Torrent Gold Inc. & Global Oil & Gas Recovery Corp. Sign a Non-Binding LeƩer of Intent

Torrent Gold Inc. & Global Oil & Gas Recovery Corp. Sign a Non-Binding Le�er of Intent

Vancouver, Bri�sh Columbia (March 27, 2025) - Torrent Gold Inc. (CSE: TGLD) (FSE: RV0) (the “Company”) is pleased to announce it has signed a non-binding le�er of intent (“LOI”) to inves�gate poten�al business opportuni�es with Global Oil & Gas Recovery Corp. (“Global”), a private company focused on the acquisi�on and development of legacy and undervalued conven�onal oil fields. The LOI outlines the terms that Global and the Company will nego�ate a defini�ve agreement (“Defini�ve Agreement”) to inves�gate new business opportuni�es together. The par�es agree that the Company may seek an op�on to acquire an interest in Global common shares, assets, technology and future projects (up to 100%) to be described and set forth in the Defini�ve Agreement. The par�es intend, subject to the provisions of the LOI, to work towards the execu�on of the Defini�ve Agreement reflec�ng their understanding of a new business plan with respect to the possible combina�on of business interests of the par�es. As part of the Defini�ve Agreement, Mr. Richard Cindric, CEO of Global, is expected to join the Company board of directors.

Daniel Kunz, Chairman of the Company stated: “For the past six years in a row, the United States produced more crude oil than any na�on at any �me, according to Interna�onal Energy Sta�s�cs. Given the emphasis on US crude oil produc�on, the upward dri� in crude oil prices, and rising natural gas prices, this transac�on, as a supplement to the Company’s current por�olio of gold explora�on assets, can provide an excellent opportunity for the Company’s shareholders to par�cipate in oil and gas assets with important upside poten�al.”

Terms of the business plan, transac�on and related financing commitments will be provided in further news releases if and when the par�es enter into a Defini�ve Agreement. The proposed transac�on contemplates other material condi�ons precedent to the closing of any transac�on, including compliance with all applicable regulatory requirements.

About Global Oil & Gas Recovery Corp.

Global’s primary focus is to implement enhanced oil recovery (“EOR”) techniques to exis�ng abandoned wells, maturing oil fields, and previously thought to be exhausted reserves. Ini�ally focusing in the states of Kansas, Oklahoma and Texas, EOR systems can be deployed in any jurisdic�on as long as the prescribed condi�ons for EOR are met. Restoring to produc�on formerly producing oil and gas wells can build underlying reserve value and cash flow opportuni�es.

Gas Flaring Solu�on

Global is currently funding the further development of a mobile refining unit (“MRU”). The MRU provides a poten�al solu�on to gas flaring for oil and gas companies who flare more than $10.6 billion in natural resources every year. The MRU technology is designed to address flaring, ven�ng and leaking abandoned wells by capturing wasted methane gas and conver�ng it into a usable fuel. This technology is currently in its final development stages and could be ready for produc�on in late 2025. Global has the exclusive right to sell the MRUs in Kansas, Oklahoma, Colorado and California. To learn more visit: h�ps://globaloilandgasrecovery.com/gas-flaring-solu�on.

Addi�onally, Global has iden�fied an ini�al por�olio of oil and gas field assets in Kansas, Oklahoma and Texas. The por�olio includes producing oil fields with associated proven reserves that are expected to be posi�ve cash flow at current oil prices. Addi�onal informa�on will be provided concerning the assets a�er the Company has completed its due diligence.

About Torrent Gold Inc.

Torrent Gold is a mineral explora�on company acquiring and exploring mineral proper�es during the current resource commodity cycle. Torrent holds two gold explora�on proper�es in the Great Basin. The Company has a Boise, Idaho based technical team that is well posi�oned to conduct explora�on in Idaho, Nevada, and Utah.

For further informa�on, please contact:

Torrent Gold Inc.

Daniel Kunz, Chairman T: (208) 761-7450 E: [email protected]

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Completion of the transaction is subject to several conditions, including but not limited to, the acceptance of the CSE. There can be no assurance that the transaction will be completed as proposed or at all.

Forward Looking Information

This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the perceived merit of the transaction, the terms and conditions of the proposed transaction, potential quantity and/or grade of oil, the potential size of the resources, the completion of a concurrent financing and satisfaction of any obligations thereunder, the requisite approvals with respect to the transaction being obtained. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of oil and gas; the accuracy of resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to the ongoing war in the Ukraine, delays in or failure to receive access agreements or amended permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company’s objectives and strategies, including costs and expenses, as well as those risk factors discussed in the Company’s most recently filed management’s discussion and analysis, available on www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.