MONUMENTAL ENERGY CORP. ANNOUNCES NON-BROKERED LIFE OFFERING OF UP TO C$1.5 MILLION

Monumental Energy Corp. (“Monumental” or the “Company”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to announce a non-brokered private placement financing (the “LIFE Offering”) of a minimum of 7,692,308  and a maximum of 11,538,462 units of the Company (“Units”) at a price of C$0.13 per Unit, for gross proceeds of a minimum of C$1,000,000 and a maximum of C$1,500,000 (the “Offering”). Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one transferable Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of C$0.25 for thirty-six (36) months following the closing date of the Offering.

The Units to be issued under the Offering will be offered to purchasers pursuant to the listed issuer financing exemption (“LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), in all the provinces of Canada, except Quebec. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed under the Company’s profile at on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://monumental.energy/. Prospective investors should read this offering document before making an investment decision.

The Company intends to use the net proceeds of the Offering and current working capital to fund the Copper Moki 1 and 2 workovers in New Zealand, for working capital and corporate expenses, due diligence and expenses related to potential other oil and gas wells in New Zealand, and for ongoing costs and payments on the Laguna Project located in Chile.

The closing date of the Offering is expected to occur on or about February 13, 2025, or such later date or dates as the Company may determine, and are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the TSX Venture Exchange.

Finder’s fees of 7% in cash and 7% in finder warrants having an exercise price of $0.20 per common share and an expiry date of thirty-six (36) months, may be paid on a portion of the Offering in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or under any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, a “U.S. person” (as defined in Regulation S under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements under the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Monumental Energy Corp.

Monumental Energy Corp. 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 Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy Corp. The Company also has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. The Company holds a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project.

On behalf of the Board of Directors,

/s/ “Michelle DeCecco”

Michelle DeCecco, CEO

Contact Information:

Michelle DeCecco, Chief Executive Officer and Director

Email: [email protected]

Or

Maximilian Sali, VP Corporate Development and Director

Email: [email protected]

Phone: 1-604-367-8117

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the terms and completion of the Offering, the expected timing of closing the Offering, the use of proceeds of the Offering, advancing the Company’s projects, the potential plans for the Company’s projects, the plans for CM 1&2, potential oil and gas transactions, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),risks relating to inaccurate geological and development assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

MONUMENTAL ENERGY CORP. PROVIDES UPDATE ON ITS COPPER MOKI 1 & 2 WORKOVER WELLS IN THE TARANAKI REGION, NEW ZEALAND

Monumental Energy Corp. (“Monumental” or the “Company”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to share the latest updates on the workover operations for the Copper Moki 1 & 2 (“CM 1&2”) wells, in collaboration with its partner and operator, New Zealand Energy Corp. (“NZEC”) (TSXV: NZ).

Monumental has already provided $100k NZD ($82,579 CAD) for CM 1&2, allocated for critical restart operations, including electricity, equipment rental, labor, testing and analysis, wellsite services, and comprehensive project management. These funds also support essential expenses such as licenses, permits, fees, and landowner costs, setting the stage for upcoming mechanical and parts replacement activities.

The second tranche of $100k NZD ($82,483 CAD) has also been provided by Monumental. This payment is designated for procuring remaining long-lead items, finalizing well re-entry programs, and securing service providers for forthcoming onsite activities.

Monumental anticipates that the subsequent third and fourth installments of $100k NZD will cover the costs of critical parts like 2 3/8” tubing and various sizes of pump rods. These payments are scheduled for mid to late February 2025, keeping CM 1&2 on track to commence the workovers by mid-March 2025. Upon commencement of production at CM 1&2, Monumental will first recoup 75% of the net revenues from oil and gas sales, followed by transitioning to a 25% royalty model.

Furthermore, Monumental and NZEC are evaluating potential sites for new wells either on currently permitted pads or near the Waihapa production facility. The Company will continue to keep the markets informed of any developments and potential agreements if they occur.

Maximilian Sali, VP Corporate Development comments, “This strategic investment in the Copper Moki wells underscores our commitment to exploring new opportunities that build shareholder value. We are encouraged by the progress of the workover process and optimistic about the potential yield from these sites.”

Monumental and NZEC have agreed to review all items purchased and other matters when making these payments so both parties are in agreement with the use of funds and can manage them properly as partners.

About Monumental Energy Corp.

Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector. The Company owns securities of New Zealand Energy Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy Corp. The Company also has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. The Company holds a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project.

On behalf of the Board of Directors,

/s/ “Michelle DeCecco”

Michelle DeCecco, CEO

Contact Information:

Michelle DeCecco, Chief Executive Officer and Director

Email: [email protected]

Or

Maximilian Sali, VP Corporate Development and Director

Email: [email protected]

Phone: 1-604-367-8117

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the potential plans for the Company’s projects, the plans for CM 1&2, the availability of equipment and personnel, anticipated workovers of CM 1 & 2, making further payments for CM 1&2, completion of the workovers and commencement of production of CM 1 & 2, potential oil and gas transactions, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),risks relating to inaccurate geological and development assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

MONUMENTAL ENERGY CORP. ANNOUNCES WARRANT AMENDMENTS

Monumental Energy Corp. (“Monumental” or the “Company”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) announces that, subject to certain conditions and the approval of the TSX Venture Exchange (the “Exchange”), it intends to reprice certain share purchase warrants of the Company originally issued on March 3, 2023 and April 11, 2023.

A total of 5,646,000 share purchase warrants were originally issued by the Company pursuant to the closing of a non-brokered private placement on March 3, 2023 (see the Company’s news release dated March 3, 2023) and a total of 12,612,571 share purchase warrants were originally issued by the Company pursuant to the closing of a non-brokered private placement on April 11, 2023 (see the Company’s news release dated April 11, 2023) (together, the “Warrants”). As issued, each Warrant entitles the holder to purchase one common share of the Company at a price of $0.30 per share for a period of three years from the date of issuance. No Warrants have been exercised to date.

The Company is seeking the approval of the Exchange to reduce the exercise price of the Warrants to $0.25 per share. All other terms of the Warrants will remain the same. Insiders of the Company hold an aggregate of 2,285,714 Warrants.

The proposed amendment to reprice the Warrants is subject to the approval of the Exchange.

About Monumental Energy Corp.: Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector. The Company owns securities of New Zealand Energy Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy Corp. The Company also has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. The Company holds a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project.

On behalf of the Board of Directors,

/s/ “Michelle DeCecco”

Michelle DeCecco, CEO

Contact Information:

Michelle DeCecco, Chief Executive Officer and Director

Email: [email protected]

Or

Maximilian Sali, VP Corporate Development and Director

Email: [email protected]

Phone: 1-604-367-8117

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address Exchange approval of the proposed amendments to reprice the Warrants, the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

MONUMENTAL ENERGY CORP. TO PRESENT AT THE 78th ANNUAL EMERGING GROWTH VIRTUAL CONFERENCE ON JANUARY 15

Monumental Energy Corp. (“Monumental” or the “Company”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to be presenting at the Emerging Growth Virtual Conference on January 15, 2025 between 3:40 – 3:50 EST to update its US investor base and all other shareholders on the completion of the company’s fundamental acquisition and the plan for H1 2025. The presentation will also be posted on the company’s social media and website following theconference. 

The Emerging Growth Conference is an effective way for public companies to engage with the investment community regarding their Company, new products, services and other major announcements from anywhere, in an effective and time efficient manner in the United States. 

Shareholders and potential investors are welcome to sign up using the link below:

https://goto.webcasts.com/starthere.jsp?ei=1677199&tp_key=1991879e88&sti=mnmrf

About Monumental Energy Corp. 

Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector. The Company owns securities of New Zealand Energy Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy Corp. The Company also has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. The Company holds a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project. 

On behalf of the Board of Directors,

/s/ Michelle DeCecco

Michelle DeCeccoCEO

Contact Information: 

Michelle DeCecco, Chief Executive Officer and Director

Email: [email protected]

Or 

Maximilian Sali, VP Corporate Development and Director

Email: [email protected]

Phone: 1-604-367-8117

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information 

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the potential plans for the Company’s projects, the expected work to be completed at CM1 and CM2 and the anticipated outcomes, availability of equipment and personnel, anticipated workovers of CM 1 & 2, completion of the workover and commencement of production of CM 1 & 2, potential oil and gas transactions, the benefits and outcomes from Tariki-5A,other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

MONUMENTAL ENERGY CORP. PROVIDES UPDATE ON ITS COPPER MOKI WORKOVER WELLS AND ITS INVESTMENT INTO NEW ZEALAND ENERGY CORP.

