New Zealand Energy announces private placement of common shares for up to C$3.5 million

On January 22, 2026, New Zealand Energy Corp. (“New Zealand Energy”) announced that it was proposing an offering of up to 17,500,000 common shares of New Zealand Energy at a price of C$0.20 per common share for aggregate gross proceeds of up to C$3.5 million on a non-brokered basis. The offering is expected to close on or about February 5, 2026, or on such other date as New Zealand Energy may decide.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the offering is being made pursuant to Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers that are resident in Canada. The offering may also be made available to purchasers that are resident in certain jurisdictions outside of Canada, including the United States and the United Kingdom, in compliance with applicable securities laws.

New Zealand Energy intends to use the net proceeds from the offering to fund the advancement of its gas storage business and for general corporate purposes.

Further information can be found on New Zealand Energy’s website.

New Zealand Energy is a publicly listed energy company focused on the development of oil, gas, and gas-storage opportunities in New Zealand, with interests in multiple heritage assets and development-stage projects, including the Tariki Gas Storage Project located on New Zealand’s North Island in the Taranaki Basin and a 50% ownership stake in the Waihapa production station.