OTC: OKMN

Subject to the Company being able to secure adequate
additional financing, Okmin may also acquire the rights to and participate in drilling and/or other natural resource related operations.
The Company will evaluate other strategic corporate opportunities as they become available from time to time.

The Company’s activities are subject to
significant risks and uncertainties, including failing to secure additional funding to advance the Company’s current plan to rework
and possibly develop its existing projects and to identify and acquire new projects.

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The Company’s fiscal year end is June 30.

For the 2027 fiscal year we anticipate cash needs
of approximately $230,000 for general corporate overhead and for operations on our existing lease properties. This amount does not include
funding for any potential workovers, re-entries, stimulation treatments and recompletions of existing non or low producing wells. Any
new work on our properties will require additional capital. Based on the Company’s cash position as of June 30, 2026, additional
financing will be required to meet its budgeted expenditures for fiscal 2027. Management intends to raise such additional funding through
debt financing or private sales of the Company’s securities, but no assurance can be given that such financing will be available
on acceptable terms or at all.

Activities with Operating Partners

We own working and royalty interests in oil and
natural gas prospects in varying stages of exploration and development. The operators of our projects are familiar with the geology and
operating components of each project. Although the operators have their own technical staff and consultants, consistent with industry
practice with smaller independent oil and natural gas companies, we utilize our own consultants, as needed.

Environmental Laws and Regulations

Environmental Matters

Our operations and properties are subject to extensive
and changing federal, state, and local laws and regulations relating to environmental protection, including the generation, storage, handling,
emission, transportation, and discharge of materials into the environment, and relating to safety and health. The recent trend in environmental
legislation and regulation generally is toward stricter standards, and this trend will likely continue. These laws and regulations may:

·
Require the acquisition of a permit or other authorization before construction or drilling commences and for certain other activities;

·
Limit or prohibit construction, drilling and other activities on certain lands lying within wilderness and other protected areas; and

·
Impose substantial liabilities for pollution resulting from operations.

The permits required for our operations may be
subject to revocation, modification, and renewal by issuing authorities. Governmental authorities have the power to enforce their regulations,
and violations are subject to fines or injunctions, or both.

Research and Development

No research and development expenditures have
been incurred during the past two fiscal years.

Insurance

Our operators undertake to have general liability
and property insurance coverage in amounts deemed sufficient for the business operations. Our insurance coverage is limited, and there
is no guarantee that any insurance coverage would be sufficient to protect the value of our assets or to fully cover any losses sustained.
Payment of substantial liabilities in excess of coverage could require diversion of internal capital away from regular business, which
could result in the curtailment or suspension of our current and projected future operations.

Forward Plan

We have primarily engaged in oil and natural gas
exploration and production by participating, on a proportionate basis, alongside third-party interests in wells drilled and completed
in spacing units that include our acreage.

During the fiscal year ending June 30, 2027, our
operational activities will be focused on development and production of our oil and gas interests with our joint interest operators.

In fiscal 2027 and beyond, we intend to seek additional
growth opportunities including but not limited to the oil and gas and the natural resources sectors. This may include further acquisition
of assets, participation with current and new industry partners in their exploration and development projects, and the acquisition of
interests in existing companies.

2

Business Strategy

Key elements of our business strategy include:

·
Deploy capital in a strategic manner and review opportunities to raise additional funds to maintain liquidity. We will be highly selective in the projects we evaluate and will review opportunities to improve our financial position through various means.

·
Evaluate and Pursue Value-Enhancing Transactions. We will continuously evaluate strategic opportunities that we believe will enhance shareholder value.

Industry Operating Environment

The oil and natural gas industry is affected by
many factors that we generally cannot control. Government regulations, particularly in the areas of taxation, energy, climate change and
the environment, can have a significant impact on operations and profitability. Significant factors that will impact oil prices in the
current fiscal year and future periods include the current military activity in the Strait of Hormuz in the Middle East, the Russian war
with Ukraine, inflation, demand in Asian and European markets, and the extent to which members of the Organization of the Petroleum Exporting
Countries (“OPEC”) and other oil exporting nations manage oil supply through export quotas. Natural gas prices are generally
determined by North American supply and demand and are also affected by imports and exports of liquefied natural gas. Weather also has
a significant impact on demand for natural gas since natural gas is a primary heating source.

