Altura Energy expands helium production in Arizona with $3 million investment

Vancouver, British Columbia--(Newsfile Corp. - October 5, 2026) - Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) ("Altura" or the "Company") confirms it is continuing to work with its strategic investor (the "Investor"), a leading conglomerate from a Southeast Asian nation, to complete its acquisition of 18,541,400 units of the Company (each, a "Unit"). The Investor is acquiring the Units by way of a non-brokered private placement by conducted by the Company (the "Offering"), at a price of $0.1618 per Unit for gross proceeds of $3 million (CDN).

The Company has obtained the conditional acceptance of the TSX Venture Exchange to complete the Offering and the Investor is in the final stages of obtaining the required governmental and banking approvals in its local jurisdiction, following which the Offering can be completed. These approvals are progressing as planned, and the Company has obtained approval from the TSX Venture Exchange to extend the deadline for completion of the Offering through until October 30, 2026 to ensure sufficient time.

For further information concerning the terms of the Offering, readers are encouraged to review the news release issued by the Company on July 28, 2026.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT ALTURA ENERGY CORP.

Altura Energy Corp. is a helium-focused exploration and production company advancing a portfolio of assets in Arizona's prolific Holbrook Basin. The Company is focused on developing a reliable domestic source of helium, a critical and non-renewable gas essential to applications in healthcare, semiconductor manufacturing, aerospace, and advanced technologies.

Altura is currently advancing its flagship project in the Holbrook Basin of Arizona, where existing infrastructure and recent operational milestones position the Company to commence near-term helium production. With helium concentrations significantly above those typically encountered in conventional natural gas reservoirs, Altura is working to unlock the value of one of North America's emerging helium districts.

For more information, please visit SEDAR+ .

FOR FURTHER INFORMATION

On Behalf of the Board, Ashley Lastinger, CEO

Investor Relations KIN Communications Inc. 604-684-6730 altu@kincommunications.com

Forward-Looking Statements

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