Laredo Oil receives reserve report estimating $41M PV-10 for Lustre Oil Field

Laredo Oil, Inc.

Independent report estimates $41M cumulative cash flow (discounted at 10%) for certain Montana properties, effective Nov 1, 2021.
Coverage includes 23,739 acres where wholly-owned subsidiary Lustre Oil Company has acquired mineral rights in NE Montana.
CEO Mark See says first 10 wells identified for completion and field has much more expansion potential.
Report prepared using constant prices and costs, conforming to SEC Regulation S-K Item 1202(a)(8).

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