RECONNAISSANCE ENERGY AFIRCA LTD.

Notice of Pendency of Class Action: Please be advised that your rights may be  affected by the above‑captioned securities class action (the “U.S. Action”) 1  pending in the United States District Court for the Eastern District of New York (the “U.S. Court”), if, during the period between February 28, 2019 and September 7, 2021, inclusive (the “U.S. Settlement Class Period”), you purchased or otherwise acquired publicly traded common stock of Reconnaissance Energy Africa Ltd. (“ReconAfrica”), or its predecessor Lund Enterprises Corp. (“Lund”), on the U.S. OTC market under the ticker symbols “RECAF,” “LGDOD” and/or “LGDOF” (“ReconAfrica U.S. Stock”), and were damaged thereby (the “U.S. Settlement Class”).

Notice of Settlement: Please also be advised that the Court‑appointed lead plaintiff, Robert Partovy (“U.S. Lead Plaintiff”), on behalf of himself and the U.S. Settlement Class (as defined in ¶27 below), has reached a proposed settlement of the U.S. Action for $9,425,000 Canadian dollars (subject to certain exchange rate  adjustments) in cash that, if approved, will resolve all claims in the U.S. Action (the “U.S. Settlement”).2 The Settlement would also resolve a related lawsuit  against ReconAfrica in Canada.