Monumental Energy Corp. (“Monumental” or the “Company”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to provide an update on its investment into New Zealand Energy Corp. (TSXV.NZ) (“NZEC”) and the Copper Moki workover wells.

As reported by NZEC on December 30, 2024[1]

NZEC reported that Tariki-5A has been perforated over the top 8m of the 20m of gas bearing sand intersected and was opened to flow on the 28th of December, 2024. Limited by wellsite equipment and whilst unloading completion fluids, the well initially flowed at estimated rates increasing from 2 to 5.5 mmscf/d. After ~ 4 hours of cleanup flow the well flow was directed into the ~35km pipeline to Waihapa Production Station. A full maximum flow test couldn’t be conducted with the wellsite limitations.

Tariki gas arrived at Waihapa mid-morning on December 29, 2024 and after further commissioning work to test the production equipment, separator gas was sent through to Cheal production station for dehydration and hydrocarbon dew point control prior to commencing gas sales.

The Tariki-5A startup and commissioning program has been designed to minimize flaring and hence the full well testing program has only just commenced. While a maximum flow rate test has not yet been carried out, the wellhead pressures, temperatures, flow rates and back pressures provide sufficient information for preliminary estimates. On this basis Tariki-5A is estimated to be able to deliver up to 12 mmscf/d of gas and associated condensate to market.  Note that this estimate should be treated with caution until further testing has taken place to confirm the well’s behavior and the associated condensate yield.

With respect to the well results, the CEO of NZEC, Mr. Adams commented: “The Tariki-5A gas well has successfully been drilled, completed, and placed on production. Early indications are that the well is performing towards the upper end of our predrill expectations and testing is underway to fully characterize the well’s productivity and reserves. The commencement of gas sales from Tariki-5A marks the successful completion of NZEC’s 2024 highest priority project and the first stage in the redevelopment of the Tariki field into New Zealand’s second gas storage field. NZEC will now focus on both the evaluation of Tariki gas reserves ahead of its conversion to gas storage, and the redevelopment of its other producing and non-producing assets through 2025.”

For further information, see the full news release disseminated by NZEC on December 30, 2024.

Update on the Copper Moki Workover Wells

  • Now that NZPAM (New Zealand Petroleum and Minerals, the regulator) has approved the agreement between Monumental and NZEC, the workovers at CM1 and CM2 can begin (see the Company’s news release dated December 23, 2024 for further information).
  • There are 4 keys steps to complete the project. Regulatory approval was the first, this is now completed.
  • Next is project design and acceptance by the well examiner, which is underway
  • Procurement of the needed pumps, rods and tubulars etc. most of this has been completed and any items still required will be mobilized from Australia.
  • Service providers, contracts and scheduling to define timing can then be finalized.
  • Once these processes are complete the well workovers can begin. Both wells will be worked on concurrently and the expected production will commence after the work is completed; any production from CM1 and CM2 will flow into the permanent production station already at site.
  • Monumental has advanced NZD$100,000 to NZEC for Copper Moki 1 and 2, with more advances anticipated as the project progresses to production. The current NZD/CAD exchange rate is favorable to Monumental, potentially enhancing the value of its investment.

Maximilian Sali, VP Corporate Development and Director comments: “The completion of the Tariki 5A gas well and the presale of gas and gas that will be produced is a significant achievement for NZEC and benefits Monumental as a shareholder. We are also thrilled to see the New Zealand government approve the Copper Moki workovers so quickly and we look forward to further progress in 2025.”

About Monumental Energy Corp.

Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector. The Company owns securities of New Zealand Energy Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy Corp. The Company also has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. The Company holds a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project.

On behalf of the Board of Directors,

/s/ “Michelle DeCecco”

Michelle DeCecco, CEO

Contact Information:

Michelle DeCecco, Chief Executive Officer and Director

Email: [email protected]

Or

Maximilian Sali, VP Corporate Development and Director

Email: [email protected]

Phone: 1-604-367-8117

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the potential plans for the Company’s projects, the expected work to be completed at CM1 and CM2 and the anticipated outcomes, availability of equipment and personnel, anticipated workovers of CM 1 & 2, completion of the workover and commencement of production of CM 1 & 2, potential oil and gas transactions, the benefits and outcomes from Tariki-5A, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.


[1] New Zealand Energy Corp. Announces the Start of Production at Tariki-5A