Kolibri Global Energy Inc. Update on Shareholder Resolution

Kolibri Global Energy Inc. (TSX: KEI, NASDAQ: KGEI) has provided an update regarding a shareholder requisition to cap the number of authorized common shares at 37,367,894. The company's board of directors unanimously opposes the resolution, stating it would be detrimental to shareholders and the company's interests. The board highlighted several reasons, including the restriction on the company's flexibility, potential negative market interpretation, and unnecessary costs and delays. Shareholders are encouraged to vote against the resolution by November 21, 2025. The company has made the information circular and related materials available electronically due to a Canada Post labor action.