NOT FOR DISSEMINATION TO THE GENERAL PUBLIC This document is a presentation (the “Presentation”) concerning certain general background information about the activities undertaken by BGX – Black Gold Exploration Corp., known as “BGX” or “Black Gold” (the “Company”) current as of April 15, 2025, unless stated otherwise. It is information in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. This Presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. Recipients of this Presentation who are considering acquiring securities of the Company are reminded that any such purchase or subscription must not be made on the basis of the information contained in this Presentation but are referred to the entire body of publicly disclosed information regarding the Company, the entirety of any agreements, term sheets and other disclosure which is provided in connection with any such acquisition of securities, and any other information being furnished to the investor. Any such offer to sell or solicitation of an offer to buy securities described herein will be made only pursuant to subscription documentation among the company, designated registrants and the perspective purchasers. Each prospective purchaser of securities is reminded that the Company is a corporate entity situated in the Province of British Columbia, a jurisdiction that may have substantially different laws applicable to them than laws in the prospective investor’s own jurisdiction. Significant risk factors including those listed under the heading Forward-Looking Information and many more may affect the Company and its operations. As such, each acquisition of securities contains an inherently high degree of risk and the prospective purchaser should be ready to bear the loss of their entire investment. This presentation has not been approved by or disapproved by any securities commission or regulatory authority in Canada, the United States, or any other jurisdiction. In addition, these risks, uncertainties, assumptions and other factors could cause the Company’s actual results, performances, achievements and experience to differ materially from the Company’s expectations, future results, performances or achievements expressed or implied by the forward-looking statements. The forward-looking statements contained herein are presented for the purpose of assisting readers in understanding the Company’s expected financial and operating performance and the Company’s plans and objectives, and may not be appropriate for other purposes. You should read this information with the understanding that the Company’s actual future results may be materially different from what it expects. These forward-looking statements are expressly qualified in their entirety by this cautionary statement. The Company disclaims any obligation to update forward-looking statements, except as required by law. The information contained in this Presentation is derived solely from management of the Company and otherwise publicly available information concerning the Company and does not purport to be all-inclusive or to contain all the information that an investor may desire to have in evaluating whether or not to make an investment in the Company. The information has not been independently verified and is subject to material updating, revision and further amendment, and is qualified entirely by reference to the Company’s publicly disclosed information and/or any other legal disclosure document(s). No representation or warranty, express or implied, is made or given by or on behalf of the Company, or any of its affiliates, directors, officers or employees as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. The Company does not undertake or agree to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent. No person has been authorized to give any information or make any representations and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The information and opinions contained in this Presentation are provided as at the date of this Presentation. The contents of this Presentation are not to be construed as legal, financial or tax advice. Each prospective investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. Forward-Looking Information : This Presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws and (“forward-looking statements”). Forward-looking statements in this Presentation include, but are not limited to, statements with respect to: the Company’s business plan and strategy, development and commercialization plans and objectives, the Company’s targeting of the Illinois Basin, the commencement of production at the Fritz Well, the Company’s intended use of proceeds, the potential re-rating of the Company, expected increases in cash flows and liquidity, the Company’s growth and growth strategy, changes in oil and gas extraction techniques, the extent of recoverable reserves in the Illinois Basin, the existence of future significant pay zones and offset wells, the future development of wells and offset wells, the completion of the Company’s environmental impact study on its El Carmen oil and gas project, future exploration on the El Carmen property and in the San Jorge Basin, the impact of President Trump’s pro-oil agenda, the impact of the United State’s “America First” policies and regulations, the impact of tariffs, the current market volatility’s effect on discount opportunities, changes in the Company’s fundamental value, business performance, prospects and opportunities available to the Company, values and other economic indicators and estimations. Often but not always, forward-looking statements can be identified by the use of words such as “anticipate”, “outlook”, “envisage”, “believe”, “expect”, “project”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “might”, “target”, “plan” and other similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are based on certain material assumptions and analysis made by the Company, and the opinions and estimates of management as of the date such statements are made and they represent management’s best judgment based on facts and assumptions that management considers reasonable in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. The material assumptions upon which forward-looking statements in this Presentation are based include, among others, assumptions with respect to: commercialization, the commencement of commercial production on the Fritz Well, growth plans and cash flows; the demand for the Company’s services and products; future demand and trends in industries in which the Company may participate; the Company’s ability to achieve expected synergies, cost savings and revenue; the Company’s ability to access financing on favorable terms from time to time; the Company’s ability to protect its intellectual property rights and that the Company will not infringe upon the intellectual property rights of others; the Company’s ability to source products and materials at a reasonable cost; the Company’s ability to attract and retain customers; the continuation of executive and operating management or the non-disruptive replacement of them on competitive terms; the regulatory environment in which the Company operation; and stable market and general economic conditions; however, this data is inherently imprecise. The Company makes no representation that reasonable businesspeople in possession of the same information would reach the same conclusions. Although the Company believes that the assumptions underlying forward-looking statements are reasonable, they may prove to be incorrect and the Company cannot assure that actual results will be consistent with such statements. