Dr. Sean Guest reports

VALEURA ENERGY INC. ANNOUNCES REVOLVING AND EXPANDABLE CREDIT FACILITY

Valeura Energy Inc. has entered into a revolving and expandable credit facility with a syndicate of leading international banks and a global commodities trading house. The mandated lead arrangers of the facility are ICBC Standard Bank PLC, Macquarie Bank Ltd. (also acting as the technical and modelling bank), Trafigura Pte. Ltd. and UOB.

As the company's maiden debt facility, Valeura intends for the facility to establish its credit profile with a group of top-tier lenders and puts committed, scalable financing capacity in place ahead of need. The facility is a revolving credit line of up to $75-million (U.S.) and includes an uncommitted accordion feature allowing total commitments to be increased by up to a further $250-million (U.S.) to $325-million (U.S.) in aggregate.

The facility complements the company's existing cash position of approximately $320-million (U.S.) at the end of Q2 (second quarter) 2026, thereby creating total potential liquidity of approximately $645-million (U.S.). The company intends to deploy these financial resources to add value through mergers and acquisitions, and plans to only draw from the facility when acquisition financing is needed.

Highlights:

• $75-million (U.S.) committed revolving credit facility -- the company's inaugural debt facility;
• Accordion feature of up to $250-million (U.S.), providing a preagreed pathway to scale total commitments to $325-million (U.S.), subject to lender consent;
• Establishes important new financing relationships with a syndicate of three leading international banks and a global commodities trading house;
• Three-year tenor priced at 4.00 per cent margin over SOFR (1), if drawn;
• Creates total potential liquidity of approximately $645-million (U.S.) (2).

(1) Secured overnight financing rate.

(2) Revolving facility plus accordion expansion feature (subject to lender consent and market conditions) plus cash as at June 30, 2026.

Dr. Sean Guest, president and chief executive officer, commented:

"Our strategy is to seek growth through disciplined acquisitions that we believe have the potential to be value accretive and in this market it is important to be ready to act quickly. Establishing our first lending relationship with a syndicate of this calibre is a deliberate step towards that readiness. We sought a modest inaugural facility as our priority was to build relationships with a core group of lenders, prove our credit profile and put a flexible, scalable structure in place ahead of need, rather than to maximize commitments on day one.

"Together with approximately $320-million (U.S.) of cash and a clear pathway to scale our financing, we believe the Facility positions us to pursue the right opportunities from a position of genuine strength, while maintaining our customary approach to financial discipline that underpins our business."

Facility

The revolving portion of the facility is a three-year senior secured revolving credit line, which carries a margin of 4 per cent over the SOFR on drawn amount and commitment fees of 2 per cent on undrawn amount. Proceeds are available for general corporate purposes across the company. The facility includes market-standard financial covenants, no mandatory hedging requirements and no mandatory principal repayments during the first two years. The facility also includes an uncommitted accordion feature of $250-million (U.S.), which is subject to standard conditions including lender consent and market liquidity.

About Valeura Energy Inc.

Valeura is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and Turkey. The company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.

We seek Safe Harbor.