Mr. David Tawil reports

CENTAURUS ENERGY PROVIDES UPDATE ON 2024 ANNUAL FINANCIAL STATEMENT FILINGS

Centaurus Energy Inc. anticipates that it will fail to file its annual financial statements for the year ended Dec. 31, 2024, and the related management's discussion and analysis, and certifications, before the prescribed filing deadlines.

The company's failure to file its financial statements on time is due to the following circumstances:

• As previously publicized, Centaurus has changed its auditor to Davidson & Company LLP.
• At Davidson's request, the company is in the process of completing the restatement of its financial statements for the fiscal year ended Dec. 31, 2023, to correct an error in the accounting treatment of an overriding royalty interest (ORRI) transaction with Pan American Energy, S.R.L., Argentinian branch. The correction requires retroactive adjustments to properly reflect the fair value of the ORRI upon its transfer to Centaurus in 2023.
• Davidson notified the company on April 29, 2025, that the company will not be in position to file its financial statements on April 30.

As a result, additional time is required to finalize the audit and prepare the amended financial statements and related disclosures.

The company is working diligently with Davidson to complete the restated financial statements and expects to file the required documents no later than May 5, 2025.

About Centaurus Energy Inc.

Centaurus is a company focused on investing in ether, solana and other digital commodities. The company's shares trade on the TSX Venture Exchange under the symbol CTA and on the OTC Pink Market under the symbol CTARF.

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