Mr. Wade Felesky reports

NEW STRATUS ENERGY ANNOUNCES INCREASED PRIVATE PLACEMENT

New Stratus Energy Inc. has increased the previously announced private placement of common shares of the corporation.

The corporation now intends to complete a non-brokered private placement of common shares at a revised price of 50 cents per common share for aggregate gross proceeds of up to $8-million (approximately $5.7-million (U.S.)). Certain of the corporation's large shareholders have agreed to participate in the offering and have reflected increased orders.

Closing of the offering is expected to occur on or about July 28, 2026. In accordance with applicable securities laws, all common shares issued under the offering will be subject to a hold period expiring four months and a day following the date of closing. Closing of the offering is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Certain directors and officers of the corporation have advised that they expect to subscribe for common shares in the offering. Insider participation in the offering would be considered to be related party transactions within the meaning of Multilateral Instrument 61-101. The corporation expects to rely on certain exemptions from the requirement under MI 61-101 to obtain minority shareholder approval for the insider portions of the offering as neither the fair market value of any securities issued to or the consideration paid by such persons will exceed 25 per cent of the corporation's market capitalization.

The proceeds from the offering will remain the same and will be used to advance due diligence on memorandums of understanding for opportunities in Venezuela.

We seek Safe Harbor.