The issuer amended and refiled its interim financial statements for its interim periods ended June 30, 2024 and September 30, 2024, and related management's discussion and analysis (MD&A) for each such period, in order to correct certain disclosure relating to the issuer’s acquisition of its initial 49% interest in Giraffe Energy Investments (Pty) Ltd. The issuer also amended and refiled its annual MD&A for its financial year ended December 31, 2023 to reflect the removal of certain estimates relating to PELs 83 and 90 that did not comply with the requirements of National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The issuer also filed standalone executive compensation disclosure on Form 51-102F6V Statement of Executive Compensation – Venture Issuers for its financial year ended December 31, 2023, which disclosure was required to be filed at an earlier date, in accordance with section 11.6 of National Instrument 51-102 Continuous Disclosure Obligations.

1. The Issuer was required to refile their 2022 Annual Financial Statements to correctly reflect a business combination transaction to ensure compliance with applicable accounting standards.
2. The Issuer was required to refile their 2023 Annual Financial Statements in order to enhance note disclosures that were not compliant with the requirements outlined under IAS 8.

Reason(s) for refiling: The Issuer restated its consolidated statement of cash flow for the year ended December 31, 2023. The Issuer's cash flows from funding of mortgage investments and from repayment of mortgage investments, and cash flows from funding of loan investments and repayments of loan investments, which were previously classified as investing activities, have been reclassified as operating activities. Additionally, cash flows for interest and financing costs, previously classified as financing activities, have been reclassified as operating activities in the consolidated statement of cash flows.

The Issuer restated its consolidated statement of cash flow for the year ended December 31, 2023. The Issuer's cash flows from cash advances of mortgages receivable and cash repayments of mortgages receivable, which were previously classified as investing activities, have been reclassified as operating activities in the consolidated statement of cash flows. Additionally, interest and fees on convertible debentures paid and interest and other financing charges paid, which were previously classified as financing activities, have also been reclassified to operating activities on the consolidated statement of cash flows.

The Issuer restated its consolidated statement of cash flow for the year ended December 31, 2023. The Issuer's cash funding of its investment portfolio and discharging of its investment portfolio, which were previously classified as investing activities, have been reclassified as operating activities. Additionally, cash flows for interest paid, previously classified as a financing activity, has been reclassified as an operating activity in the consolidated statement of cash flows.