Mr. Toby Pierce reports

NEW ZEALAND ENERGY CORP. ANNOUNCES CEO AND EXECUTIVE CHAIRMAN APPOINTMENTS

New Zealand Energy Corp. has appointed Toby Pierce as chief executive officer and Robert Bose as executive chairman of the company, each effective immediately. Mr. Pierce and Mr. Bose succeed Mike Adams and Frank Jacobs, who have voluntarily stepped down as chief executive officer and chairman of the board, respectively. Both Mr. Adams and Mr. Jacobs will continue to serve as directors of the company.

Toby Pierce -- chief executive officer

Mr. Pierce brings close to 30 years of senior leadership experience across the energy and natural resource sectors, with deep expertise in operations, corporate development, project execution, strategic planning and capital markets. He has held executive and board-level roles with both public and private companies, and has led teams responsible for asset development, performance optimization and stakeholder engagement in complex regulatory environments. Mr. Pierce holds an MBA from the Rotman School of Business and a bachelor of science degree in earth sciences from the University of Victoria.

Mr. Pierce has extensive experience working with joint venture partners, government and regulatory bodies, and capital providers. His leadership background includes advancing growth strategies, implementing disciplined operating plans, and overseeing corporate initiatives intended to strengthen asset-level performance and deliver long-term value for shareholders.

As chief executive officer, Mr. Pierce will be responsible for leading New Zealand Energy's overall strategy and execution, with a focus on advancing the company's priorities across its New Zealand portfolio, optimizing operations, and ensuring disciplined capital allocation and strong stakeholder engagement.

Robert Bose -- executive chairman

Mr. Bose has over 25 years of experience in corporate leadership, governance and the public markets, including board and senior executive roles within the natural resource sector. Over his career, he has been actively involved in corporate strategy, financings, mergers and acquisitions, investor relations, and the development of public companies through multiple market cycles. Mr. Bose is currently the managing member of Charlestown Energy Partners LLC, a private investment vehicle associated with Charlestown Capital Advisors, a private investment firm founded in 2005 and located in New York, and he holds an honours degree in economics from Queen's University.

As executive chairman, Mr. Bose will work closely with the company's chief executive officer and the board to support corporate strategy, strengthen governance and oversight, and assist in advancing the company's broader objectives, including capital market initiatives and strategic growth opportunities.

The company's board extends its sincere gratitude to Mr. Adams and Mr. Jacobs for their leadership and contributions during their tenure, and welcomes their continued involvement as directors of the company.

Mr. Bose commented: "We are pleased to welcome Toby as chief executive officer at an important time for NZEC. Toby brings strong operational, commercial and leadership experience, and we believe he is well positioned to execute the company's strategy and drive performance. On behalf of the board, I also want to thank Mike and Frank for their dedication and contributions."

Mr. Pierce commented: "I am pleased to join NZEC as chief executive officer. The company has a strong base of assets and meaningful opportunities ahead. I look forward to working closely with Robert, the board and the team to drive execution, pursue disciplined growth, and deliver value for shareholders and stakeholders."

About New Zealand Energy Corp.

New Zealand Energy is a publicly listed energy company focused on the development of oil, gas and gas storage opportunities in New Zealand. The company holds interests in multiple heritage assets and development-stage projects, including the Tariki gas storage project in Taranaki. With a 50-per-cent ownership stake in the Waihapa production station, the company can quickly tie in any near-term production and sell directly to market.

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