Prospera Announces Operations Update and May Conference Call

About this update from Prospera Energy Inc.

Calgary, Alberta--(Newsfile Corp. - May 18, 2026) - Prospera Energy (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") is pleased to provide an operational update across its core Saskatchewan heavy oil portfolio, announce its May 2026 Corporate Update Conference Call, and highlight continued industry recognition through its participation in The Energy Year - Canada 2026 and the Global Energy Show Canada 2026. Year-to-date 2026 results at Hearts Hill, sustained 18-month growth at Luseland, and the recent commencement of the 2026 Cuthbert service rig program collectively reinforce the durability of the Company's reactivation-led strategy and the consistent execution of its operating model. Hearts Hill - 2026 Year-to-Date Production Growth Hearts Hill has delivered meaningful production growth through the first four months of 2026. Net production has climbed from approximately 135 BOE per day at the start of January 2026 to approximately 175 BOE per day as of early May 2026, representing year-to-date growth of approximately 30%. Net oil production has advanced from approximately 17 m³ per day to approximately 24 m³ per day over the same period - an increase of roughly 40% in oil throughput. The trajectory reflects the cumulative impact of targeted optimization activity, well-level interventions, and disciplined production engineering, and continues to validate Hearts Hill as a long-life, low-decline contributor to Prospera's portfolio. Luseland - 18-Month Growth Since Leadership Transition (October 31, 2024) To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/12143/297784_69f3676bc49b484e_001full.jpg Luseland - 18-Month Growth Since Leadership Transition (October 31, 2024) When the current leadership team assumed responsibility for Prospera's operations on October 31, 2024, Luseland was producing approximately 65 BOE per day. Eighteen months later, net production stands at approximately 255 BOE per day - a near four-fold increase achieved through systematic reactivations, downhole optimization, and tighter production engineering, at a fraction of the capital intensity of equivalent growth from new drilling. Net oil volumes advanced in parallel, from approximately 10 m³ per day to approximately 40 m³ per day, confirming...

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