Seasonality

Winter weather conditions and lease stipulations
can limit or temporarily halt our drilling and producing activities and other oil and natural gas operations and those of our operating
partners. These constraints and the resulting shortages or high costs could delay or temporarily halt the operations of our operating
partners and materially increase our operating and capital costs. Such seasonal anomalies can also pose challenges for meeting well drilling
objectives and may increase competition for equipment, supplies and personnel during the spring and summer months, which could lead to
shortages and increase costs or delay or temporarily halt our operations and those of our operating partners.

Governmental Regulation

Our operations are subject to various rules, regulations
and limitations impacting the oil and natural gas exploration and production industry as a whole.

Regulation of Oil and Natural Gas Production

Our oil and natural gas exploration, production
and related operations are subject to extensive rules and regulations promulgated by federal, state, tribal and local authorities and
agencies. Many states may also have statutes or regulations addressing conservation matters, including provisions for the unitization
or pooling of oil and natural gas properties, the location of wells, the method of drilling and casing wells, the surface use and restoration
of properties upon which wells are drilled, the sourcing and disposal of water used in the process of drilling, the flaring of natural
gas, completion and abandonment, the establishment of maximum rates of production from wells, and the regulation of spacing, plugging
and abandonment of such wells. The effect of these regulations is to limit the amount of oil and natural gas that we can produce from
our wells and to limit the number of wells or the locations at which we can drill. Moreover, many states impose a production or severance
tax with respect to the production and sale of oil, natural gas and natural gas liquids within their jurisdictions. Failure to comply
with any such rules and regulations can result in substantial penalties. The regulatory burden on the oil and natural gas industry will
most likely increase our cost of doing business and may affect our profitability. Because such rules and regulations are frequently amended
or reinterpreted, we are unable to predict the future cost or impact of complying with such laws. Significant expenditures may be required
to comply with governmental laws and regulations and may have a material adverse effect on our financial condition and results of operations.
Additionally, currently unforeseen environmental incidents may occur or past non-compliance with environmental laws or regulations may
be discovered. Therefore, we are unable to predict the future costs or impact of compliance. Additional proposals and proceedings that
affect the oil and natural gas industry are regularly considered by Congress, the states, the Federal Energy Regulatory Commission (“FERC”)
and the courts. We cannot predict when or whether any such proposals may become effective.

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Regulation of Transportation of Oil

Sales of crude oil, condensate and natural gas
liquids are not currently regulated and are made at negotiated prices. Nevertheless, Congress could re-enact price controls in the future.
Our sales of crude oil are affected by the availability, terms and cost of transportation. The transportation of oil by common carrier
pipelines is also subject to rate and access regulation. The FERC regulates interstate oil pipeline transportation rates under the Interstate
Commerce Act. In general, interstate oil pipeline rates must be cost-based, although settlement rates agreed to by all shippers are permitted
and market-based rates may be permitted in certain circumstances. Effective January 1, 1995, the FERC implemented regulations establishing
an indexing system (based on inflation) for transportation rates for oil pipelines that allows a pipeline to increase its rates annually
up to a prescribed ceiling, without making a cost-of-service filing. Every five years, the FERC reviews the appropriateness of the index
level in relation to changes in industry costs.

Intrastate oil pipeline transportation rates are
subject to regulation by state regulatory commissions. The basis for intrastate oil pipeline regulation and the degree of regulatory oversight
and scrutiny given to intrastate oil pipeline rates varies from state to state. Insofar as effective interstate and intrastate rates are
equally applicable to all comparable shippers, we believe that the regulation of oil transportation rates will not affect our operations
in any way that is of material difference from those of our competitors that are similarly situated.

Further, interstate and intrastate common carrier
oil pipelines must provide service on a non-discriminatory basis. Under this open access standard, common carriers must offer service
to all similarly situated shippers requesting service on the same terms and under the same rates. When oil pipelines operate at full capacity,
access is generally governed by pro-rationing provisions set forth in the pipelines’ published tariffs. Accordingly, we believe
that access to oil pipeline transportation services generally will be available to us to the same extent as to our similarly situated
competitors.

