Decklar Resources Inc. and its co-venturer Millenium Oil & Gas Company Limited announced that the final approval required to commence exports through the Trans Niger Pipeline ("TNP") to the Bonny Export Terminal has been received. The granting of approval for the re-certified fiscal metering unit allows access and injection of production from the Oza Oil Field into the TNP for transport to and export from the Bonny Export Terminal. Decklar and Millenium have commenced export of crude oil production from the Oza Oil field.

The initial production rates have been averaging 750 barrels of oil per day ("bopd"). As previously announced, Decklar and Millenium obtained the necessary permits required to sell and export crude oil from the Oza Oil Field and have now received approval for the re-certification of fiscal metering equipment required from Nigerian government agencies to allow for access and production into the TNP. Millenium, as operator of the Oza Oil Field, has signed a Crude Handling and Terminaling Agreement ("CHTA") with the Shell Petroleum Development Company of Nigeria Limited ("SPDC") whereby crude oil produced at the Oza Oil Field will be delivered through the TNP to the SPDC Bonny Export Terminal.

Oil currently held in storage tanks at the Oza Oil field will also be injected into the TNP, and arrangements are being finalized to have the approximately 8,000 bbls previously delivered to Umugini Pipeline Infrastructure Limited ("UPIL") and held in storage at the Forcados export terminal farm lifted and sold. The TNP flows into the SPDC-operated Bonny Export Terminal and had been shut down for over one year due to damage, vandalism and high line losses. The TNP was reopened in April 2023, with efforts and support from the Nigerian government credited to a great degree for the resumption of operations.

The restoration of the Trans Niger Pipeline connection between the Oza Oil Field and the export terminal is a significant positive event for Decklar, and the reopening of the pipeline system will enable Decklar and Millenium to deliver higher volumes of crude oil to market, with initial injection of production volumes into the pipeline expected to be approximately 750 bopd. A steady flow of crude to market will help to get Decklar into a stronger position where the Company can actively pursue increasing production volumes from Oza and resumption of additional field development drilling plans.