File: Attachment 2025-12-02 KLE NR PP FINAL.pdf

KINGSLAND ENERGY CORP. News Release

For immediate release December 02, 2025

Kingsland Energy Corp. (NEX: KLE.H) announces Proposed Private Placement

Regina, Saskatchewan Kingsland Energy Corp. (the "Corporation" or "KLE") announces that, conditional upon NEX Board approval, it will issue 1,202,712 common shares at a price of $0.0525 per common share ("Common Shares"), for the gross proceeds of $63,142.38 ("Private Placement"). Pursuant to this Private Placement, 213,735 Common Shares will be issued to an existing control person, as that term is defined under Securities Laws. The Private Placement is a non-brokered Private Placement, and no finder's fees are payable. Currently KLE has 6,581,875 common shares issued and outstanding and after issuance of the additional Common Shares, will have 7,784,587 common shares issued and outstanding.

As KLE is a public company, it is subject to Multilateral Instrument 61-101 ("MI 61-101") governing, among other things, transactions between listed issuers and related parties of such issuers. In accordance with MI 61-101, the Private Placement constitutes a "related party transaction" for the purposes of MI 61-101 due to the fact that KLE will issue common shares to an existing control person of the Corporation, namely KF Capital Corp. In accordance with MI 61-101, absent an exemption, MI 61-101 would require KLE to receive a formal valuation of the subject matter and "majority of the minority" shareholder approval to proceed with the Private Placement. KLE is relying on the exemptions set forth in Section 5.5(c) of MI 61-101 (as it relates to formal valuations) and the exemption set out in 5.7(1)(b) of MI 61-101 (as it relates to shareholder approval), which exemptions provide that the transaction is a distribution of securities of the Corporation to a related party for cash consideration.

The Private Placement has been approved by the board of directors of the Corporation, and neither KLE nor, to the knowledge of KLE, after reasonable inquiry, any related parties to the Private Placement have knowledge of any material information concerning the Corporation or its securities that has not been generally disclosed.

Upon closing of the Private Placement, the effect of the distribution of common shares on the voting interest of the related parties will be as follows:

KF Capital Corp. will continue to be a control person, and will hold, own or control, direct or indirectly, 4,168,691 common shares of KLE or 53.55% on an undiluted and diluted basis.

All securities issued or issuable under the Private Placement will be subject to a statutory hold period lasting four months and one day following the closing of the Private Placement.

Proceeds of the Private Placement will be used for business administration and development.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.

For more information contact: Mr. Jeffrey Allison President & Chief Executive Officer Kingsland Energy Corp. Telephone: (306) 359-3444 Email: michelle@kingslandenergy.com

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended and may not be offered or sold In the United States or to, or for the account of benefit of, US persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.