Mr. Shubham Garg reports

PROSPERA ENERGY ANNOUNCES SLATE OF INDUSTRY PRESENTATIONS AND CONFERENCES

There will be a slate of coming investor presentations, speaking engagements and industry participation covering capital market forums, technical conferences and professional development events for Prospera Energy Inc. The breadth of invitations reflects increasing industry recognition of Prospera's heavy oil reactivation strategy, disciplined operational execution and positioning as a differentiated junior producer in Western Canada.

April, 2026, corporate update conference call -- April 22 -- virtual

Prospera will host its April, 2026, corporate update conference call on April 22, 2026, at 10 a.m. MST. Investors can register to attend by Zoom. During the call, management will provide updates on operational progress, production optimization initiatives and near-term strategic priorities. Investors may view the company's March, 2026, corporate update on YouTube, and its recently updated April, 2026, Key Wells report is available.

Artificial Lift Canada Conference -- April 27 and April 28 -- Calgary, Alta.

Prospera's chief executive officer Shubham Garg has been invited as a featured speaker at the ninth annual Artificial Lift Canada Conference, North America's premier forum for artificial lift systems. The two-day event brings together exploration and production operators, artificial lift manufacturers, and service providers from across the continent to explore next-generation technologies for optimizing production across reservoirs. Mr. Garg will deliver a technical presentation covering optimized PCP rotor sizing, recycle pumps and casing oil injection to enable controlled sand production, wormhole development and sustained recovery from legacy pools.

Aurrin Ventures' Create & Connect -- April 29 -- Calgary, Alta.

Mr. Garg has been invited to serve on the judging panel for the Energy Pitch Competition at Aurrin Ventures' energy industry night in Calgary where six early-stage founders will pitch their ventures live before a panel of experienced founders. Prospera is proud to stand alongside a respected group of Calgary leaders in supporting emerging entrepreneurs and contributing to the local community shaping the future of the energy industry.

Illuminate: Champions for Change -- April 30 -- Vancouver, B.C.

Prospera Energy is proud to serve as a sponsor of Champions for Change, a Vancouver-based fundraising event hosted by the Stigma-Free Mental Health Society, which works to improve mental health and strengthen communities. Prospera's support of Illuminate reflects the company's belief that sustainable operational performance and the mental well-being of the people who deliver it are inseparable, as well as its commitment to backing organizations doing the front line work of strengthening community resilience with a specific focus on supporting rural oil field communities.

APEGA webinar -- June 16 -- Calgary, Alta.

Mr. Garg has been invited by the Association of Professional Engineers and Geoscientists of Alberta to deliver a featured webinar on developing the next generation of energy leaders. The session opens with a premise that captures the core of Prospera's operating philosophy: the most effective energy executives are those who can fluently speak multiple languages -- the language of reservoirs, the language of returns and the language of raising capital. The session will explore holistic project evaluation, prioritization against the true cost of capital, quantifying and mitigating operational and timeline risk, integrating creative financing structures to unlock value in challenging markets, and bridging the gap between the field, technical teams and the boardroom. Being selected by Alberta's engineering regulator to speak on leadership development is a meaningful form of industry recognition. Prospera views this invitation as external validation that the company's path and the lessons embedded in it are a relevant model for how the next generation of Alberta energy leaders can combine engineering rigour with financial acumen to build durable businesses.

Orphan & Idle Wells -- June 24 and June 25 -- Houston, Tex.

Prospera chief executive officer Mr. Garg has been invited to present at Orphan & Idle Wells 2026, a two-day conference focused on innovative solutions, safety practices and sustainable strategies for managing idle and orphaned oil and gas wells across North America. The presentation will demonstrate how thick, high-quality heavy oil reservoirs with strong porosity and permeability can be reactivated through existing idle vertical wellbores, how early cash flow from reactivated wells can finance secondary and tertiary recovery strategies to maximize long-term field value, and the role of strategic partnerships with service providers, landowners and regulators in strengthening project economics and operational success. Speaking at Orphan & Idle Wells 2026 positions Prospera's reactivation thesis directly in front of North American operators, regulators, technology providers and capital allocators focused on one of the most pressing liability challenges in the oil and gas industry, and reframes Prospera's approach as a replicable value creation model in a sector otherwise focused on permanent abandonment.

EnerCom Denver -- Aug. 17 to Aug. 19 -- Denver, Colo.

Prospera will present at the 31st annual EnerCom Denver, the largest independent investor conference for the global oil and gas industry. EnerCom Denver annually hosts more than 1,000 attendees -- including institutional investors, family offices, private equity funds, research analysts and high-net-worth investors, alongside presentations from over 70 public and private energy companies spanning upstream, oil field services, mid-stream, royalty and energy transition.

Management commentary

"The breadth of forums inviting Prospera to participate -- from institutional investor conferences to technical presentations to APEGA's leadership programming -- is an external signal of what we've been building internally," said Mr. Garg. "Recognition from the engineering community, the capital markets community and our industry peers validates that disciplined heavy oil reactivation, executed with technical rigour and financial discipline, is a differentiated strategy at this stage of the cycle. Each of these engagements is an opportunity to bring that message to a new audience."

Shares for debt

The company has entered into settlement agreements with a total of five arm's-length vendors, representing an aggregate of $170,476.02 to be satisfied through the issuance of 4,100,306 common shares.

The settlements are structured as follows:

• Two vendors have agreed to settle a total of $30,188.54 of trades payable through the issuance of 603,771 common shares at a deemed price of 5.0 cents per share.
• One vendor has agreed to settle a total of $3,834.76 of trades payable through the issuance of 85,217 common shares at a deemed price of 4.5 cents per share.
• One vendor has agreed to settle a total of $113,389.92 of interest payable through the issuance of 2,834,748 common shares at a deemed price of 4.0 cents per share.
• One vendor has agreed to settle a total of $23,062.80 of trades payable through the issuance of 576,570 common shares at a deemed price of 4.0 cents per share.

All shares issued pursuant to the settlement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The transactions are subject to TSX Venture Exchange acceptance.

Shares-for-debt update

Prospera announces an update to its previously announced shares-for-debt settlements originally disclosed on Dec. 12, 2025, and Jan. 19, 2026. The company has entered into settlement agreements with a total of six arm's-length vendors, representing an aggregate of $393,036.77 in outstanding trade payables, to be satisfied through the issuance of 7,810,080 common shares. The settlements are structured as follows:

• One vendor has agreed to settle a total of $12,532.77 through the issuance of 200,000 common shares at a deemed price of 6.3 cents per share.
• Five vendors have agreed to settle a total of $380,504 through the issuance of 7,610,080 common shares at a deemed price of 5.0 cents per share.

All shares issued pursuant to the settlement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The transactions have been accepted by the TSX Venture Exchange.

About Prospera Energy Inc.

Prospera is a publicly traded Canadian energy company specializing in the exploration, development and production of crude oil and natural gas. Headquartered in Calgary, Alta., Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company's core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill and Brooks. Prospera is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC market under GXRFF.

Prospera reports gross production at the first point-of-sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera's working interest before royalties while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting.

We seek Safe Harbor.