Petrolia Energy Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023

Petrolia Energy Corporation is engaged in oil and gas exploration, development, and production. The Company's Slick Unit Dutcher Sand (SUDS) field is located in Creek County, Oklahoma. It is approximately 1,670 acres and the SUDS East unit is approximately 860 acres. Its Twin Lakes San Andres Unit (TLSAU) field is located in Chaves County, New Mexico. The Company has a 25% working interest in approximately 41,526 acres in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada. The Company has a 50% working interest in approximately 28,000 acres located in the Utikuma Lake area in Alberta, Canada. The property is an oil-weighted asset producing a total of approximately 500 Barrels Per Day (bpd) of light oil. The Company's subsidiary, Askarii Resources LLC, is a private Texas-based oil and gas service company.