Mr. Matthew Klukas reports

CRITERIUM ENERGY SIGNS BINDING FACILITY SHARING AGREEMENT FOR THE TELUK RENDAH GAS PLANT

Criterium Energy Ltd. has entered into a definitive facility sharing agreement (FSA) with Jindi South Jambi B Co. Ltd., the operator of the Teluk Rendah gas plant (TRGP).

FSA signed, granting access to the 30 mmcf/d (million cubic feet per day) TRGP and 60-kilometre pipeline to Sekernan gas sales point

Combined with gas sales agreement, key commercial agreements are now in place for first gas from SE-MGH.

"Completion of the FSA is another critical milestone that moves us closer to first gas from our SE-MGH gas development, which remains schedulled for Q3 2026," said Matthew Klukas, president and chief executive officer of Criterium Energy. "Importantly, this agreement establishes a strong partnership with Jindi, and our collective collaboration has been instrumental in bringing the FSA to completion and advancing the SE-MGH development. We look forward to building on this partnership as we work together to maximize the utilization of existing infrastructure and support increased gas production in the region. For Criterium, access to this critical infrastructure on a shared-cost basis strengthens our position in Indonesia's domestic gas market and provides a platform to develop our broader gas portfolio, leveraging cash flow expected to be generated from SE-MGH."

Terms of the FSA

Under the terms of the agreement, Criterium gains access to the TRGP, which has a processing capacity of 30 mmcf/d, as well as the 10-inch 60 km TRGP to Sekernan Pipeline that connects to the delivery point as outlined in the previously completed gas sales agreement. The TRGP and TRGP-Sekernan Pipeline are expected to provide sufficient capacity to support Criterium's near-term gas development plans within the Tungkal PSC.

The TRGP and TRGP-Sekernan Pipeline were originally constructed in 2004 by ConocoPhillips and were upgraded and refurbished by Jindi in 2020 and 2021. Jindi and Criterium will share operating costs, capital expenditures and facility upgrade costs, and will contribute to an abandonment and site reclamation fund, in each case based on throughput. Jindi will retain operatorship of the facilities, while capital expenditures will be subject to mutual agreement and costs will be reconciled annually.

The FSA was entered into on Sept. 8, 2026, on an arm's-length basis between Mont D'Or Oil Tungkal Ltd., a wholly owned subsidiary of Criterium, and Jindi.

About Criterium Energy Ltd.

Criterium Energy is Canadian-based upstream energy company focused on the aggregation and sustainable development of assets in Southeast Asia that can deliver scalable growth and cash flow generation. This region is expected to reach a population approaching 800 million people within the next 25 years, driving world-leading economic growth and record-high energy demand. With international operating expertise and a local presence, Criterium intends to contribute responsible, safe and secure sources of energy to help meet this demand. The company is committed to maximizing total shareholder return by executing across three strategic pillars that include (1) fostering a successful and sustainable reputation; (2) leveraging innovation and technology arbitrage; and (3) achieving operational excellence with an unwavering commitment to safety.

We seek Safe Harbor.