Southern Energy grants restricted share awards

Southern Energy Corp. Announces Restricted Share Award Grant

CALGARY, AB / ACCESS Newswire / September 4, 2026 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC) announces that pursuant to the Company's Share Award Incentive Plan, an aggregate of 6,900,000 restricted share awards ("RSAs") were granted as part of Southern's overall compensation and employee retention program.

The RSAs vest as to one third on each of the first, second and third anniversaries of the grant date. On the vesting dates of such RSAs, the holder is entitled to receive a cash payment or its equivalent in fully paid common shares of the Company ("Common Shares"), at the Company's discretion, equal to the closing market value per Common Share on the TSXV on the business day prior to such payment.

In aggregate, 2,500,000 of the RSAs were issued to directors and persons discharging managerial responsibilities ("PDMR") of the Company, as set out below:

PDMR		Position		RSAs Awarded
Ian Atkinson		President and CEO (Director)		800,000
Calvin Yau		CFO		700,000
Gary McMurren		COO		700,000
Bruce Beynon		Non-Executive Director		100,000
Joseph Nally		Non-Executive Director		100,000
Steven Smith		Non-Executive Director		100,000

Annual Meeting of Shareholders

Southern's Annual Meeting of Shareholders is to be held at the Company's offices located at Suite 2400, 333 - 7^th Avenue S.W., Calgary, Alberta, T2P 2Z1, on Wednesday, September 30, 2026 at 10:00 a.m. (Calgary time) and by webcast via Zoom. Pursuant to the AIM Rules, it is noted that Formal notice of the meeting and the associated information circular, which includes resolutions in respect of, inter alia, prospective 'control person' approval and proposed board changes, is now available on the Company's website at https://southernenergycorp.com/2026-annual-meeting-of-shareholders and on SEDAR+ at www.sedarplus.ca.

For further information about Southern, please visit our website at www.southernenergycorp.com or contact:

Southern Energy Corp.
Ian Atkinson (President and CEO)	+1 587 287 5401
Calvin Yau (CFO)	+1 587 287 5402
Strand Hanson Limited - Nominated & Financial Adviser	+44 (0) 20 7409 3494
James Bellman / Rob Patrick / Edward Foulkes
Tennyson Securities - Broker	+44 (0) 20 7186 9033
Peter Krens / Jason Woollard

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to premium commodity pricing in North America. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.

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 release.

PDMR NOTIFICATION FORMS

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Atkinson Calvin Yau Gary McMurren Bruce Beynon Joseph Nally Steven Smith
2	Reason for the notification
a)	Position/status	President and CEO (Director) CFO COO Non-Executive Director Non-Executive Director Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Southern Energy Corp.
b)	LEI	213800R25GL7J3EBJ698
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Restricted Share Awards to receive common shares in Southern Energy Corp. or equivalent cash payment, at Company's sole discretion on vesting dates
Identification code	CA8428133059
b)	Nature of the transaction	Grant of restricted share awards
c)	Price(s) and volume(s)

SOURCE: Southern Energy Corp.

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