Regulation of Transportation and Sales of Natural
Gas

Historically, the transportation and sale for
resale of natural gas in interstate commerce has been regulated by the FERC under the Natural Gas Act of 1938 (“NGA”), the
Natural Gas Policy Act of 1978 (“NGPA”) and regulations issued under those statutes. In the past, the federal government has
regulated the prices at which natural gas could be sold. While sales by producers of natural gas can currently be made at market prices,
Congress could reenact price controls in the future.

Onshore gathering services, which occur upstream
of FERC jurisdictional transmission services, are regulated by the states. Although the FERC has set forth a general test for determining
whether facilities perform a non-jurisdictional gathering function or a jurisdictional transmission function, the FERC’s determinations
as to the classification of facilities is done on a case-by-case basis. State regulation of natural gas gathering facilities generally
includes various safety, environmental and, in some circumstances, nondiscriminatory take requirements. Although such regulation has not
generally been affirmatively applied by state agencies, natural gas gathering may receive greater regulatory scrutiny in the future.

Intrastate natural gas transportation and facilities
are also subject to regulation by state regulatory agencies, and certain transportation services provided by intrastate pipelines are
also regulated by FERC. The basis for intrastate regulation of natural gas transportation and the degree of regulatory oversight and scrutiny
given to intrastate natural gas pipeline rates and services varies from state to state. Insofar as such regulation within a particular
state will generally affect all intrastate natural gas shippers within the state on a comparable basis, we believe that the regulation
of similarly situated intrastate natural gas transportation in any states in which we operate and ship natural gas on an intrastate basis
will not affect our operations in any way that is of material difference from those of our competitors. Like the regulation of interstate
transportation rates, the regulation of intrastate transportation rates affects the marketing of natural gas that we produce, as well
as the revenues we receive for sales of our natural gas.

Marketing, Major Customers and Delivery Commitments

Markets for oil and natural gas are volatile and
are subject to wide fluctuations depending on numerous factors beyond our control, including seasonality, economic conditions, foreign
imports, political conditions in other energy producing countries, OPEC market actions, and domestic government regulations and policies.
All of our production is marketed by our industry partners for our benefit and is sold to competing buyers, including large oil refining
companies and independent marketers. Substantially all of our production is sold pursuant to agreements with pricing based on prevailing
commodity prices and the volume of product delivered, subject to adjustment for regional differentials and similar factors. We had no
material delivery commitments as of June 30, 2026.

Competition

The oil and natural gas business is highly competitive
in the search for and acquisition of additional reserves and in the sale of oil and natural gas. Our competitors principally consist of
major and intermediate-sized integrated oil and natural gas companies, independent oil and natural gas companies and individual producers
and operators. Specifically, we compete for property acquisitions and our operating partners compete for the equipment and labor required
to operate and develop our properties. Our competitors may be able to pay more for properties and may be able to define, evaluate, bid
for and purchase a greater number of properties than we can. Ultimately, our future success will depend on our ability to develop or acquire
additional reserves at costs that allow us to remain competitive.

4

Human
Capital Resources

We believe that our success
depends upon our ability to attract, develop and retain key personnel. The Company currently has a single officer who serves as President/CEO.
We otherwise rely on the services of independent contractors.

Our Offices

Our principal executive office is located at 16501
Ventura Blvd., Suite 400, Encino CA, 91436.

Our Website

www.okminresources.com

Legal Proceedings

We are not currently a party to any material legal
proceedings.

Reports to Security Holders

We intend to furnish our shareholders annual reports
containing financial statements audited by our independent registered public accounting firm and to make available quarterly reports containing
unaudited financial statements for each of the first three quarters of each year. We file Quarterly Reports on Form 10-Q, Annual Reports
on Form 10-K and Current Reports on Form 8-K with the SEC in order to meet our timely and continuous disclosure requirements. We may also
file additional documents with the SEC if they become necessary in the course of our company’s operations.

The SEC maintains an Internet site that contains
reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address
of that site is www.sec.gov.