EP3Oil Inc (EEEP)

[Slojab]

As of the date of these financial statements, the Company is in the process of completing an analysis of the
classification and fair value of outstanding shares of restricted common stock and warrants issued in connection
with the private placement. The fair value of these instruments is being determined and is subject to change based
on various factors, including market conditions and the Company's financial performance.
Management intends to work with an independent third-party valuation specialist to ensure the accuracy and
reliability of the fair value measurements. The analysis is expected to be completed by March 2024