HORIZON PETROLEUM APPOINTS JOHN D. WRIGHT TO THE BOARD OF DIRECTORS

About this update from Horizon Petroleum Ltd.

CALGARY, AB, June 18, 2026 /CNW/ - Horizon Petroleum Ltd. (the "Company" or "Horizon") (TSXV: HPL) (FRA: HPM) (Tradegate: HPM) is pleased to report the appointment of Mr. John D. Wright, to the Board of Directors of the Company. The Company also reports that Mr. Tan Shern Liang has elected to stand down from the Board for personal reasons with immediate effect. The Board has subsequently appointed Mr. Liang as a Special Advisor to the Board. Mr. Wright has over 40 years of oil and gas and industry experience. He is currently Chairman of the Board of Alvopetro Energy Ltd. since 2013, Chairman of the Board of Grounded Lithium Corp. since 2022, and has been the President of Analogy Capital Advisors Inc. since 2017. He also served as the Chairman of the Board of Directors of Touchstone Exploration Inc. from 2012 until 2025 and was previously the President and Chief Executive Officer and a Director of Petrobank Energy and Resources Ltd., beginning in 2000. Mr. Wright was also the President and Chief Executive Officer of Petrominerales Ltd. from inception to May 2010 and then the Chairman of the Board until Petrominerales was acquired in 2013. In 2017, he was a Director, President and Chief Executive Officer of Ridgeback Resources Inc. Prior thereto, Mr. Wright was a director, President and Chief Executive Officer of Lightstream Resources Ltd. from 2011 to 2016. Previously, he served as the President and Chief Executive Officer of Pacalta Resources Ltd. from 1996 to 1999. Mr. Wright began his career in 1981 after graduating from the University of Alberta with a Bachelor of Science degree in petroleum engineering. Mr. Wright is a Professional Engineer and a Chartered Financial Analyst. Dr. David Winter CEO of Horizon commented "We are very pleased to have a businessman of John's depth of corporate and international oil and gas experience to work with us to execute our European gas acquisition strategy and our exciting natural gas development in Poland. Our goal is to increase cleaner domestic energy production in Poland and Europe and to help improve energy independence and security. With his track record of building successful international oil and gas businesses, his appointment will provide Horizon with important corporate governance, capital markets and financing experience that will complement the current board and management te...

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