Mr. Jim Hill reports

MCF ENERGY UPDATE OF RECOMMENCEMENT OF WELCHAU-1 TESTING

MCF Energy Ltd. has provided an update for the testing of the Welchau-1 well in Austria. MCF holds a 25-per-cent interest in the Welchau project, with ADX Energy as the operator with the remaining 75-per-cent interest.

The Reifling formation testing was interrupted after perforation in January, 2025, due to legal objections by environmental non-governmental organizations in relation to environmental clearances provided to ADX for the drilling and testing of Welchau. In September, 2025, the Upper Austrian State Administrative Court ruled that ADX may resume drilling and testing activities at the Welchau-1.

The Reifling formation is the shallowest of four carbonate reservoirs intersected at Welchau-1. An acid stimulation will be performed to test the shallowest potential reservoir encountered in the Welchau-1 well. The testing program is intended to determine if movable hydrocarbons are present and the flow characteristics of the Reifling formation, which is prognosed to be at or near a light oil accumulation mapped updip of Welchau-1.

The primary testing objectives are to determine the hydrocarbon content and flow characteristics of the Reifling formation. The Reifling formation is interpreted to be at or near the oil water contact for a light oil accumulation in the Welchau anti-cline, which is mapped approximately 500 metres updip of the Welchau 1 well.

The Welchau-1 well is located in the northern calcareous Alps hydrocarbon fairway. It was drilled to test gas and condensate potential within the middle Triassic fractured carbonate reservoir sequences below the Triassic Lunz-Partnach regional seal complex. The well drilled through a hydrocarbon-bearing complex fractured carbonate reservoir interval with continuous hydrocarbon shows.

About MCF Energy Ltd.

MCF Energy was established in 2022 by leading energy executives to strengthen Europe's energy security through responsible exploration and development of natural gas resources within the region. The company has secured interests in several significant natural gas exploration projects in Austria and Germany with additional concession applications pending. MCF Energy is also evaluating additional opportunities throughout Europe. The company's leaders have extensive experience in the European energy sector and are working to develop a cleaner, cheaper and more secure natural gas industry as a transition to renewable energy sources. MCF Energy is a publicly traded company and headquartered in Vancouver, B.C.

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