Hussar & Mt Winter – Permit and Project Progress

Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, provides the following update on key workstreams across its Hussar and Mt Winter assets.

EP513 Hussar

The Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has submitted the following documents with Department of Energy, Mines, Industry Regulation and Safety ("DEMIRS"):

• Well Management Plan (WMOG-DR-PL-02)
• Drilling Application (SOP-WLA-0193) and
• Well Activity Application (SOP-WLD-0109).

Georgina has also received the Report of Archaeological and Ethnographic Work Program Survey completed within the revised EP513 Exploration permit area.

Permit Status

The revised Environmental Impact Report which incorporates a significantly larger area, has been completed. Formal notice has been lodged with the Central Desert Native Title Services, as part of the drilling approval process for the intention to undertake repairs at the Hussar airstrip and access roads.

The Company is working closely with both DEMIRS and the Traditional Owners to secure drilling approval and remain confident it will be granted. Detailed engineering has taken place over the Hussar well re-entry and well development and a suitable drill rig, Ensign 970 Rig with a 10M BOP system, has been identified to undertake the drilling program.

Seismic Reprocessing

The Company and its consultants, following completion of seismic reprocessing and remapping, have also identified a secondary target within the significant expansion of the Hussar structural closure of c.350 km2, an increase of 50 km2 in aerial extent than previously mapped and entirely within the EP513 exploration licence.

EPA155 Mount Winter

The Company is currently preparing the preliminary re-entry work program as part of the Aboriginal Land Rights Act ("ALRA") agreement as the final part of the process to obtaining ratification of the granting of the selected priority area of EPA155 from the Northern Territory Minister for the Department of Mining and Energy.

Georgina has advanced the re-entry program timeline following the proposed acquisition of 100% of Mt Winter which is anticipated to complete in due course. The increased resource potential of the Mt Winter prospect following completion of reprocessing and re-mapping of the existing 2D seismic data has also provided an additional resource target within EPA155.

Additional Targets

The Company is progressing negotiations following the completion of a detailed review for potential advanced prospects with proven drilled occurrences of gas with high concentrations of helium, hydrogen and hydrocarbons under relevant Confidentiality Agreements. These potential targets are slated for re-entry and development following the completion of developments at Hussar and Mt Winter. The Company will advise on any substantive progress.

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

"Georgina continues to be focused on multiple workstreams to fulfil obligations for the Hussar drilling permit approval and completion of the Mt Winter acquisition along with implementing preparation of the re-entry plans for Mt Winter and completion of the ALRA agreement with the CLC and the Traditional Owners. Concurrently, we have completed the evaluation of additional re-entry targets which will shape our post-Hussar and Mt Winter work programme."