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements or the information contained in such statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including the Company’s potential requirement for additional funding to develop its business and its ability to acquire such funding on commercially acceptable terms; and risks relating to the following: liabilities associated with acquired companies or assets; failure to achieve expected synergies, cost savings, sales, revenue and / or EBITDA; the Company’s failure to economically commence production on its oil and gas properties; failure to protect the Company’s intellectual property rights; changes to the regulatory environment in which the Company operate and/or may operate; litigation or regulatory action; the ability of the Company to obtain appropriate insurance on commercially reasonable terms; the ability of the Company to maintain all licenses and permits necessary for the Company to carry out its businesses; delays or other problems in sourcing products; the Company’s inability to maintain or improve its competitive position; future demand and trends in sales failing to meet the Company’s expectations; the Company’s failure to retain key personnel and hire additional personnel needed to develop its business; the Company’s failure to adequately evaluate its current business and future prospects; foreign conversion rates; changes to applicable laws of any jurisdiction in which the Company’s operate or proposes to operate; the economic uncertainty surrounding the tariffs that may be imposed or removed by the United States government; the volatility of the price of and demand for oil as a result of government policy; increases in the cost of materials, machinery or products necessary for the intended development and commercialization of the Company’s oil and gas assets as a result of tariffs; the failure to commence production at the Fritz Well, or the inability to profitably produce oil at the Fritz Well; and the Company’s business practice reputation being negatively affected by customer or user complaints or negative publicity. These risks, uncertainties, assumptions and other factors could cause the Company’s actual results, performances, achievements and experience to differ materially from the Company’s expectations, future results, performances or achievements expressed or implied by the forward-looking statements. The forward-looking statements contained herein are presented for the purpose of assisting readers in understanding the Company’s expected financial and operating performance and the Company’s plans and objectives, and may not be appropriate for other purposes. You should read this information with the understanding that the Company’s actual future results may be materially different from what it expects. These forward-looking statements are expressly qualified in their entirety by this cautionary statement. The Company disclaims any obligation to update forward-looking statements, except as required by law. Statutory Rights Of Action : This Presentation may be considered an offering memorandum thereby granting the potential purchasers statutory rights and contractual rights of action. Securities legislation in certain provinces of Canada may provide a purchaser with remedies for rescission or damages if an offering memorandum (including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser’s province. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser’s province or territory for particulars of these rights or consult with a legal advisor. Additional Cautionary Language : This Presentation is strictly confidential and may not be reproduced, further distributed or published in whole or in part by any other person. Neither this Presentation nor any copy of it may be taken or transmitted into or distributed in any other jurisdiction which prohibits the same except in compliance with applicable laws. Any failure to comply with this restriction may constitute a violation of applicable securities law. Recipients are required to inform themselves of, and comply with, all such restrictions or prohibitions and the Company do not accept liability to any person in relation thereto. The information contained in this Presentation does not purport to be all-inclusive or to contain all information that prospective investors may require. Prospective investors are encouraged to conduct their own analysis and reviews of the Company and of the information contained in this Presentation. The Company currently operates in a highly competitive and highly regulated market landscape. There can be no guarantee that the Company will achieve any of its intended targets. An investor is not entitled to rely on parts of the information contained in this Presentation. The Company has not authorized anyone to provide investors with additional or different information. If anyone provides an investor with additional or different or inconsistent information, including statements in media articles about the Company, the investor should not rely on it. This document may only be used where it is legal to sell the securities proposed to be sold by the Company. Market and Industry Data : Market data and industry forecasts contained in this Presentation have been obtained from industry publications, various publicly available sources or subscription-based reports as well as from management’s good faith estimates, which are derived from management’s knowledge of the industry and independent sources that management believes to be reliable. Industry publications, surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable. The Company has not independently verified any of the information from third-party sources nor has it ascertained the validity or accuracy of the underlying economic assumptions relied upon therein. The Company hereby disclaims any responsibility or liability whatsoever in respect of any third-party sources of market and industry data or information.