PetroTal Expands Board Leadership with Veteran Energy Executive

PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF), a leading oil and gas development company with operations in Peru, has brought on Denisse Abudinen as an independent, non-executive Director, effective immediately. The appointment strengthens the company’s governance structure ahead of its 2025 annual general meeting scheduled for June 19, 2025.

Who Is Denisse Abudinen?

Abudinen brings substantial international experience across the oil and gas, renewable energy, and petrochemical sectors. Currently serving as Vice President of Low Carbon Global Market Development at Methanex Corporation in Vancouver, she has held multiple senior leadership positions globally.

Her professional trajectory includes roles at ENAP (the Chilean National Oil Company), where she progressed through progressively senior positions in exploration and production starting in 2007. She subsequently led ENAP Sipetrol (Egypt) as Chief Executive Officer in Cairo before transitioning into renewable energy development. Earlier in her career, Abudinen worked with McKinsey and Company in Mexico City as a Senior Client Development Advisor covering Latin American markets.

Her educational credentials include a Civil Industrial Engineering degree (2006) and Business degree (2007) from Pontificia Universidad Católica de Chile, complemented by a Master’s in International Management (2012) from King’s College London.

Strategic Significance for PetroTal

Manuel Pablo Zuniga-Pflucker, the company’s President and Chief Executive Officer, welcomed the appointment: “Denisse’s extensive background in global oil and gas operations will be instrumental as we execute our growth and development strategy. Her expertise adds meaningful depth to our Board’s collective experience.”

Abudinen’s appointment reflects PetroTal’s commitment to strengthening its board composition with leaders who have navigated complex energy transitions and international operations. Her experience spanning from exploration to production—across Argentina, Ecuador, Egypt, and Chile—aligns well with PetroTal’s focus on efficiently developing its Peru-based assets.

Annual General Meeting Details

The 2025 AGM will convene on June 19, 2025 at 10:00am MT (16:00 UK time). Shareholders can access the Management Information Circular and Proxy Statement via www.sedarplus.ca and www.petrotalcorp.com, with filing expected by May 9, 2025.

Virtual attendance is available through meetnow.global/MF46HLN, enabling participation from multiple locations.

Board Disclosure Information

Per AIM Rule 17 requirements, Denisse Andrea Abudinen Butto (age 43) has served in the following capacities within the past five years:

Current Roles: Fundación San Augustin Ingenieria Civil, Renewal Consulting Group

Previous Roles: Compañía Latinoamericana Petrolera AS, ENAP Sipetrol Argentina SA, Petroshad

Ms. Abudinen holds no direct or indirect interest in PetroTal’s share capital.

About PetroTal

PetroTal operates as a tri-quoted oil and gas development and production company (TSX: TAL, AIM: PTAL, OTCQX: PTALF) headquartered in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its primary asset being a 100% working interest in the Bretaña Norte oil field located in Block 95. Commercial production commenced in June 2018, and by early 2022, PetroTal had become Peru’s largest crude oil producer. The organization emphasizes safe, cost-effective development while implementing community-sensitive energy production practices that benefit stakeholders across its operational footprint.

For Further Information:

Camilo McAllister, Executive Vice President and Chief Financial Officer Cmcallister@PetroTal-Corp.com | T: (713) 253-4997

Manolo Zuniga, President and Chief Executive Officer Mzuniga@PetroTal-Corp.com | T: (713) 609-9101

Investor Relations: InvestorRelations@PetroTal-Corp.com