Mr. Toby Pierce reports

NEW ZEALAND ENERGY CORP. ANNOUNCES STRONG INITIAL PRODUCTION RESULTS FROM NGAERE-2 WE

New Zealand Energy Corp. has released strong initial production results from the Ngaere-2 well, located in the onshore Taranaki basin, New Zealand. The Ngaere-2 well has delivered an initial flush production of approximately 2,500 barrels of oil and is currently exhibiting a stable, unstimulated flow rate of approximately 300 barrels of oil per day.

Ngaere-2 is situated within a four-kilometre radius of existing producing wells and in close proximity to the Waihapa production facility, supporting efficient tie-in and continuing field development. The well forms part of New Zealand Energy's 50-per-cent interest in PML 38140 and PML 38141 (the petroleum mining licences). The company's activities at the Ngaere-2 well are conducted in conjunction with its co-venturer L&M Energy Ltd. and pursuant to its funding and development arrangement with Monumental Energy Corp., which is participating in appraisal and workover activities across the petroleum mining licences.

Current production levels are primarily constrained by oil transportation capacity from the Waihapa production station to downstream infrastructure. The company and its partners are actively working to debottleneck existing infrastructure to support increased production volumes. With multiple wells on-line in the broader Waihapa and Ngaere area, including Ngaere-2, New Zealand Energy continues to focus on optimizing production through low-cost workover and recompletion opportunities. The company has identified several behind-pipe and bypassed pay intervals in existing wells that present near-term production upside.

The continuing workover program continues to demonstrate a scalable pathway to increasing production while leveraging existing infrastructure and maintaining disciplined capital deployment.

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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