Contract of Sale Executed for EPA155 Mt Winter

Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, is pleased to announce that it has now executed the Share Sale Agreement to acquire 100% of the issued capital of Oilco Pty Ltd which holds the permit EPA155 (Mt Winter).

The Company has paid the A$50,000 deposit to Mosman Oil & Gas ("Mosman") and has executed the confidentiality agreements necessary to complete the "ALRA" (Aboriginal Land Rights Agreement) to be lodged with the Northern Territory Department of Mining and Energy ("DME") under the Petroleum Act 1984 (NT) to secure the granting of the exploration permit.

Upon the grant of EP155 by the DME, Westmarket Oil & Gas Pty Ltd, a subsidiary of the Company, will pay Mosman the balance of AU$300,000 from current cash reserves to complete the acquisition.

Mount Winter Update

The Company has engaged consultants to reprocess the seismic dataset and interpret all relevant horizons and basement details, which includes updating volumetric details and remapping the area. The Company will then submit a drilling approval application for the Mt Winter 1 re-entry.

Hussar Update

The Company is planning to complete the Environmental Impact Study 2 ("EIS2") required by DEMIRS to obtain drilling approval at the Hussar prospect in the Western Australian Officer Basin, where the Company is targeting the 350 km2 area for helium, hydrogen and natural gas. Cyclonic weather conditions with heavy rain and flooding continue to create delays in gaining safe access to site which has impacted the completion of EIS2.

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"The execution of the share sale agreement to acquire 100% of the revised Mt Winter exploration permit has significant potential benefits to the Company. This deal further strengthens Georgina's portfolio and increases the potential shareholder value from this asset."