Point Loma Resources Ltd. announced production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. From August 29, 2019 until September 4, 2019 the well was pumped and flowed continuously with rates varying at times. The well displayed excellent inflow with total fluid rates averaging 1,400 bpd during the testing period. During the test period 8,252 barrels of fluid were recovered of which 817 barrels were oil. Oil cuts were trending upward through the continuous flow period and were approximately 45% at the end of the test period. On a boe basis the well averaged approximately 700 boepd during the final 24 hours of the test (50% oil). The final test rate exceeds that of the initial 16-17 discovery well and further delineates the Wizard Lake Rex oil pool. Next steps to advance the Rex oil pool will be to place the new well on production to existing facilities. Current landholdings of the Corporation support the potential for 16-20 (gross) additional drilling opportunities based on internal mapping and projected well spacing. Point Loma has retained Mackie Research Capital Corporation and will be reviewing proposals to purchase its interest in the Wizard Lake oil property.