Altura Energy Issues Shares Pursuant to Securities for Services Arrangement

Rhea-AI Summary

Altura Energy (OTCQB: ALTUF, TSXV: ALTU) issued common shares to Haywood Securities under a strategic advisory agreement dated January 27, 2026. The 12-month agreement totals US$180,000 in fees payable in shares (US$15,000/month; US$45,000 quarterly in arrears).

The Company issued 192,347 common shares at a deemed price of $0.32 per share as compensation for services for the first three-month period ended April 27, 2026. Those shares are subject to a four-month-and-one-day hold period under Canadian securities laws.

Positive

• Preserves cash by paying US$180,000 via equity rather than cash
• Advisory term covers 12 months starting January 27, 2026

Negative

• Issued 192,347 shares at $0.32 increases share count and dilutes existing holders
• Quarterly arrears structure creates recurring equity issuance over the 12-month Term

News Market Reaction – ALTUF

+5.85%

+5.85% Session close to close

In the Apr 27 session, ALTUF gained 5.85%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) ("Altura" or the "Company") announces today that, pursuant to a strategic advisory agreement dated January 27, 2026 (the "Advisory Agreement"), between the Company and Haywood Securities Inc. ("Haywood"). Haywood will provide services to the Company for a 12-month period starting January 27, 2026 (the "Term") for a total fee of US$180,000 payable in common shares of the Company (the "Common Shares") over the course of the Term of the Advisory Agreement (US$15,000 per month), and payable in arrears on a three-month basis (US$45,000 every three months) once the services have been performed. The Company has issued 192,347 Common Shares at a deemed price of $0.32 per Common Share to Haywood as compensation for the consulting and advisory services rendered by Haywood, pursuant to the Advisory Agreement, for the first three-month period ended April 27, 2026. The Common Shares issued to Haywood are subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

ABOUT ALTURA ENERGY CORP.

Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona. For more information, please visit SEDAR+ (www.sedarplus.ca).

FOR FURTHER INFORMATION

Robert Johnston
Chairman
604-609-6110

Investor Relations
KIN Communications Inc
604-684-6730
altu@kincommunications.com

Forward-Looking Statements

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, including the risks as described in the Company's public disclosure as filed and available on the Company's SEDAR+ profile.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294270

FAQ

How many shares did Altura Energy (ALTUF) issue to Haywood Securities on April 27, 2026?

Altura issued 192,347 common shares to Haywood for the first three-month period. According to the company, those shares were issued at a deemed price of $0.32 per share as compensation.

What is the total value and payment schedule of the Altura advisory agreement with Haywood (ALTUF)?

The agreement totals US$180,000 payable in common shares over 12 months. According to the company, payment equals US$15,000 per month, paid in arrears US$45,000 every three months.

When does the advisory Term with Haywood for Altura (ALTUF) begin and end?

The advisory Term began on January 27, 2026 and runs for 12 months. According to the company, services are provided across that Term with quarterly arrears payments.

Are the shares issued to Haywood subject to any resale restrictions for Altura (ALTUF)?

Yes. The Common Shares issued to Haywood carry a four-month-and-one-day hold period. According to the company, this hold period is in accordance with applicable Canadian securities laws.

How might the securities-for-services arrangement affect Altura Energy shareholders (ALTUF)?

Shareholders may see modest dilution from shares issued as payment. According to the company, the arrangement substitutes equity for cash, preserving liquidity while increasing issued shares over the Term.