Mr. Stephen Smith reports

JURA PROVIDES UPDATE ON DUTCH ATTACHMENT PROCEEDINGS

The District Court of The Hague, Netherlands, has issued a judgment in summary proceedings ordering the lifting of the prejudgment third party attachments previously obtained by Frontier Holdings Ltd. and Spud Energy Pty. Ltd., wholly owned subsidiaries of Jura Energy Corp.

The attachments were over certain rights of Petroleum Exploration (Private) Ltd. under agreements PEL had with KUFPEC Pakistan Holdings BV and Kirthar Pakistan BV and were in support of the enforcement of arbitral awards rendered against PEL and in favour of FHL and Spud.

The summary proceedings were initiated by KUFPEC seeking the lifting of the attachments. In its judgment dated June 4, 2026, the court ordered that the attachments be lifted and awarded legal costs against FHL and Spud. The court's decision was based on procedural grounds relating to information that the court concluded should have been disclosed in the original attachment application. The court did not adjudicate the merits of the claims underlying the arbitral awards obtained by FHL and Spud against PEL. Having reached its conclusion on the procedural issue, the court expressly determined that it was unnecessary to consider the other grounds advanced by the applicants for lifting the attachments.

The company is reviewing the court's judgment with its legal advisers and is evaluating its legal options, including its right to appeal the judgment or filing a fresh attachment application addressing the issues identified by the court in its judgment, as well as other remedies available.

The company will provide further updates as material developments occur.

About Jura Energy Corp.

Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alta., and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings and Spud Energy.

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