Cancambria Energy arranges $2-million private placement

Mr. Paul Clarke reports CANCAMBRIA ENERGY ANNOUNCES PRIVATE PLACEMENT OFFERING OF UNITS TO RAISE UP TO $2 MILLION Cancambria Energy Corp. intends to issue up to five million units at a price of 40 cents per unit for gross proceeds of up to $2-million by way of a non-brokered private placement financing. Each unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 50 cents per warrant share for a period of three years following the closing of the offering. The units, shares, warrants and any shares issued upon the exercise of the warrants will be subject to a hold period of four months and one day from the date of issuance. The company may pay registered persons finders' fees comprising 6 per cent of the gross proceeds of the offering in cash and such number of non-transferable finders' warrants equal to 6 per cent of the number of units. Each finder's warrant shall entitle the holder to acquire one common share at a price of 50 cents per finder's warrant share for a period of three years from the date of issuance. Other than being non-transferable, each finder's warrant shall otherwise be on the same terms as the warrants. The units, shares, warrants, warrant shares, finders' warrants and finder's warrant shares are collectively referred to herein as the securities. The units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106, Prospectus Exemptions. It is expected that certain insiders (as such term is defined under the policies of the TSX Venture Exchange) of the company may participate in the offering. The participation of insiders in the offering will constitute a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101, on the basis that participation in the offering by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization. The offering may close in one or more tranches as subscriptions are received. Closing of the offering, which is expected to occur on or about Jan. 15, 2026, will be subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the exchange. The company intends to use the net proceeds from the offering to finance the procurement of long-lead items pursuant to the H2 (second half) 2026 drilling program, to continue technical resource evaluation of the Kiskunhalas concession area, to support of the joint venture process for the BA-IX tight-gas field and for general corporate purposes. About Cancambria Energy Corp. Cancambria Energy is a Canadian-based exploration and production company specializing in tight gas development. With a globally experienced leadership team, Cancambria focuses on high-quality, derisked projects with direct access to profitable markets. Leveraging the industry's most advanced technologies, the company aims to commercialize its flagship asset, the 100-per-cent-owned Kiskunhalas project in southern Hungary, a significant gas condensate resource in the heart of Europe. We seek Safe Harbor.