Cancambria remits Kiskunhalas fee to Ministry of Energy

Dr. Paul Clarke reports CANCAMBRIA ENERGY CORP ANNOUNCES COMPLETION OF THE KISKUNHALAS CONCESSION AREA AGREEMENT AND ENGAGEMENT OF ADVISORS Cancambria Energy Corp. has remitted the concession fee for the Kiskunhalas concession area to the Hungarian Ministry of Energy. With this payment completed, Cancambria has fulfilled all its financial obligations to secure the 945.9-square-kilometre KCA. The company's flagship Kiskunhalas trough asset extends southwest into a portion of the KCA. At a price equivalent of less than $10 (U.S.) per net acre, this concession agreement represents an extremely attractive low-cost entry, consistent with the company's business model. Cancambria will incorporate a wholly owned Hungarian subsidiary, under the name Cancambria Kiskunhalas Koncesszios Ltd., to manage, plan and execute the exploration and appraisal work program in the KCA. Dr. Paul Clarke, chief executive officer of Cancambria, noted: "Our team is excited to begin working this prospective area. We believe in the strong potential of the KCA, both in terms of the extension of our existing unconventional tight-gas-play fairway and additional conventional oil prospectivity (including potential for horizontal-well exploration targets). The company will update the markets as the project further develops." The company is also pleased to announce the addition of Hugh Grenfal and Christopher Yokoyama as key advisers to support its long-term technical and financial goals. Mr. Grenfal brings four decades of industry experience across European and international resource markets, and has served as a director and president of several junior mining exploration companies. He began his career with Grenfal Explorations Ltd. and later spent over a decade advising institutional and private clients on oil, gas and mineral exploration opportunities from Zurich. Mr. Grenfal has an extensive background in asset management, prospect generation and development, and, in 2016, founded Peloton AG Switzerland to lead oil and gas ventures. Mr. Grenfal will serve as an adviser to the board and chief executive officer. Mr. Yokoyama will serve as the company's petrophysical technical specialist, guiding the evaluation of all existing legacy well and log data sets, while also championing geo-operations and planning of new data acquisition. Mr. Yokoyama brings over 25 years of global experience specializing in exploration, field development and unconventional resource assessments for companies including BP and Pioneer Natural Resources. His expertise in building static, data-driven models will help guide the company's completion design. Dr. Clarke stated: "We are delighted to add proven expertise to the company as we embark on an ambitious evaluation of the Kiskunhalas concession area. Both Hugh and Chris bring a wealth of knowledge to the company, and I am looking forward to working with them as we make progress towards developing the Kiskunhalas project." Cancambria also announces an engagement of Winning Media LLC to provide investor-focused digital advertising services to the company in an effort to increase investor awareness and support its OTCQB listing. Under the agreement, Winning Media will be paid a one-time fee of $100,000 (U.S.), payable in advance of the initiation of services. The agreement is for a three-month term commencing July 29, 2025, renewable upon agreement of both parties and subject to prior approval by the exchange. There are no performance factors contained in the agreement, and Winning Media will not receive shares or options as compensation. Winning Media and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither Winning Media nor its principals have an interest, directly or indirectly, in the securities of the company or any subsidiary. Winning Media is based in Houston, Tex., and brings over 20 years of experience in the on-line advertising and investor marketing industry, specializing in digital and corporate brand marketing services to enhance corporate visibility and retail investor awareness. About Cancambria Energy Corp. Cancambria 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, it 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.