Ms. Michelle DeCecco reports

MONUMENTAL ENERGY MAKES STRATEGIC INVESTMENT INTO NEW ZEALAND ENERGY CORP.

Monumental Energy Corp. has filed an early warning report in respect to its holdings in New Zealand Energy Corp. (NZ), in conjunction with its market expansion focused on sustainable, clean energy.

Pursuant to NZ's $2,058,778 non-brokered private placement completed on Dec. 12, 2023 (see NZ's news release dated Dec. 12, 2023), Monumental acquired one million common shares of NZ at a price of 38 cents per share for a total subscription price of $380,000, representing approximately 12.92 per cent of the total issued and outstanding shares of NZ. Proceeds from the private placement are intended to procure long-lead items for the Tariki-5 well and to finance working capital.

Michelle DeCecco, interim chief executive officer, comments:

"Monumental's investment into NZ is driven by a growth plan that includes strategic alternatives that focus on sustainable, clean energy, analogous to our lithium projects. With an imminent strategy to explore, drill and produce gas into a fully operational production facility, taking a position in NZ was an exceptional opportunity for Monumental Energy."

Further information about New Zealand Energy is available at its website and on SEDAR+.

Prior to the completion of the private placement, Monumental did not own, directly or indirectly, or exercise control or direction, over any securities of NZ. The acquisition of the shares by Monumental was made for investment purposes. Subject to applicable laws, Monumental will continue to review its holdings of NZ's securities and, depending on market conditions, general economic conditions and industry conditions, NZ's business and financial condition, and prospects, and/or other relevant factors, may increase or decrease its investment in the securities of NZ.

Stock options

The company also announces the granting of stock options to certain of its directors, officers and consultants to purchase up to an aggregate 2.4 million common shares of the company at a price of 10 cents per share for a period of three years. The options vest immediately.

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 sector. The company has an option to acquire a 75-per-cent interest and title to the Laguna cesium-lithium brine project located in Chile, and a 50.01-per-cent interest in the Salar De Turi lithium project in Chile. The company has an option to acquire a 100-per-cent interest in the Jemi HREE (heavy rare earth element) project located in Coahuila, Mexico, near the Texas, United States, border. The company owns securities of New Zealand Energy Corp.

We seek Safe Harbor.