Centaurus Energy Obtains Dismissal of KD Energy International Capital Limited Actions

About this update from Centaurus Energy Inc.

Centaurus Energy Obtains Dismissal of KD Energy International Capital Limited ActionsCalgary, Alberta--(Newsfile Corp. - June 30, 2026) - Centaurus Energy Inc. (TSXV: CTA) (OTCID: CTARF) ("Centaurus" or the "Company") is pleased to announce that it has obtained summary dismissal of two claims brought against it by KD Energy International Capital Limited ("KD Energy") and associated persons and entities.In June 2021, KD Energy, Totisa Holdings S.A., David Peñafiel, and Alejandro August Peñafiel commenced an action against Centaurus in the Alberta Court of King's Bench ("Action No. 2101-08114"), claiming more than USD $3,000,000 for alleged breaches of a loan agreement, as amended, and employment contracts between the parties. In July 2022, KD Energy and Hispania Petroleum S.A. commenced a second action in the same Court ("Action No. 2201-07894"), claiming more than USD $2,000,000 for alleged breaches of the same loan agreement.On June 17, 2026, Applications Judge S. Latimer dismissed both Action No. 2101-08114 and Action No. 2201-07894, awarding costs to Centaurus of CAD $3,905 and CAD $2,160, respectively. As a result, all claims brought by KD Energy and its associated parties against Centaurus have been resolved in the Company's favour.As of June 29, 2026, the appeal period for the dismissal orders lapsed without any notice of appeal.About CentaurusCentaurus is a company focused on investing in physical and digital commodities. The Company's shares trade on the TSX-V under the symbol "CTA" and on the OTC ID Market under the symbol "CTARF".FOR FURTHER INFORMATION, PLEASE CONTACT:David Tawil, Chief Executive Officeremail: [email protected]: (646) 479-9387Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis press release contains forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets. Although the Company believes that such statements are reasonable and reflect expectations of f...

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