Trio Petroleum Corp Enters into Asset Purchase Agreement with Capital Land Services Ltd

Trio Petroleum Corp, a Delaware corporation, has entered into an Asset Purchase Agreement (APA) with its wholly owned subsidiary, Trio Petroleum Canada, Corp., and Capital Land Services Ltd. The agreement, effective as of August 20, 2025, involves the acquisition of certain assets related to Capital Land Services Ltd's oil and gas business. The assets include contracts, permits, mineral leases, and registrations for working interests in petroleum and natural gas and mineral rights located in the County of Vermilion of River, Alberta, Canada. The total purchase price consists of CD$150,000 in cash and the issuance of restricted shares of Trio Petroleum Corp's common stock valued at CD$150,000. The closing of the transaction is subject to the fulfillment of certain conditions, including the successful completion of a related transaction involving Revitalize Energy Inc. and the receipt of necessary governmental approvals. The APA includes customary representations, warranties, covenants, and indemnifications by the parties involved.