Mr. Mike Adams reports

NEW ZEALAND ENERGY CORP. ANNOUNCES EXECUTIVE APPOINTMENT AS TARIKI GAS STORAGE PROJECT ADVANCES

New Zealand Energy Corp. has appointed Justin Post as chief operating officer, effective immediately. Mr. Post will be primarily responsible as project director for the Tariki gas storage project, one of New Zealand Energy's most strategically significant infrastructure developments, as it advances toward commercial operations.

This appointment reflects New Zealand Energy's focus on strengthening execution capability as the business advances from development into delivery, with a particular emphasis on energy security, asset performance and disciplined capital deployment.

Mr. Post brings nearly 30 years of experience across New Zealand, and international energy, infrastructure and industrial projects, including upstream oil and gas, gas storage, compression systems, power generation, renewables, and large-scale capital delivery. He has extensive experience working with regulators, transmission system operators, joint venture partners and EPC/EPCM contractors, and has led large-scale operations across Australia, New Zealand and South Africa. Most recently, Mr. Post served as general manager, production operations, at Todd Energy.

Mr. Post's leadership will support New Zealand Energy and the Tariki joint venture as the Tariki gas storage project progresses toward final modelling, facilities planning and eventual operational readiness, with the objective of positioning the project as a foundational asset in New Zealand's evolving energy market.

The Tariki gas storage project continues to progress through an intensive development and definition phase, with a focus on technical robustness, commercial clarity and delivery confidence. Current efforts are directed toward formalizing execution planning, refined cost estimates and confirming key development milestones. Near-term priorities include progressing the project through upcoming decision gates with clear line-of-sight on concept selection, schedule, cost and delivery risk, while preserving appropriate development optionality.

New Zealand Energy believes the Tariki gas storage project has the potential to play a meaningful role in New Zealand's future gas and energy security, particularly as domestic production declines and system flexibility becomes increasingly valuable.

About New Zealand Energy Corp.

New Zealand Energy is a publicly listed energy company focused on the development of oil, gas and gas-storage opportunities in New Zealand. The company holds interests in multiple heritage assets and development-stage projects, including the Tariki gas storage project in Taranaki. With a 50-per-cent ownership stake in the Waihapa production station, the company can quickly tie in any near-term production and sell directly to market.

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