Mr. Robert Johnston reports

ALTURA ENERGY FINALIZES FARM-IN AGREEMENT ON 2,560 ACRES SURROUNDING EXISTING HELIUM PRODUCTION IN HOLBROOK BASIN, ARIZONA

Altura Energy Corp. has finalized a farm-in agreement covering approximately 2,560 acres in the Holbrook basin in Arizona, surrounding existing production from two wells that Altura retains a 20-per-cent non-working interest in. The agreement provides Altura with the right to develop helium production across acreage directly contiguous to existing production.

The two adjacent wells which Altura has a 20-per-cent non-working interest in have been producing helium since 2021 and have generated more than $11-million (U.S.) in helium sales from the Shinarump and Coconino formations, at approximately 300 metres deep.

The acreage acquirable pursuant to the agreement potentially supports up to an additional 64 wells in a single formation and remains prospective for additional stacked pay zones, both proven and untested.

"Securing this acreage is a meaningful step in building a scalable helium platform," said Ashley Lastinger, chief executive officer of Altura Energy. "The combination of shallow, proven formations, strong initial well economics and multizone upside gives us a clear path to disciplined growth. This agreement positions Altura to systematically develop a high-quality inventory of wells in a tightening global helium market."

Helium market context

Recent geopolitical developments have underscored the vulnerability of global helium supply chains. Qatar, which represents a significant portion of the world's helium production, has experienced disruptions to natural gas processing operations amid escalating tensions in the Middle East. Because helium is produced as a byproduct of natural gas processing, interruptions to LNG (liquefied natural gas) production and export logistics can materially impact global helium availability. These events highlight the importance of developing diversified and geopolitically secure sources of helium supply, particularly in North America, to support industries such as medical imaging, semiconductor manufacturing, aerospace and advanced technology that rely on consistent access to the gas.

About Altura Energy Corp.

Altura Energy is an exploration and production company with interests in the Holbrook basin of Arizona.

We seek Safe Harbor.