Mr. Paul Clarke reports

CANCAMBRIA ENERGY ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT UNIT OFFERING TO $3,000,000

Due to significant investor demand, Cancambria Energy Corp. has increased its previously announced non-brokered private placement financing by an additional $1-million. Pursuant to the increased offering, the company is offering, on a non-brokered private placement basis, up to 7.5 million units at a price of 40 cents per unit, to raise aggregate gross proceeds of up to $3-million. Each unit will be composed of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 50 cents per warrant share for a period of three years after the date of issuance.

All other terms of the offering remain unchanged from those set out in the company's news release dated Jan. 5, 2026.

The net proceeds from the offering will be used to finance the procurement of long-lead items pursuant to the start of the 2026 drilling program, continuing technical resource evaluation of the Kiskunhalas concession area and support of the joint venture process for the BA-IX tight gas field, and for general corporate purposes.

The offering may close in one or more tranches as subscriptions are received. The offering will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the exchange.

About Cancambria Energy Corp.

Cancambria is a Canadian-based exploration and production company specializing in tight gas development. With a globally experienced leadership team, Cancambria focuses on high-quality, derisked projects with direct access to profitable markets. Leveraging the industry's most advanced technologies, the company aims to commercialize its flagship asset, the 100-per-cent-owned Kiskunhalas project in southern Hungary, a significant gas condensate resource in the heart of Europe.

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