Mr. David Tawil reports

CENTAURUS ENERGY OBTAINS DISMISSAL OF KD ENERGY INTERNATIONAL CAPITAL LIMITED ACTIONS

Centaurus Energy Inc. has obtained summary dismissal of two claims brought against it by KD Energy International Capital Ltd. and associated persons and entities.

In June, 2021, KD Energy, Totisa Holdings SA, David Penafiel and Alejandro August Penafiel commenced an action against Centaurus in the Alberta Court of King's Bench (action No. 2101-08114), claiming more than $3-million (U.S.) for alleged breaches of a loan agreement, as amended, and employment contracts between the parties. In July, 2022, KD Energy and Hispania Petroleum SA commenced a second action in the same court (action No. 2201-07894), claiming more than $2-million (U.S.) for alleged breaches of the same loan agreement.

On June 17, 2026, applications judge S. Latimer dismissed both action No. 2101-08114 and action No. 2201-07894, awarding costs to Centaurus of $3,905 and $2,160, respectively. As a result, all claims brought by KD Energy and its associated parties against Centaurus have been resolved in the company's favour.

As of June 29, 2026, the appeal period for the dismissal orders lapsed without any notice of appeal.

About Centaurus Energy Inc.

Centaurus is a company focused on investing in physical and digital commodities. The company's shares trade on the TSX Venture Exchange under the symbol CTA and on the OTC ID market under the symbol CTARF.

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