Monumental's Copper Moki wells producing 125 bbl/d oil

Ms. Michelle DeCecco reports MONUMENTAL ENERGY PROVIDES UPDATE ON COPPER MOKI WELLS AND INVESTMENT IN NEW ZEALAND ENERGY CORP. Monumental Energy Corp. has provided an operational update on the producing Copper Moki oil and gas wells and on its investment in New Zealand Energy Corp., with assets located in the Taranaki basin, New Zealand. Copper Moki production update The Copper Moki-1 well was recompleted in late July, 2025, with production commencing shortly thereafter. Both Copper Moki-1 and Copper Moki-2 have been on stream for almost a month, delivering a combined production rate of approximately 125 barrels of oil per day. These rates continue to trend upward as pump speeds are gradually increased to optimize flow while preventing sand from entering the borehole. In addition to oil production, both wells are exporting associated gas to the neighbouring Waihapa production station for processing and sale. Oil is stored on site and trucked to port every two days, with the next shipment scheduled for Sept. 20, 2025. Monumental entered into its agreement with New Zealand Energy in late 2024 (see the company's news release dated Dec. 23, 2024), following New Zealand Energy's strategic shift toward a gas-storage-focused business model. Under the terms of the agreement, Monumental will receive a 75-per-cent royalty on production until recovery of its initial capital investment, after which the royalty will adjust to 25 per cent for the life of the wells. Cumulative production data (barrels and barrels of oil equivalent) will be disclosed in the coming weeks. The company is actively advancing evaluations on potential additional oil and gas projects in the area. Maximilian Sali, vice-president, corporate development, and director, quoted: "The production at Copper Moki continues to increase slowly as the pumps are turned up methodically. The pumps will continue to be turned up to its set daily production rate of 175 but will be tested higher to see what the wells can produce at capacity." New Zealand Energy: asset and corporate developments As reported by New Zealand Energy on June 30 and July 25, 2025 Tariki gas storage project and Tariki-5A well The Tariki gas storage project continues to advance, with structural remapping using a prestack depth migrated data set under way to support subsurface modelling. In addition, the company has completed dynamic reservoir and well performance modelling for the area surrounding the Tariki-5A well to assess the potential for restoring production. The modelling indicates that a gas lift period of up to three weeks is likely sufficient to re-establish gas production from the updip gas volumes. As a result, New Zealand Energy plans to initiate well and facility engineering activities in third quarter 2025 to restart gas flow. As previously reported, subsurface dynamic modelling to confirm the range of gas storage capacities, associated cushion gas requirements, operating pressures and rates, and long-term storage behaviour remains on track for delivery in August, 2025. Gas storage facility development concept studies are also in progress and scheduled for completion in August, 2025. Recently completed financing New Zealand Energy completed a $2.72-million private placement at 18 cents per share, eliminated its $2-million debt to Vliet Financing BV and strengthened its working capital position. The company has sufficient resources, along with continuing oil and gas production, to advance the gas storage project through to completion and a planned sale to a local gas provider. Waihapa-Ngaere production (50-per-cent joint venture interest) Production from Waihapa-Ngaere recommenced in late March, 2025, with the wells operating on periodic well unloads without the use of gas lift. Following the successful recommissioning of the Ngaere-1 pipeline in July, production from that well resumed in mid-July, 2025, achieving flush rates of more than 400 bbl of oil in a single day. As a result, current field production rates are temporarily constrained by on-site tank capacity for stabilization and the rate at which oil can be trucked to port. Over the past week, trucking has averaged approximately 180 bbl per day (New Zealand Energy share: 90 bbl per day). In addition, an average of approximately 15 bbl per day has been transported to port through the oil pipeline. Ngaere-1 continues to produce at rates equivalent to over 400 bbl per day when opened to refill on-site tanks. The focus for Waihapa-Ngaere over the next month is to address system bottlenecks, enabling continuous higher-rate production and transport to port through the oil pipeline. About Monumental Energy Corp. Monumental is an exploration company focused on the acquisition, exploration and development of properties in the critical and clean energy sector, as well as investing in oil and gas projects. The company owns securities of New Zealand Energy and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy. The company also has an option to acquire a 75-per-cent interest and title to the Laguna cesium-lithium brine project located in Chile. The company holds a 2-per-cent net smelter return royalty on Summit Nanotech's share of any future lithium production from the Salar de Turi project. We seek Safe Harbor.