(MENAFN- Newsfile Corp) Calgary, Alberta--(Newsfile Corp. - November 10, 2025) - Tuktu Resources Ltd. (TSXV: TUK) (" Tuktu " or the " Company "), a junior oil and gas producer based in Calgary, Alberta, announces that it has scheduled a special meeting (the " Meeting ") of the Company's shareholders in response to a requisition from certain shareholders who purport to hold approximately 31% of the Company's outstanding Common Shares, as noted in Tuktu's press release dated October 23, 2025. The Company's Board of Directors (the "Board") has convened the Meeting in keeping with its commitment to good governance.

The Board does not support the proposed actions by the requisitioning shareholders.

The Board appreciates the continued engagement of Tuktu shareholders and expresses confidence in the Company's strategic direction under the oversight of the current Board and the leadership of its recently appointed Chief Executive Officer, Mr. Jeremy Hodder. Mr. Hodder is conducting a comprehensive strategic review of Tuktu's oil and gas assets and operations. He, together with Tuktu's newly constituted technical team under his leadership, are focused on enhancing Tuktu's underperforming assets and significantly improving the operational excellence and the direction thereof. The Board expresses confidence in the Company's new strategic direction and looks forward to constructive dialogue with all shareholders as it advances its plans to create long-term value.

The Meeting is scheduled to take place on Thursday, January 15, 2026, at a time and location to be determined. The record date for determining shareholders entitled to notice of the Meeting and to vote at the Meeting is set as December 1, 2025.

Tuktu will provide further details in a management information circular and related meeting materials, which will be mailed to shareholders and posted on the Company's website and its SEDAR+ profile ( ), as required by applicable law.

This news release is not intended to, and does not, constitute a solicitation of proxies in relation to the Meeting. Any solicitation of proxies, by or on behalf of management of Tuktu in relation to the Meeting will take place upon and following the dissemination of the management information circular and other meeting materials in accordance with applicable law.

Tuktu Resources Ltd.
1750, 444 - 5th Avenue S.W.
Calgary, Alberta T2P 2T8

Attention:

Jeremy Hodder, President & Chief Executive Officer (phone: 403-540-6502) Mark Smith, Chief Financial Officer and VP, Finance (phone: 403-613-9661)

Forward-Looking Statements

This news release contains "forward-looking statements" and "forward-looking information" (collectively, " forward - looking statements ") within the meaning of applicable securities laws. Forward-looking statements are often, but not always, identified by words such as "intend", "believe", "estimate", "expect", "may", "will", and similar expressions (including negative and grammatical variations). Forward-looking statements in this news release include statements regarding, among other things: Tuktu's business, strategy, goals, objectives, operations and plans; the Company's strategic vision; expectations in respect of the Company's strategic review of Tuktu's oil and gas assets and operations; the ability of Mr. Hodder and the Company's newly constituted technical team to significantly improve the operational excellence and direction of the Company's assets; the new strategic direction of the Company; the Company's approach to shareholder value creation; statements regarding the Meeting, including timing and format thereof; and the dissemination of a management information circular in respect of the Meeting, including timing thereof. Although Tuktu believes the expectations reflected in such forward-looking statements are reasonable based on information currently available and the experience of its officers and directors, undue reliance should not be placed on them because Tuktu can give no assurance they will prove to be correct. Forward-looking statements reflect the Company's current views and are subject to risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied, including, without limitation: potential delays or changes in scheduling, fixing the record date for, or holding the Meeting; changes to the Meeting's date, time, location or format; challenges to, or changes in, the validity of the requisition or record date; court, regulatory or stock exchange requirements; printing, mailing or delivery delays; the actions of the requisitioning shareholders or other stakeholders; potential litigation; competitive factors; supply and demand dynamics in the oil and gas industry; stock market and financial system volatility; fluctuations in currency and interest rates; inflation; risks of war, hostilities, civil unrest, pandemics, and political or economic instability and their effects on commodity prices and the energy industry; determinations by the Organization of Petroleum Exporting Countries and other countries regarding production levels and the risk of an extended period of low oil and natural gas prices; the imposition or expansion of tariffs or other restrictive trade measures and any retaliatory countermeasures; changes in laws and regulations (including environmental, regulatory and taxation) and how such changes may be interpreted and applied to the Company; availability and adequacy of insurance; difficulties in obtaining or maintaining necessary regulatory approvals; and general economic, business, operational and logistical conditions. Tuktu has made assumptions in preparing these forward-looking statements, including, among others: the timely preparation, approval, printing, mailing and posting of Meeting materials; the accuracy of shareholder records; the applicability and interpretation of securities laws and stock exchange policies; availability of required third-party services; and the Company's ability to execute its operational plans within expected timelines and budgets. The impact of any one assumption, risk, uncertainty or other factor on forward-looking statements cannot be determined with certainty, as these are interdependent and Tuktu's future course of action depends on assessing all information available at the relevant time. For additional risk factors relating to Tuktu, please refer to the Company's annual information form for the year ended December 31, 2024, and its most recent management's discussion and analysis, each available under the Company's profile on SEDAR+ at . Forward-looking statements in this news release are made as of the date hereof, and the Company does not undertake any obligation to update or revise them to reflect new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit

SOURCE: Tuktu Resources Ltd.

MENAFN10112025004218003983ID1110323961