Global Energy Partner backs Altura Energy with $3 million for Arizona helium expansion

Vancouver, British Columbia--(Newsfile Corp. - July 28, 2026) - Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) ("Altura" or the "Company") has arranged a non-brokered private placement (the "Offering") with a leading conglomerate from a Southeast Asian nation (the "Corporate Investor"). The Corporate Investor is a well-established entity with extensive interests and expertise in the global energy sector and will acquire approximately 19.95% non-diluted ownership in the Company, based on the current capital structure. The Offering will consist of 18,541,400 units of the Company (each, a "Unit") at a price of $0.1618 per Unit for gross proceeds of $3 million (CDN).

Each Unit of the Offering to the Corporate Investor will comprise one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (a "Warrant"). Each full Warrant will entitle the Corporate Investor to acquire one additional Share at a price of $0.25 for 36 months from closing of the Offering, subject to an accelerated expiry provision (the "Acceleration"). All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Under the acceleration provision, if the closing price of the Shares is $1.00 or higher for 10 consecutive trading days, the exercise period of the Warrants may be reduced to 60 days at the Company's discretion by issuance of a press release within 7 days. If the Warrants remain subject to the statutory four-month-and-one-day hold period during this period, the Company may, if elected, choose to accelerate the exercise period subsequent to the expiration of such hold period. Any Warrants not exercised before the end of this 60-day period will expire and be void.

As part of the Offering, the Company and the Corporate Investor anticipate entering into an investor rights agreement (the "Agreement") pursuant to a standard investment license application in the area of origin of the Corporate Investor. The Agreement is expected to provide the Corporate Investor with the right to participate in future financings of the Company on a pro rata basis, contingent on the Corporate Investor maintaining ownership of at least 9.99% of the outstanding Shares of the Company. The Agreement will also provide the Corporate Investor with a right to nominate one member to the board of directors of the Company, contingent on the Corporate Investor maintaining ownership of at least 5% of the outstanding Shares of the Company.

The Company intends to use the net proceeds of the Offering for its flagship project in the Holbrook Basin and for working capital and general corporate purposes. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate, regulatory approvals and shareholder approvals (as applicable), including the TSX Venture Exchange (the "TSXV"). The Company anticipates issuing advisory Units (the "Advisory Units") to an arm's-length brokerage firm that assisted in introducing the Corporate Investor to the Company and is acting as financial advisors throughout the transaction, in accordance with the policies of the TSXV.