Prospera Announces $12.0 Million Non-Brokered Equity Financing to Scale Its Heavy-Oil Strategy

About this update from Prospera Energy Inc.

Calgary, Alberta--(Newsfile Corp. - June 29, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") Prospera Energy is pleased to announce a non-brokered private placement of units of the Company at $0.04 per unit for aggregate gross proceeds of up to $12,000,000, the largest financing in the Company's history and a defining inflection point for Prospera. Over the past twenty months, the Company executed a deliberate and highly successful shift in strategy, focusing its efforts on reactivating previously shut-in wells across its existing inventory, with remarkable results that have been proven repeatedly in the field. This financing is the catalyst that will take the proven model to full scale. Capital deployed across Prospera's remaining inventory of more than 140 reactivation candidates is expected to rapidly grow production, compounding into field cash flow that funds further development and systematically retires the Company's balance sheet obligations, creating a self-reinforcing engine of production growth and balance sheet repair. A demonstrated, capital-efficient development modelSince the strategic shift, the Company has completed 19 reactivations and more than 60 workovers, propelling production at its flagship Luseland property from approximately 54 boe/d to 260 boe/d, a remarkable 381% increase that drove the field to an eight-year production high. These projects have delivered exceptional economics, with per-well payback periods of just six to eight months and production brought online at a capital efficiency of less than $10,000 per boe/d, a level that ranks among the most compelling in the Canadian heavy-oil sector. Saskatchewan Production Overview Since Board & Management Transition To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12143/303238_0f38837814f858d9_001full.jpg Reactivation Star Performer: 03-09-036-25W3 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12143/303238_0f38837814f858d9_002full.jpg Reactivation Star Performer: 16-07-036-25W3 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12143/303238_0f38837814f858d9_003full.jpg Reactivation Star Performer: 10-08-036-25W3 To view an enhanced version of this graphic, please visit:...

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