Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, announced that on May 1, 2024, New York Stock Exchange Regulation department provided formal written notice to the Company that it had regained compliance with the NYSE American continuing listing standards as set forth in Part 10 of the NYSE American Company Guide.

"This is a very positive development for the Company," commented Michael Peterson, CEO of Trio. "Our Company has recently executed on several important milestones in our operations since I assumed the position of Chief Executive Officer in February. First, we relaunched operations on multiple oil producing leases we own in California in February and March. Second, we have begun selling our produced oil at commercially marketable scale in April."

"Most importantly, we currently have a drilling rig on location at our Asphalt Ridge project in northeastern Utah. We potentially stand to unlock significant shareholder value in the immediate term, and regaining NYSE American listing compliance should help shift investor focus back onto our positive business activities instead of listing compliance. We look forward to sharing additional updates on our operations in California and Utah in the coming weeks, concluded Mr. Peterson."