MONUMENTAL ENERGY ANNOUNCES COMMERCIAL PRODUCTION AT WAIHAPA H1

Monumental Energy Corp. has achieved a significant milestone with the successful restart of commercial production from all seven perforations in the Mount Messenger formation at its Waihapa H1 well in New Zealand's Taranaki Basin. The well, originally drilled in 2008 and previously producing over 1,500 barrels per day from the lower Tikorangi formation, has now been successfully perforated in the Mount Messenger formation above it, with all seven 6-meter perforations encountering natural, high-pressured oil flow requiring no additional stimulation.

The production volumes have exceeded expectations, with the company currently unable to announce stable flow rates due to insufficient on-site capacity and tanker truck availability to handle the volume. Three tanker trucks are operating continuously between the Waihapa H1 site and the port in New Plymouth, while approximately 1 TJ of associated gas is being processed and sold immediately to market. The well's location within 100 meters of the existing Waihapa production facility enables direct pipeline connection for oil transport and immediate gas processing.

This development is particularly significant given the favorable commodity price environment, with New Zealand natural gas prices ranging from $10-15 USD per MCF and Brent crude trading above $100 USD per barrel. The Mount Messenger formation is the same productive zone as the highly successful adjacent Cheal oil field, which has produced approximately 12 million barrels of oil from a relatively small area. The success at Waihapa H1 validates the exploration team's identification of 60 meters of prospective "bypass pay" in this formation.

The project represents another successful implementation of Monumental's funding agreement with New Zealand Energy Corp. (NZEC), which enables participation in mutually agreed appraisal and development workover projects aimed at increasing oil and gas production from PML 38140 and PML 38141. This strategic partnership approach allows Monumental to participate in production optimization across existing fields while building its position in one of the world's highest natural gas price environments. The company expects to publish stabilized flow rates and total production data once testing is completed and assessed.