West Texas Resources Engages PCAOB Audit Firm to Advance OTCQB Uplisting Strategy

About this update from West Texas Resources, Inc.

BRENHAM, TX / ACCESS Newswire / July 9, 2026 / West Texas Resources, Inc. (OTCID:WTXR) ("WTXR" or the "Company") today announced that it has engaged a Public Company Accounting Oversight Board (PCAOB) registered public accounting firm to conduct the Company's independent financial statement audit, representing a significant milestone in WTXR's ongoing strategy to enhance its reporting standards and pursue an uplisting to the OTCQB Venture Market. The audit engagement marks another important step in the Company's continuing efforts to strengthen corporate governance, increase transparency, and position WTXR for broader institutional and retail investor participation. Upon completion of the audit and satisfaction of applicable OTC Markets requirements, the Company intends to submit its application for quotation on the OTCQB Venture Market. The announcement follows several months of meaningful corporate progress, including the completion of current OTC Markets reporting, continued operational development of the Company's Texas oil and gas assets, and increased investor interest reflected by recent trading activity in WTXR common stock. "Our objective has always been to build a real operating company with high-quality reporting standards and a long-term growth strategy," said H.E. Donald H. Gorée, KGC, Chairman and Chief Executive Officer of West Texas Resources. "Engaging a PCAOB audit firm is another major milestone that moves us closer to OTCQB while demonstrating our commitment to transparency and long-term shareholder value." Mr. Gorée continued, "The opportunities before us are substantial. Across Texas there are thousands of proven legacy oil wells that can often be restored to meaningful production through disciplined engineering and operational execution. Our strategy is to acquire these undervalued assets, reactivate production, and build a scalable operating company. We continue to evaluate additional acquisition opportunities and are actively assembling a pipeline of producing properties. At this point, our growth is driven primarily by our ability to access additional growth capital." In parallel with the audit process, WTXR continues to expand its operating platform through its wholly owned subsidiary, Texas Coastal Energy Corp., which is expected to operate under the name West Texas Operating Co., Inc. The Company believes bringing field operat...

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