Oregen Energy Corp Appoints Interim CEO Amidst CEO Departure

Vancouver, British Columbia — August 5, 2026 — Leads & Copy — Oregen Energy Corp. announced that Mason Granger has stepped down as Chief Executive Officer and from its Board of Directors, effective July 31, 2026, to pursue other opportunities. The board and the company expressed gratitude for Mr. Granger's vision and leadership in building Oregen and wished him success in his future endeavors. Concurrently, Kevin Shrimpton has been appointed as Interim Chief Executive Officer and a director, effective August 1, 2026. This appointment is subject to customary exchange approval and regulatory requirements.

David French, Director, commented on behalf of the Board, stating, “We are grateful to Mason for his dedication to advancing the Oregen business and shepherding the Company through its formative years. His conviction in the Orange Basin opportunity created something genuinely valuable, and we wish him well in what comes next. We are equally excited to welcome Kevin in the interim CEO role. His deep knowledge of the African and Middle East energy landscape, built through years of business development at TGS and PGS, makes him ideally suited to advance Oregen’s partner engagement and farm-out strategy at this pivotal moment.”

Mr. Shrimpton commented, “Oregen holds a genuinely exceptional position in one of the world’s most active frontier basins. Having spent years working with operators and data consumers across Africa and the Middle East, I have seen first-hand how the Orange Basin has captured the attention of major E&P companies globally. I look forward to working with the board and the team to maintain momentum, advance our data room and farm-out process, and deliver outcomes that create lasting value for shareholders.”

Mr. Shrimpton is a business development executive with over 30 years of experience in the upstream oil and gas industry. He most recently served as Business Development Manager, Africa and Middle East at TGS, where he was responsible for developing commercial relationships with operators and national oil companies across the region. Prior to TGS, he spent over twenty-five years at PGS, where he led New Ventures activities in North Africa and the Mediterranean, managed equity seismic projects, and held senior sales and marine operations roles. His extensive network across African energy markets and his direct familiarity with the Orange Basin data ecosystem position him well to accelerate Oregen’s partner development and farm-out strategy.

The Company also announced that it has granted 1,000,000 restricted share units (RSUs) and 500,000 incentive stock options (Options) to Mr. Shrimpton in accordance with the Company’s omnibus incentive plan. The Options are exercisable at $0.055 per common share for a period of three years. The RSUs and Options are subject to vesting restrictions.

Oregen is an investment company primarily focused on oil and gas assets in Africa. The Company is actively exploring other investment opportunities in the Orange and surrounding basins. Its current flagship investment is a 33.95% net interest in Block 2712A in the Orange Basin offshore Namibia, an emerging world-class petroleum province with multiple recent discoveries by major operators.

Source: Oregen Energy Corp