DRILLING PLANNED FOR EX PEL 31. BEACH REPORT FIRST HALF FY25 RESULTS

Newport Exploration Ltd, a Vancouver-based exploration company, has provided an operational update on drilling activities planned for Ex PEL 31 in Australia's Cooper Basin. The company maintains a 2.5% gross overriding royalty interest across licences in this prolific oil and gas producing region, positioning Newport to benefit from any successful drilling outcomes without direct operational involvement or capital investment.

The update follows Beach Energy Ltd's release of its FY25 half-year results presentation and interim report, which included information about the Cooper Basin licences where Newport holds royalty interests. Beach Energy, listed on the Australian Securities Exchange under ticker BPT, serves as the operator for these properties and is responsible for executing the planned drilling program.

The Cooper Basin represents one of Australia's most significant onshore oil and gas provinces, with a long history of commercial hydrocarbon production. Newport's royalty position provides the company with exposure to potential upside from Beach Energy's drilling activities while maintaining a lower-risk investment profile compared to direct operational participation.

For Newport shareholders, this development represents potential near-term value catalysts as drilling activities commence. The gross overriding royalty structure ensures that Newport will receive a percentage of gross production revenues from any successful wells, providing a direct link to operational success without the associated capital expenditure requirements. The timing of this update, coinciding with Beach Energy's formal results reporting, underscores the integration of these royalty interests within the broader Cooper Basin development strategy.