Cancambria Energy closes final tranche of financing

Mr. Paul Clarke reports CANCAMBRIA ENERGY CORP ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF UPSIZED UNIT FINANCING Cancambria Energy Corp. has successfully closed the second tranche of the previously announced upsized, non-brokered private placement of units at 52 cents per unit. Pursuant to the offering, which was announced on July 8, 2025, and July 15, 2025, the company has issued 1,058,400 units for gross proceeds of $550,368. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at an exercise price of 75 cents per warrant share for a period of three years after the closing of the offering. The units, shares, warrants and any shares issued upon the exercise of the warrants are subject to a hold period of four months and one day, expiring on Dec. 6, 2025. For the second tranche, the company paid cash finders' fees of $21,322 (aggregate of both tranches: $174,320) and issued 41,004 non-transferable finders' warrants (aggregate of both tranches: 335,232). Each finder's warrant entitles the holder to acquire one common share at a price of 75 cents per finder's warrant share, expiring Aug. 5, 2028. Other than being non-transferable, each finder's warrant is otherwise on the same terms as the warrants. The units, shares, warrants, warrant shares, finders' warrants and finders' warrant shares are collectively referred to herein as the securities. In aggregate, for both tranches of the offering, the company issued 6,862,200 units for total gross proceeds of $3,568,344. The units were offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106, Prospectus Exemptions. Dr. Paul Clarke, chief executive officer of Cancambria, noted: "We are very pleased by the strong investor support for this financing, which reflects confidence in our strategy and the overall potential of the Kiskunhalas project. The upsized offering provides us with additional working capital to appraise the Kiskunhalas hydrocarbon concession area in Hungary, and progress towards our operational and development milestones." The company will use the net proceeds from the offering to pay the concession fee under the contract agreement for the Kiskunhalas hydrocarbon concession area with the Hungarian Ministry of Energy, and for general working capital and administration 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 industries' 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.