Company: TPET
Filing Date: 2025-04-15
Form Type: 10-K/A
Source: 0001641172-25-004910
Chunk: 111

Company: Trio Petroleum Corp.
Filing Date: 2025-04-15
Form: 10-K/A
Chunk 111
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 overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit
of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts
or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments.
We determined that there are no critical audit matters.

/s/ Bush and Associates CPA LLC

We have served as Trio Petroleum Corp.’s auditor since 2024

Henderson, Nevada

January 17, 2025

| F-2 |

<div align='center'>TRIO PETROLEUM CORP.

BALANCE SHEETS</div>

|                                                                                                     |     |   |     October 
    31, 2024 |   |     |   |     October 
    31, 2023 |   |
|:----------------------------------------------------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|
| ASSETS                                                                                              |     |   |             |   |     |   |             |   |
| Current                                                                                             
 assets:                                                                                             |     |   |             |   |     |   |             |   |
| Cash                                                                                                |     | $ |     285,945 |   |     | $ |   1,561,924 |   |
| Prepaid                                                                                             
 expenses and other receivables                                                                      |     |   |     279,274 |   |     |   |     133,417 |   |
| Total                                                                                               
 current assets                                                                                      |     |   |     565,219 |   |     |   |   1,695,341 |   |
| Oil                                                                                                 
 and gas properties - not subject to amortization                                                    |     |   |  11,119,119 |   |     |   |   9,947,742 |   |
| Total                                                                                               
 assets                                                                                              |     | $ |  11,684,338 |   |     | $ |  11,643,083 |   |
| LIABILITIES                                                                                         
 AND STOCKHOLDERS’ EQUITY                                                                            |     |   |             |   |     |   |             |   |
| Current                                                                                             
 liabilities:                                                                                        |     |   |             |   |     |   |             |   |
|