Operational Update

Georgina Energy Plc, GEX.L provides the following update for the approved drill program at Hussar EP513 and progression of the Mt Winter and Central Petroleum ("CTP") asset acquisitions.

HUSSAR EP513: The Company is completing negotiations with Harlequin Energy, a preferred wellhead off taker, to fund the drilling program approved by the DMPE which will include entering into a Joint Operating Agreement ("JOA") for the drilling of the well, including logistics, planning and all site works.

Harlequin have advised they have access to a drill rig located in Western Australia, which will be subject to review by Georgina. The Company continues to prepare logistics for repairs at the airstrip, access roads, planning of the drill pad and site locations for the drilling rig and crew along with other critical elements of operational planning.

MT Winter EP155: The Company has been advised by its indigenous consultant of continued progress for the release of the ALRA agreement from the Central Land Council ("CLC"), which will facilitate completion of the 100% acquisition. Planning remains well advanced with the prospect re-entry program having been submitted. The Company is also in discussions with multiple parties to provide funding for the re-entry under an offtake funding agreement.

Central Petroleum Acquisition: The Company is working with its advisers to prepare the Prospectus for approval by the FCA. The three advanced re-entry projects Mt Kitty, Dukas and Magee/Mahler are complementary to Georgina's existing current Mt Winter and Hussar assets. Mt Kitty in particular flowed to surface 500,000 standard cubic feet per day (SCFGD) with a significant concentration of 9% Helium and 11% Hydrogen, including the presence of "3He" (Helium Isotope 3). The planned re-entry and 500 metre horizontal section at Mt Kitty is expected to significantly increase both the previous flow rate and Contingent Resources, which would require a valid path in order to convert into Proved, Probable and Possible Reserves.

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

"Georgina continues to negotiate with its off-take partners to provide funding to develop both Hussar and Mt Winter, alongside advancing the potential acquisition of Mt Kitty, Dukas and Magee from Central Petroleum. In particular, we are excited by the potential that Mt Kitty offers as it could provide significant reserves to the portfolio. I look forward to updating our shareholders on our progress when possible and thank them for their patience in the meantime."