Ms. Ashley Lastinger reports

ALTURA ENERGY COMMENCES PIPELINE REPLACEMENT PROGRAM AT SADDLE HORSE DRAW PRODUCING HELIUM FIELD

Altura Energy Corp. has commenced the previously announced (see March 19, 2026, news release) pipeline replacement and infrastructure upgrade program at the Saddle Horse Draw target within the Pinta South helium field (PSHF) in the Holbrook basin of Arizona.

After pipeline completion, it is expected the recompleted wells from last year, which flowed 123 mcfd (thousand cubic feet per day) and 118 mcfd respectively, will be returned to production, workovers will begin on the remaining four wells, and Supervisory Control and Data Acquisition (SCADA) systems will be added to real-time monitoring across the pipeline infrastructure.

"Advancing this pipeline replacement and infrastructure upgrade program marks an important step in strengthening the long-term reliability and efficiency of our operations at Saddle Horse Draw," said Altura chief executive officer Ashley Lastinger. "As global helium markets face increasing supply uncertainty, we are focused on positioning Altura as a dependable North American source by investing in critical infrastructure that supports sustainable production, enhanced monitoring and operational resilience."

The infrastructure upgrade program is expected to be completed in tandem with additional well work. This includes the installation of a new pipeline connecting the wells to the processing plant, along with additional operational enhancements designed to improve field monitoring, reliability and ongoing maintenance.

Helium market context

Recent geopolitical developments have underscored the vulnerability of global helium supply chains. Qatar, which represents a significant portion of the world's helium production, has experienced disruptions to natural gas processing operations amid escalating tensions in the Middle East. Because helium is produced as a byproduct of natural gas processing, interruptions to LNG (liquified natural gas) production and export logistics can materially impact global helium availability. These events highlight the importance of developing diversified and geopolitically secure sources of helium supply, particularly in North America, to support industries such as medical imaging, semiconductor manufacturing, aerospace and advanced technology that rely on consistent access to the gas.

About Altura Energy Corp.

Altura Energy is an exploration and production company with interests in the Holbrook basin of Arizona.

We seek Safe Harbor.