Mr. Shubham Garg reports

PROSPERA ANNOUNCES COMPLETION OF KEY PIPELINE PROJECTS AND READINESS FOR WINTER CAPITAL PROGRAM

Prospera Energy Inc. has successfully completed three major pipeline infrastructure projects across its core Cuthbert and Hearts Hill fields. These upgrades represent a meaningful milestone in advancing the company's reservoir optimization strategy, improving fluid management and ensuring long-term operational reliability as Prospera enters the winter capital program.

The completed work includes two replacement and integrity-upgrade pipelines in Cuthbert and one pipeline replacement project in Hearts Hill, all of which reached mechanical completion over the past week and are now in service. These upgrades have returned several injector wells to operation and enabled producer wells to be brought on line in a staged and strategic manner. These initiatives follow the company's previously announced infrastructure upgrade program and are designed to enhance safety, reduce downtime and support improved production performance across the asset base. With these upgrades now fully commissioned, Prospera is positioned to advance its winter capital program and bring additional production on line.

Prospera's 2025/2026 winter capital program includes a 42-well reactivation and optimization plan designed to bring additional wells on line, initiate targeted reactivations in Luseland and proceed with scheduled workovers in Hearts Hill. In Cuthbert, the program will also include packer repairs and the restart of suspended wells, which are expected to contribute meaningfully to near-term production growth.

This program will be advanced in a measured and responsible manner, with a focus on improving production reliability and strengthening near-term cash flow-important steps in supporting the company's continuing operational and financial objectives. Prospera remains committed to maintaining constructive relationships with its vendor partners and executing its plans with the discipline required to support long-term operational and financial stability.

As part of its continued enhancement of operational reliability, Prospera has also completed the remediation of 311 regulatory non-compliances over the past 12 months. This substantial remediation effort underscores the company's commitment to responsible development, operational discipline and strengthened regulatory alignment.

"Completion of these pipeline upgrades marks a pivotal and transformational step forward for Prospera," said Shubham Garg, chief executive officer. "With these projects now in service, we are able to advance our winter capital program and bring additional production on line with greater consistency and efficiency backed by reliable cash flow from our low-decline production base. These infrastructure improvements, combined with the significant regulatory work completed this year and the progress toward closing our debenture offering, position Prospera to enter winter with momentum and a clear line of sight to continued production and cash flow growth along with operational reliability."

Prospera also highlights its previously announced convertible debenture offering, which remains scheduled to close on Dec. 14, 2025. Investor interest has remained positive as the company moves through the offering period. Proceeds from the offering are expected to support the continuation of Prospera's winter capital program and help position the company to deliver more consistent production performance and improved long-term economic outcomes. Qualified investors seeking to review the opportunity ahead of closing are encouraged to contact Prospera's chief financial officer, Chris Ludtke, at cludtke@prosperaenergy.com.

About Prospera Energy Inc.

Prospera Energy is a publicly traded Canadian energy company specializing in the exploration, development and production of crude oil and natural gas. Headquartered in Calgary, Alta., Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill and Brooks. Prospera Energy is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.

Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting.

We seek Safe Harbor.