BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES AND PROPOSED FY26 DRILLING PROGRAM.

Newport Exploration Ltd has provided an operational update regarding its royalty interests in the Cooper Basin, Australia, based on Beach Energy Ltd's 2025 Annual Report. The Vancouver-based company holds a 2.5% gross overriding royalty across multiple licences in the prolific Cooper Basin, one of Australia's most established oil and gas producing regions.

The update encompasses annual production results, updated reserve estimates, and Beach Energy's proposed drilling program for fiscal year 2026. This information is significant for Newport shareholders as the company's royalty structure provides exposure to Cooper Basin production without direct operational responsibilities or capital expenditure requirements.

The Cooper Basin represents a mature hydrocarbon province with established infrastructure and ongoing development activity. Beach Energy's continued investment in drilling programs demonstrates confidence in the basin's long-term viability and potential for sustained production. For Newport, this translates to predictable royalty income streams tied to one of Australia's key energy producing regions.

The timing of this update aligns with typical annual reporting cycles and provides transparency regarding Newport's passive income generating assets. The company's royalty position offers investors exposure to Australian energy production through a Canadian-listed vehicle, representing a unique geographic diversification opportunity within the energy sector.