BEACH REPORT FIRST HALF FY26 RESULTS

Newport Exploration Ltd has provided an operational update on licences in Australia's Cooper Basin, where the Vancouver-based company holds a 2.5% gross overriding royalty interest. The update is based on reporting from Beach Energy Ltd, the operator of the drilling program in the region.

The most significant development is the achievement of a 100% success rate in the ongoing drilling program during the first half of fiscal year 2026. This exceptional performance indicates strong geological understanding and effective targeting by Beach Energy's technical team. Such success rates are uncommon in exploration drilling and suggest the Cooper Basin licences may contain more extensive hydrocarbon resources than previously estimated.

For Newport, this development represents a positive validation of their royalty investment strategy. The 2.5% gross overriding royalty provides the company with exposure to production upside without operational risk or capital investment requirements. As drilling success translates into production, Newport stands to benefit from steady royalty income streams from these Australian assets.

The timing of this update, coinciding with Beach Energy's half-year reporting cycle, suggests continued active development of the Cooper Basin properties. The sustained drilling activity and high success rate indicate Beach Energy's confidence in the economics of these licences, which bodes well for Newport's long-term royalty income potential from this strategic investment.