Dr. David Winter reports

HORIZON PETROLEUM APPOINTS JOHN D. WRIGHT AS NON-EXECUTIVE CHAIRMAN AND ANDREW JUDSON TO THE BOARD OF DIRECTORS

Horizon Petroleum Ltd. has appointed John D. Wright as non-executive chairman and Andrew Judson to the board of directors.

Mr. Wright has more than 40 years of oil and gas industry experience. He has been Chairman of Alvopetro Energy Ltd. since 2013 and Grounded Lithium Corp. since 2022, and president of Analogy Capital Advisors Inc. since 2017. He previously served as chairman of Touchstone Exploration Inc. from 2012 to 2025. His executive leadership roles have included president and chief executive officer of Petrobank Energy and Resources Ltd., Petrominerales Ltd. and Pacalta Resources Ltd., as well as director, president and chief executive Officer of Lightstream Resources Ltd. and Ridgeback Resources Inc. At Petrominerales, he served as president and chief executive officer from the company's inception until May, 2010, then as chairman until its acquisition in 2013. Mr. Wright began his career in 1981 after earning a bachelor of science in petroleum engineering from the University of Alberta. He is a professional engineer and a chartered financial analyst.

Mr. Judson has more than 30 years of experience in the energy sector and capital markets, with a focus on international oil and gas companies and advising major institutional investors in Canada, the United States and Europe on energy investments. He currently serves as a lead director of Condor Energies Inc., which operates gas developments in Kazakhstan and Uzbekistan, and Cavvy Energy. He was also chairman of Drift Resource Technologies. He previously served as a director of Bonavista Energy Corp. until its sale in December, 2023, and of Daytona Power Corp. His capital markets experience includes senior roles as managing director of Camcor Partners Inc., an energy-focused private equity firm, managing director of institutional sales at FirstEnergy Capital Inc. and Tristone Capital Inc. He is currently a senior adviser to Fort Capital, a partner-owned investment bank, and Durum Capital, a Calgary-based boutique asset management firm. He also serves as vice-chairman of the Fraser Institute and chairman of WinSport.

About Horizon Petroleum Ltd.

Calgary-based Horizon Petroleum is focused on the appraisal and development of natural gas reserves and clean energy opportunities to support greater energy independence and security in Europe. The company's management team and board bring extensive oil and gas, business and finance experience, including significant international expertise.

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