Mr. Max Sali reports

MONUMENTAL ENERGY CLOSES PRIVATE PLACEMENT FINANCING

Monumental Energy Corp. has closed its non-brokered private placement, consisting of 33,929,583 units at a price of nine cents per unit for gross proceeds of $3,053,662. Each unit comprises one common share of the company and one transferable common share purchase warrant. Each whole warrant is exercisable to purchase one common share of the company at a price of 15 cents per share for a period of two years from the closing date of the private placement.

In connection with the private placement, the company paid in consideration of the services rendered by certain brokers and finders an aggregate cash commission of $175,451 and issued an aggregate of 1,949,453 non-transferable common share purchase warrants, 540,555 of which are exercisable at a price of 15 cents per share for a period of two years, 754,398 of which are exercisable at a price of 15 cents per share for a period of five years and 654,500 of which are exercisable to acquire one unit at a price of nine cents per unit for a period of two years, from the closing of the private placement.

The company intends to use the net proceeds of the private placement to finance additional oil and gas workover projects with New Zealand Energy Corp. and L&M Energy, a reserve for potential asset acquisition investigations and due diligence to drill new oil and gas wells and developing a technical and mechanical capability within the market for strategic competitiveness, and for general working capital purposes and corporate expenses.

All securities issued under the private placement and any common shares of the company that are issuable upon the exercise of warrants and finder warrants are subject to statutory hold period of four months and one day following the closing date of the private placement in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The private placement is subject to the final approval of the exchange.

Warrant amendment

The company also announces that, subject to certain conditions and the approval of the exchange, it intends to reprice certain share purchase warrants of the company originally issued on Feb. 28, 2025. A total of 4,371,923 share purchase warrants were originally issued by the company pursuant to the closing of a non-brokered private placement of 13-cent units (one common share and one warrant per unit) (see the company's news release dated Feb. 28, 2025). As issued, each warrant entitles the holder thereof to purchase one common share of the company at a price of 25 cents per share until Feb. 28, 2028. No warrants have been exercised to date. The company is seeking the approval of the exchange to reduce the exercise price of the warrants to 17.5 cents per share. All other terms of the warrants will remain the same. No warrants are held by insiders of the company.

About Monumental Energy Corp.

Monumental Energy is an exploration company focused on the acquisition, exploration and development of properties in the critical and clean energy sectors. The company is building a strategic position in New Zealand's onshore Taranaki basin, targeting near-term oil production and longer-term natural gas development.

The company has a financing agreement with New Zealand Energy (NZEC) targeting production optimization and workover opportunities across existing fields. The company also holds securities of NZEC and a call option and royalty interest related to the Copper Moki wells.

Monumental additionally maintains exposure to the critical minerals sector through a 2-per-cent net smelter return royalty on Summit Nanotech's interest in the Salar de Turi lithium project in Chile.

We seek Safe Harbor.