Expression of Interest to Fund Hussar EP513

Georgina Energy Plc, GEX.L wishes to advise it has now received a non-binding expression of interest from Harlequin Energy Limited ("Harlequin") to provide the funding and enter into a Joint Operating Agreement ("JOA") for the drilling of the Hussar EP513 well for the recovery of helium, hydrogen and natural gas subject to further technical and economic due diligence by Harlequin.

HUSSAR EP513 Funding Proposal: In addition to providing funding for the well, the proposal includes the entering of a JOA that includes all associated logistics and planning. This will involve working with Georgina's engineering consultants, Aztec Well Construction, as well as coordinating with an Industry leading global oilfield Services Company who have been engaged by Harlequin.

This proposal remains subject to the finalisation and execution of a formal JOA and agreed commercial terms for the drilling at EP513, as well as the completion of full technical and economic due diligence of the EP513 Hussar License to the sole satisfaction of Harlequin and its advisors. Also, the Company will now undertake due diligence of Harlequin to satisfy this funding proposal.

Westmarket Oil & Gas Pty Ltd, a subsidiary of the Company, has secured drilling approval from the Department of Mines, Petroleum and Exploration in Western Australia ("DMPE", formerly "DEMIRS"), following consultation with the Traditional Owners (MNR) and the Central Desert Native Titles Services (CDNTS) pursuant to regulation 13(1)c of the Resource Management and Administration Regulations (RMAR).

Following the approval for drilling the Hussar well, the Company has commenced logistical preparations including repairs at the airstrip, access roads and planning of the drill pad and site locations for the drilling rig and crew, along with other critical elements of operational planning.

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

"Georgina is pleased to announce Harlequin's proposal for Hussar EP513. Georgina has highlighted the potential for offtake funding to develop both Hussar and Mt Winter which, combined with the recently announced acquisitions from Central Petroleum of Mt Kitty, Dukas and Magee, positions the Company to become a significant player in the extraction of helium and hydrogen and natural gas.

Georgina has a clear strategy to advance both Hussar and Mt Winter whilst taking advantage of opportunities that build portfolio diversification which the recent proposed acquisition will do. This strategy establishes multiple catalysts for the Company in 2026 and beyond. I look forward to reporting further developments."