• Laredo Oil signed a second nonbinding Argentine letter of intent to evaluate Underground Gravity Drainage deployment in Santa Cruz Province.
• The proposed framework makes Laredo the exclusive UGD contractor, funding project costs and recovering investment from incremental production through cost recovery and profit-sharing.
• Technical and commercial reviews are expected within the initial 180-day exclusivity period.
• Investment remains subject to financing, required approvals and definitive agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Laredo Oil Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610270915PR_NEWS_USPR_____DA81873) on October 27, 2026, and is solely responsible for the information contained therein.