Mr. Toby Pierce reports

NEW ZEALAND ENERGY CORP. CLOSES FUNDING AGREEMENT

New Zealand Energy Corp. has closed its previously announced definitive financing agreement with Monumental Energy Corp., effective Jan. 12, 2026, with respect to the area covered by New Zealand Energy's 50-per-cent interest in PML 38140 and PML 38141, located in onshore Taranaki, New Zealand.

Pursuant to the agreement, Monumental will finance New Zealand Energy's share of certain mutually agreed workover projects aimed at increasing oil and gas production from the licences. In consideration, New Zealand Energy has granted Monumental a project-specific royalty, effective upon satisfaction of all conditions precedent and commencement of production. Monumental will initially receive 75 per cent of net receipts, payable quarterly, until its financed costs have been recovered, after which Monumental will receive a continuing royalty equal to 25 per cent of net receipts.

About New Zealand Energy Corp.

New Zealand Energy is a publicly listed energy company focused on the development of oil, gas and gas storage opportunities in New Zealand. The company holds interests in multiple heritage assets and development-stage projects, including the Tariki gas storage project in Taranaki. With a 50-per-cent ownership stake in the Waihapa production station, the company can quickly tie in any near-term production and sell directly to market.

We seek Safe Harbor.