BEACH ENERGY’S Q2 ACTIVITIES REPORT

Newport Exploration Ltd has released an update regarding its royalty interests in the Cooper Basin, Australia, based on Beach Energy Ltd's second quarter FY25 activities report. The Vancouver-based company holds a 2.5% gross overriding royalty across certain licences in the Cooper Basin, one of Australia's most prolific onshore oil and gas producing regions.

Beach Energy, the operator of these assets, reported its quarterly activities on January 22, 2025, providing Newport's shareholders with insight into the performance of the underlying assets from which Newport derives royalty income. The Cooper Basin represents a significant unconventional and conventional hydrocarbon province, with Beach Energy being one of the major operators in the region.

This update reflects the ongoing commercial relationship between Newport and Beach Energy, where Newport benefits from production activities without direct operational involvement. The royalty structure provides Newport with exposure to Cooper Basin production while maintaining a relatively low-risk investment profile compared to direct operational participation in oil and gas development.