Monumental signs financing deal with New Zealand Energy

Ms. Michelle DeCecco reports MONUMENTAL ENERGY ENTERS INTO A DEFINITIVE FUNDING AGREEMENT WITH NEW ZEALAND ENERGY TO INCREASE PRODUCTION AT WAIHAPA-NGAERE Monumental Energy Corp. has entered into a definitive financing agreement with New Zealand Energy Corp. dated Jan. 12, 2026. More specifically, the agreement has been established between Monumental's wholly owned subsidiary, Monumental Energy Corp. N.Z. Ltd., and New Zealand Energy's wholly owned subsidiary, NZEC Waihapa Ltd. New Zealand Energy is the holder of a 50-per-cent interest in the petroleum mining licences PML 38140 and PML 38141 (together, the licences) located in onshore Taranaki, New Zealand, pursuant to a joint operating agreement (JOA) between New Zealand Energy and L&M Energy Ltd. The agreement will enable the company to participate in certain mutually agreed-upon appraisal and development workover projects with New Zealand Energy to increase oil and gas production from the area covered by the licences. The parties will agree on the scope and budget in respect of each to increase production at the Waihapa-Ngaere project (additional project), as set out on Annexure A to the agreement, and New Zealand Energy will prepare an authorization for expenditure (AFE) for that additional project. Monumental must agree to the scope and budget of any applicable additional project before proceeding. Following agreement on the scope and budget for an additional project, New Zealand Energy will then submit the AFE to the operating committee as established under the JOA for approval and thereafter, if and when any of the AFEs is approved by the operating committee, New Zealand Energy, as operator, will commence each additional project in accordance with the JOA. New Zealand Energy will issue invoices to Monumental in respect of all payments New Zealand Energy will be required to make under that AFE. In consideration for Monumental financing New Zealand Energy's share of any additional project, New Zealand Energy grants to Monumental a royalty applicable to such additional project effective upon satisfaction of all conditions precedent and commencement of production. Such royalty will be calculated and determined as set out in the royalty agreement in Annexure B of the agreement. In summary, the initial royalty will be payable in an amount equal to 75 per cent of net receipts, on a quarterly basis, until such time as a sum equal to the costs that have been paid by Monumental has been paid back, and thereafter the final royalty will commence and will be payable by New Zealand Energy to Monumental in an amount equal to 25 per cent of net receipts. Monumental and New Zealand Energy expect the initial additional project to commence in Q1 2026, subject to the satisfaction of the conditions precedent under the agreement, which include the final approval of the TSX Venture Exchange of the agreement, the applicable consent of the Minister in New Zealand in accordance with the New Zealand Crown Minerals Act 1991, and the availability of the requisite equipment and personnel to carry out the necessary work. In accordance with the exchange's Policy 5.3, the agreement constitutes a reviewable transaction as such transaction involves a non-arm's-length party; Bill Treuren is a director of the company and New Zealand Energy. About Monumental Energy Corp. Monumental Energy 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.