ReconAfrica Announces Filing of Prospectus Supplement for Upsized Bought-Deal Public Offering of C$19 Million

Calgary, Alberta--(Newsfile Corp. - September 4, 2026) - Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) (NSX: REC) (the "Company" or "ReconAfrica") is pleased to announce that on September 3, 2026, in connection with its previously announced upsized bought-deal public offering of units (as described in the Company's news releases dated September 1, 2026 and September 2, 2026), it filed a prospectus supplement dated September 3, 2026 (the "Prospectus Supplement") to the Company's final short form base shelf prospectus dated April 13, 2026 (the "Base Shelf Prospectus", and together with Prospectus Supplement, the "Prospectus") with the securities commissions in each of the provinces and territories in Canada. Delivery of the Prospectus and any amendment thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable securities legislation. The Prospectus is accessible under the Company's issuer profile on SEDAR+ ( www.sedarplus.ca ). An electronic or paper copy of the Prospectus and any amendment may be obtained, without charge, from Research Capital Corporation ("Research") by email at [email protected] by providing Research with an email address or address, as applicable. About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences and access to ~13 million contiguous acres. The Company also operates the Ngulu block in the shallow waters offshore central Gabon covering 1,214 Km2 (equivalent to 54 Gulf of Mexico blocks) which is strategically located near producing oil fields and infrastructure. The Ngulu block includes the Loba oil field discovery and a large inventory of high impact prospects in the pre-salt and post- salt plays. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Brian Reinsborough, President & Chief Executive Officer Mark Friesen, Vice President, Investor Relations & Capital Markets IR Inquiries Email: [email protected] Media Inquiries Email: [email protected] Tel: +1-877-631-1160 Cautionary Note Regarding Forward-Looking Statements: Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations. This news release contains forward-looking statements and/or forward-looking information (collectively, "forward-looking statements") that are based on ReconAfrica's current expectations, estimates, forecasts, and projections. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements and include statements regarding management's expectation anticipated production timeline; management's exploration and development plans; and all other expectations, intentions, and plans that are not historical fact. Forward ‐ looking statements are based on a number of material factors, expectations, or assumptions of ReconAfrica which have been used to develop such statements and information, but which may prove to be incorrect. Although ReconAfrica believes that the expectations reflected in such forward ‐ looking statements are reasonable, undue reliance should not be placed on forward ‐ looking statements because ReconAfrica can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: that ReconAfrica will continue to conduct its operations in a manner consistent with past operations; the quality of the reservoirs in which ReconAfrica operates; the timely development of infrastructure in areas of new production; certain cost assumptions; continued availability of equity financing to fund ReconAfrica's current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which ReconAfrica operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of ReconAfrica to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental m