New Stratus arranges $13.8-million private placement

Mr. Jose Francisco Arata reports NEW STRATUS ENERGY ANNOUNCES ABOVE MARKET PRIVATE PLACEMENT New Stratus Energy Inc. has arranged a non-brokered private placement of 25,090,909 common shares at an above-market price of 55 Canadian cents per offered share for gross proceeds of up to $13.8-million (Canadian) (approximately $10-million (U.S.)). A single purchaser is expected to purchase all of the offered shares to be issued under the offering as a strategic investment and pursuant to the terms of a non-binding letter of intent. The purchaser currently holds nil common shares of the corporation and, upon closing of the offering, will own 25,090,909 common shares, representing 15.75 per cent of the then issued and outstanding common shares on a non-diluted basis. Complete details of the offering and strategic investment will follow in a subsequent release upon the parties' execution of a binding subscription agreement containing customary terms and conditions of a transaction of this type and nature. The offering is expected to close on or about Aug. 15, 2025, and is subject to the satisfaction of certain conditions, including execution of the subscription agreement with the proposed purchaser and receipt of acceptance by the TSX Venture Exchange. The offered shares issued in connection with the offering will be subject to a hold period of four months and one day from the date of closing in accordance with applicable Canadian securities laws. The corporation intends to use the net proceeds of the offering to finance the first- and second-stage investments as consideration pursuant to the corporation's farm-in transaction with Vultur Oil (see New Stratus's press release dated Aug. 5, 2025) and for general corporate purposes. We seek Safe Harbor.