TRIO PETROLEUM CORP ANNOUNCES STRATEGIC EXPANSION INITIATIVE FOLLOWING SUCCESSFUL CAPITAL RAISE AND ENCOURAGES STOCKHOLDER SUPPORT AT MAY 21ST ANNUAL MEETING

Malibu, California, May 11, 2026 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (“Trio” or the “Company”) today announced that it has strengthened its financial position through recent capital raises totaling approximately $24 million via its At-The-Market (“ATM”) equity program. With a substantially improved balance sheet and capital available for deployment, Trio has entered what management believes is a transformational phase focused on growth through strategic acquisitions.