Mr. Stephen Smith reports

JURA ANNOUNCES AMENDMENT TO THE LOAN AGREEMENT

Jura Energy Corp. has entered into a second amendment to its loan agreement with IDL Investments Ltd., as previously described in Jura's news release dated March 10, 2026.

Pursuant to the amendment, the availability under the loan agreement was increased from $6-million (U.S.) to $10-million (U.S.). As of the date of this news release, approximately $5.9-million (U.S.) is drawn under the loan agreement. All other provisions of the loan agreement remain unamended. The increase in the loan agreement is aimed at ensuring that Jura and its subsidiaries have sufficient financing to pursue their continuing legal actions against Petroleum Exploration (Pvt.) Ltd. (PEL), as detailed in previous news releases.

The loan is structured as a non-convertible bilateral loan facility with a three-year term to July 22, 2027, and carries a fixed interest rate of 11 per cent per annum. Pursuant to the loan agreement, and as general and continuing security for the payment and performance of the company's obligations under the loan agreement, the company granted, assigned, transferred and pledged to the lender a security interest in all of the company's right, title and interest in and to 100 per cent of the issued, outstanding and paid-up shares of its wholly owned operating subsidiaries, Spud Energy Pty. Ltd. and Frontier Holdings Ltd.

As IDL is a control person of Jura holding 55,694,790 common shares of Jura (or approximately 80.62 per cent of the issued and outstanding common shares), the amendment is a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and TSX Venture Exchange Policy 5.9. Jura confirms that the amendment is exempt from the formal valuation requirement pursuant to Section 5.5(b) of MI 61-101 as no securities of Jura are listed or quoted on any of the specified markets listed in such section. Further, the loan agreement is exempt from the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(f) of MI 61-101 because the loan agreement: (a) is obtained from a related party on reasonable commercial terms that are not less advantageous to Jura than if the credit facility were obtained from a person dealing at arm's length; and (b) is not convertible into equity or voting securities nor repayable in equity or voting securities. The amendment was approved by unanimous resolution of the board of directors of Jura, with Kashif Afzal, director of IDL, abstaining. To the knowledge of the directors and officers of Jura, after reasonable inquiry, no prior valuation (as defined in MI 61-101) in respect of Jura that relates to the subject matter of or is otherwise relevant to the amendment has been made in the 24 months before the date of this news release. Jura has provided the requisite notice of the amendment to the TSX Venture Exchange.

About Jura Energy Corp.

Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alta., and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings and Spud Energy.

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