Decklar Resources Inc. Grants Share Purchase Options

Decklar Resources Inc. (DKL-TSX Venture)

(

the “Company”) 

announces that it has granted, effective August 13, 2021, an aggregate of 3,540,000 share purchase options (each an "Option") to certain directors, officers, and consultants of the Company and its wholly owned subsidiary Decklar Petroleum Limited (“Decklar”) in accordance with the Company's current stock option plan. A total of 1,650,000 of the Options are being issued to directors and officers of the Company and Decklar. Each Option is exercisable into one common share (a "Share") of the Company at a price of $1.00 per Share for a period of five years expiring August 13, 2026. The options vest as to one-third immediately, one-third on January 13, 2022, and one-third on August 13, 2022.

For further information:

Duncan T. BlountChief Executive Officer Telephone: [phone]Email: [e-mail]

David Halpin

Decklar Petroleum Telephone: [phone]

Email:[e-mail]

Investor Relations: [e-mail]

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