Mr. Daniel Sanchez reports

CGX ENERGY ANNOUNCES EXTENSION OF US$2.5 MILLION SENIOR SECURED LOAN FACILITY

CGX Energy Inc.'s wholly owned subsidiary, CGX Resources Inc., has entered into an amendment with Frontera Energy Guyana Holding Ltd., a wholly owned subsidiary of Frontera Energy Corp., to extend the maturity date of its existing $2.5-million (U.S.) senior secured loan facility by one year, from Oct. 31, 2026, to Oct. 31, 2027.

The loan was originally entered into on Oct. 31, 2025, to support the company's working capital and general corporate expenditures. All other terms and conditions of the loan remain unchanged, including the interest rate of 19.32 per cent per annum, and the existing security and guarantee arrangements.

The extension provides the company with additional time to address its financing requirements while continuing to evaluate financing alternatives to support its operations.

About CGX Energy Inc.

CGX is a Canadian company engaged in the ownership and operation of the Berbice River port and related logistics facilities in Guyana, as well as the management of its oil and gas interests in the Guyana-Suriname basin.

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