertise and structured exploration programmes to evaluate the concession responsibly while maintaining strong standards of operational discipline, environmental stewardship and corporate governance.

The energy industry has always rewarded organisations that remain adaptable without compromising their principles. At Goura, our strategy continues to be guided by disciplined investment, responsible operations, strategic partnerships and a long-term commitment to value creation.

On behalf of the Company, I extend my sincere appreciation to our shareholders, business partners, employees, government authorities and the many organisations that continue to place their confidence in Goura Oil Limited.

We look forward to strengthening these relationships as we continue our journey of responsible growth and long-term value creation.