MONUMENTAL ENERGY CORP. ANNOUNCES WARRANT EXTENSION

Monumental Energy Corp. has announced its intention to seek TSX Venture Exchange approval for a one-year extension of 12,612,571 outstanding share purchase warrants originally issued in April 2023. The proposed extension would push the expiry date from April 11, 2026, to April 11, 2027, with all other terms remaining unchanged. The majority of these warrants (11,474,284) carry an exercise price of $0.25 per share, while 1,138,287 warrants maintain the original exercise price of $0.30 per share.

The warrant extension reflects common corporate housekeeping as companies seek to preserve financing optionality in challenging market conditions. With no warrants exercised to date, the extension provides additional runway for potential capital raising should market conditions improve or the company's assets appreciate in value. The warrants represent a significant potential source of capital, totaling approximately $3.1 million if fully exercised at current strike prices.

Monumental Energy operates as an exploration company with strategic positions in New Zealand's onshore Taranaki Basin for oil and gas development, while maintaining exposure to the critical minerals sector through a lithium royalty interest in Chile. The warrant extension aligns with the company's broader strategy of maintaining financial flexibility while advancing its dual energy portfolio. For the broader junior energy and mining sector, such extensions have become increasingly common as companies navigate volatile commodity markets and seek to preserve all available financing mechanisms.