Jura Announces English High Court Grants Freezing Injunction in Support of ICC Award Enforcement

About this update from Jura Energy Corporation

Jura Announces English High Court Grants Freezing Injunction in Support of ICC Award Enforcement CALGARY, Alberta, July 02, 2026 (GLOBE NEWSWIRE) -- Jura Energy Corporation ("Jura" or the "Company") announces that the Commercial Court of the High Court of Justice of England and Wales has granted a freezing injunction in favour of Jura's subsidiaries, Frontier Holdings Limited ("FHL") and Spud Energy Pty Limited ("Spud"), against Petroleum Exploration (Private) Limited ("PEL") in connection with the enforcement of the ICC arbitral awards previously obtained against PEL. The order restrains PEL from disposing of or diminishing the value of certain assets located in England and Wales up to approximately US$6.96 million, subject to the terms of the order. The injunction was granted on an interim basis pending a return hearing currently scheduled for 17 July 2026, at which PEL will have the opportunity to be heard. The injunction applies to specified contractual rights and related assets in England and Wales and includes ancillary disclosure obligations requiring PEL to provide information regarding qualifying assets located within the jurisdiction. The English proceedings remain ongoing and that the Court has scheduled a further hearing for 17 July 2026 to consider the continuation of the injunction. As the matter is before the Court, Jura will not comment further on the merits of the proceedings at this time. Jura will continue to provide updates to shareholders as material developments occur, and remains committed to enforcing its rights on behalf of all shareholders. About Jura Energy Corporation Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited. Forward Looking Advisory This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. The words "will", "continue", "expects", "may", "anticipates", "intends", and similar expressions are used to identify forward looking information. Specific forward-looking statements...

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