Sonoro Energy Announces Debt Conversion and Settlement

(TheNewswire)

April 29, 2025 - Calgary, Alberta – TheNewswire - SonoroEnergy Ltd (the “Corporation “ or “Sonoro”) (TSX Venture: SNV)is pleased to announce that it has reached an agreement with EzekielEnergy Ltd. (the “Creditor”) to convert approximately $250,000 ofdebt consisting of a loan and accrued interest into common shares ofthe Corporation ("Shares") at a price of $0.06 per Share(the "Debt Conversion"). The 4,166,667 Shares to be issuedpursuant to the Debt Conversion will be subject to a hold periodexpiring four months and one day after the date of issuance. Followingthe issuance of the Shares, the Creditor will hold 4,166,667 Shares,or approximately 1.78% of the total issued and outstandingShares.

Further, the Creditor has agreed to forgive the balanceof the amounts due from the Corporation (the "DebtSettlement" and, collectively with the Debt Conversion, the"Transactions"). Pursuant to the terms of the DebtSettlement, the Creditor will forgive an aggregate of approximately$1,250,000.

The Transactions are designed to improve the financialcondition of the Corporation. The Corporation has insufficient cash onhand, and no immediate source of cash that would be sufficient tosatisfy the debts described above. No new "Control Person"(as defined under the applicable policies of the TSX Venture Exchange)will be created pursuant to the Transactions. The board of directorsof the Corporation considers the terms of the Transactions to be fairand reasonable to the Corporation having regard to its currentcircumstances. The TSXV has reviewed the transaction and will need toprovide final approval of as per policy requirements.

Forward-looking Statements

Certain information in this news release constitutesforward-looking statements under applicable securities laws. Anystatements that are contained in this news release that are notstatements of historical fact may be deemed to be forward-lookingstatements. Forward-looking statements are often identified by termssuch as “may,” “should,” “anticipate,” “expects,”“estimates,” “seeks” and similar expressions. In particular,without limiting the generality of the foregoing, this news releasecontains forward-looking information, including and withoutlimitation, statements regarding the timing for and expectedcompletion of the Transactions, statements regarding the financialcondition of the Corporation, spending commitments, and regulatoryapprovals (including approvals of the TSXV).

Forward-looking statements necessarily involve knownand unknown risks, including, without limitation, risks associatedwith oil and gas exploration, development, exploitation, production,marketing and transportation, loss of markets, volatility of commodityprices, currency fluctuations, imprecision of reserve estimates,environmental risks, competition from other producers, inability toretain drilling rigs and other services, delays resulting from orinability to obtain required regulatory approvals, changes inlegislation including but not limited to income tax, environmentallaws and regulatory matters, and ability to access sufficient capitalfrom internal and external sources. Readers are cautioned that theforegoing list of factors is not exhaustive.

Readers are cautioned not to place undue reliance onforward-looking statements as there can be no assurance that theplans, intentions or expectations upon which they are placed willoccur. Such information, although considered reasonable by managementat the time of preparation, may prove to be incorrect and actualresults may differ materially from those anticipated. Forward-lookingstatements contained in this news release are expressly qualified bythis cautionary statement.

Additional information on these and other factors thatcould affect Sonoro’s operations or financial results are includedin Sonoro’s reports on file with Canadian securities regulatoryauthorities and may be accessed through the SEDAR+ website(www.sedarplus.ca) or by contacting Sonoro. The forward lookingstatements contained in this news release are made as of the date ofthis news release and Sonoro does not undertake any obligation toupdate publicly or to revise any of the included forward-lookingstatements, whether as a result of new information, future events orotherwise, except as expressly required by securities law.

Neither the TSX Venture Exchange nor its RegulationService Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

For further information, please contact the companyat:

On behalf of the Board of Directors

of Sonoro Energy Ltd.

Dean Callaway, CFO and Director

info@sonoroenergy.com

+1.403.262.3252

www.sonoroenergy.com

This press releaseis not to be disseminated in the United States

Copyright (c) 2025 TheNewswire - All rights reserved.