Star Metro - ROK Resources Files Financial Results and Management Discussion & Analysis for Second Quarter of 2026

REGINA, SK / ACCESS Newswire / August 20, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) announces that the Company has filed its Financial Results and Management Discussion & Analysis ("MD&A") for the three and six month periods ended June 30, 2026, and provides an update on its financial and operating performance, including continued execution of its 2026 capital program and positive early results from its Southeast Saskatchewan drilling program.

ROK enters the second half of 2026 from a position of financial strength, with a fully funded capital program, positive liquidity and early drilling results that are exceeding the Company's type-curve expectations. This financial position provides ROK with the flexibility to advance its organic development strategy while continuing to evaluate additional opportunities to enhance shareholder value.

With an Adjusted Net Surplus of $9.9 million as at June 30, 2026, together with forecasted cash flow and proceeds from the previously announced sale of non-core assets that closed in Q3 2026, ROK intends to maintain a disciplined and returns-focused approach to capital allocation. The Company will continue to assess opportunities to deploy capital toward initiatives expected to generate the most attractive risk-adjusted returns and enhance value on a per-share basis. These opportunities may include expanding or accelerating the Company's drilling program, pursuing accretive acquisitions that complement and enhance ROK's existing asset base, purchasing common shares under its normal course issuer bid ("NCIB"), and considering other forms of return of capital to shareholders, in each case subject to market conditions, available opportunities and applicable approvals.

ROK continues to advance its 2026 capital program, currently drilling its seventh well, with three wells on production and the remaining drilled wells expected to be brought on production in the coming weeks. For the month of August, the three new wells have added approximately 400 boepd (80% liquids) to ROK's corporate production base, more than replacing the production sold in the asset disposition in Q3 2026. This early production performance is encouraging and will expand ROK's drilling inventory base, supporting additional capital allocation toward organic production growth.

Q2 2026 Highlights

1. Refer to "Non-IFRS Measures" section below for details regarding adjustments to processing and other income for purposes of calculating "Funds from Operations".

Complete reports and statements are available on SEDAR+ at www.sedarplus.ca and on the Company website www.rokresources.ca.

About ROK

ROK is primarily engaged in petroleum and natural gas exploration and development activities in Alberta and Saskatchewan. It has offices located in both Regina, Saskatchewan, Canada and Calgary, Alberta, Canada. ROK's common shares are traded on the TSX Venture Exchange under the trading symbol "ROK".

For further information, please contact:
Bryden Wright, President and Chief Executive Officer
Jared Lukomski, Senior Vice President, Land & Business Development
Phone: (306) 522-0011
Email: [email protected]
Website: www.rokresources.ca

Non-IFRS Measures

The non-IFRS measures referred to above do not have any standardized meaning prescribed by IFRS Accounting Standards ("IFRS") and, therefore, may not be comparable to similar measures used by other companies. Management uses this non-IFRS measurement to provide its shareholders and investors with a measurement of the Company's financial performance and are not intended to represent operating profits nor should they be viewed as an alternative to cash provided by operating activities, net income or other measures of financial performance calculated in accordance with IFRS. The reader is cautioned that these amounts may not be directly comparable to measures for other companies where similar terminology is used.

"Operating Income" is calculated by deducting royalties and operating expense from total sales revenue. Total sales revenue is comprised of oil and gas sales. The Company refers to Operating Income expressed per unit of production as an "Operating Netback". "Operating Income Profit Margin" is calculated by the Company as Operating Income as a percentage of oil and natural gas sales. "Funds from Operations" is calculated by adding other income and realized gains/losses on commodity contracts ("hedging") to Operating Income. "Funds from Operations Profit Margin" is calculated by the Company as Funds from Operations as a percentage of oil and natural gas sales.

The following table reconciles the aforementioned non-IFRS measures:

1. Non-cash revenue derived from management fees that are recognized over time from deferred revenue in the 2025 comparative period is excluded from processing and other income for the calculation of Funds from Operations.

"Net Surplus (Debt)" includes the undiscounted face value of all indebtedness of the Company, such as the credit facility and lease obligations (each as defined within the Company's interim condensed consolidated financial statements for the six months ended June 30, 2026), net of Adjusted Working Capital. "Adjusted Working Capital" is calculated as current assets less current liabilities, excluding current portion of debt, lease liabilities, decommissioning obligations, RSU liabilities, and assets and liabilities held for sale as defined on the Company's statement of financial position within the Company's interim condensed consolidated financial statements for the six months ended June 30, 2026. "Adjusted Net Surplus (Debt)" is calculated by removing the mark-to-market fair value of the current portion of risk management contracts and lease obligations (each as defined within the interim condensed consolidated financial statements for the six months ended June 30, 2026) from Net Surplus (Debt).

The following table reconciles the aforementioned non-IFRS measures:

"Funds Flow" includes all cash from (used in) operating activities and is calculated before the change in non-cash working capital. "Funds Flow Basic ($/share)" and "Funds Flow Diluted ($/share)" are calculated by dividing Funds Flow by the weighted average number of basic shares and weighted average number of diluted shares outstanding, respectively, for the relevant period, as presented within the Company's interim condensed consolidated financial statements for the six months ended June 30, 2026. These are considered key measures of operating performance and capital management as they demonstrate the Company's ability to generate the cash necessary to repay debt and fund capital investments. Management believes that by excluding the temporary impact of changes in non-cash operating working capital, each of these provide useful measures of ROK's ability to generate cash that are not subject to short-term movements in non-cash operating working capital.

The following table reconciles cash flow from operating activities to Funds Flow:

Conversion Measures

Production volumes and reserves are commonly expressed on a barrel of oil equivalent ("boe") basis whereby natural gas volumes are converted at the ratio of 6 thousand cubic feet ("Mcf") to 1 barrel of oil ("bbl"). Although the intention is to sum oil and natural gas measurement units into one basis for improved analysis of results and comparisons with other industry participants, boe's may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In recent years, the value ratio based on the price of crude oil as compared to natural gas has been significantly higher than the energy equivalency of 6:1 and utilizing a conversion of natural gas volumes on a 6:1 basis may be misleading as an indication of value.

Abbreviations

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's objectives, goals, or future plans and the expected results thereof. Forward-looking statements are necessarily based on several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to general business, economic and social uncertainties; litigation, legislative, environmental, and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in ROK's public documents filed on SEDAR+ at www.sedarplus.ca; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether because of new information, future events, or otherwise.

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

SOURCE: ROK Resources Inc.

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A.Bergeron--SMC