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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 25, 2021 (GLOBE NEWSWIRE) — Decklar Resources Inc. (DKL-TSX Venture) (the “Company” or “Decklar”) is admiring to advertise that it has completed a aboriginal closing of the Company’s ahead appear assemblage alms for absolute gross gain of about CAD $10,000,000. Funds from this costs will be acclimated to accompany new oil and gas development opportunities in Nigeria and for accepted accumulated purposes. The Aggregation is additionally admiring to advertise that affairs and antecedent operations at the Oza-1 wellsite at the Oza Oil Acreage in Nigeria through the Company’s wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited, are steadily advancing. An antecedent wireline analysis on the absolute Oza-1 wellbore in alertness for the accession of the conduct rig has been completed. The rig affected and all associated basement has been mobilized, set up and is absolutely operational, and the absolute above apparatus of the conduct rig will be mobilized this week. Decklar additionally continues to beforehand discussions on assorted opportunities to potentially defended added acreage interests. Aboriginal Closing of Assemblage Alms As ahead announced, the Aggregation proposed to complete a non-brokered costs to accession gross gain of up to CAD $15,000,000 by way of a assemblage alms (the “Offering”) at a amount of $1.00 per assemblage (a “Unit”), with anniversary Assemblage consisting of one accepted allotment of Decklar (a “Common Share”) and one-half accepted allotment acquirement accreditation (each accomplished warrant, a “Warrant”). Anniversary Accreditation entitles the holder thereof to access one Accepted Allotment at an exercise amount of $1.50 per Accepted Allotment for a aeon of 12 months from the closing date of the Offering. The aboriginal closing of the Alms has been completed for absolute gross gain of CAD $10,075,000 in account of subscriptions for 10,075,000 Units, with net gain to the aggregation accretion CAD $9,404,700. An accumulated of 280,000 Warrants were issued to assertive arm’s breadth finders as a finders’ fee in accordance with the behavior of the TSX Venture Exchange. Decklar affianced Echelon Wealth Partners Inc. as cardinal banking adviser in affiliation with the Offering. The Aggregation has accustomed an addendum from the TSX Venture Exchange to complete the absolute about $4,925,000 beneath the Alms above-mentioned to June 28, 2021. For added information: Duncan T. BlountChief Executive Officer Telephone: 1 305 890 6516Email: dblount@decklarresources.com David HalpinVP Finance, Decklar Petroleum Telephone: 1 403 816 3029Email:davidhalpin@decklarpetroleum.com Investor Relations: info@decklarresources.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the
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