Permex Unaware of Any Material Change

Rhea-AI Summary

Permex Petroleum Corporation (CSE: OIL) has issued a statement in response to a request from the Canadian Investment Regulatory Organization (CIRO) regarding recent unusual market activity. The company confirms that management is unaware of any material changes in operations that would explain the recent increase in share price and trading volume.

The company states it continues to execute its previously announced business plans and will provide updates on any material developments as required by securities regulations.

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) ("Permex" or the "Company") at the request of the Canadian Investment Regulatory Organization (CIRO), wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in share price and trading activity.

The Company continues to execute on its previously announced business plans and will keep the market informed of any material developments as required under applicable securities laws.

About Permex Petroleum Corporation

Permex Petroleum (CSE: OIL) (FSE: 75P) is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with identifying Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum U.S. Corporation, is a licensed operator in both Texas and New Mexico, and owns and operates on private, state and federal land. For more information, please visit www.permexpetroleum.com.

Contact Information

Permex Petroleum Corporation
Brad Taillon
President & Chief Executive Officer
(713) 730-7500

Renmark Financial Communications USA Inc.
Henri Perron, CPIR:
hperron@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256549

FAQ

Why did Permex Petroleum (OILCF) issue a statement on June 23, 2025?

Permex issued the statement at CIRO's request to confirm there are no material changes in operations that would explain recent increases in share price and trading activity.

What caused the recent increase in Permex Petroleum's stock price?

According to the company's statement, management is unaware of any material changes in operations that would account for the recent stock price and trading volume increases.

Is Permex Petroleum (OILCF) making any changes to its business plans?

No, the company stated it continues to execute on its previously announced business plans with no material changes.

How will Permex Petroleum communicate future material changes to investors?

The company will keep the market informed of any material developments as required under applicable securities laws.