Material Event - Form 8-K

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On April 22, 2024, PetroGas Company, a Nevada corporation (the "Company"), acquired exploring, drilling, mining and operating rights in 12.1 acres of land located in the Robert R Ramey Survey - Abstract 1341, Tarrant County Texas being a portion of tract 1 as recorded in Volume 13788, Page 568 of the Deed of Records of Tarrant County, Texas.

With the acquisition of these rights, the Company is authorized to make surveys on said land and to conduct seismic surveys, and has exclusive rights to produce and own oil, gas, sulphur and other liquid or gaseous hydrocarbons produced in association with oil or gas from the property.