CanCambria Energy Corp Establishes Subsidiary to Advance KCA Exploration

Rhea-AI Summary

CanCambria Energy (OTCQB:CCEYF) has established a new Hungarian subsidiary, CanCambria Kiskunhalas, to advance exploration activities in the newly awarded Kiskunhalas Concession Area (KCA). The KCA spans 945.9 km² (233,737 acres) and is adjacent to the company's existing 131.9 km² Ba-IX Mining License.

The company plans to update contingent resource estimates, evaluate new 3D seismic acquisition possibilities in the Soltvadkert Trough, and integrate historical data from the KCA region. Additionally, CanCambria has engaged Altura Media for a two-month digital marketing services agreement valued at CAD$125,000, subject to TSX Venture Exchange approval.

Positive

• Strategic expansion of exploration footprint with 945.9 km² KCA area adjacent to existing operations
• Access to underexplored Miocene basin with tight gas potential
• Availability of existing 3D seismic data from 2011 for immediate analysis
• Formation of dedicated subsidiary for focused exploration management

Negative

• Significant marketing expense of CAD$125,000 for short-term 2-month contract
• Required additional investment for new 3D seismic acquisition program
• Administrative error in Information Circular requiring correction

Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that the Company has established CanCambria Kiskunhalas Koncessziós Ltd. (“CanCambria Kiskunhalas”), a wholly owned Hungarian subsidiary, to lead exploration and appraisal activities in the recently awarded Kiskunhalas Concession Area (“KCA”).

The 945.9 km² (233,737 acres) KCA is contiguous to the Company's 131.9 km² (32,500 acres) Ba-IX Mining License. The expanded area strengthens CanCambria's strategic footprint and enhances its resource potential. Initial work in the KCA over the coming months will include:

• Updating contingent resource estimates and the Field Development Plan (FDP) to include KCA areas that extend the deep tight gas play in Ba-IX, utilizing existing 3D seismic data.
• Evaluating design, feasibility, and costs for a new 3D seismic acquisition and processing program covering the Soltvadkert Trough, a largely underexplored Miocene basin considered prospective for tight gas.
• Integrating historical well and production data from the KCA to refine multiple conventional and unconventional leads and prospects identified from the 2011-vintage 400 km² Kiha 3D seismic survey.

Digital Marketing Agreement

The Company is also pleased to announce that the Company has entered into a Digital Marketing Services Agreement with Altura Media Co. Inc. ("Altura"), pursuant to which Altura will provide the Company with digital marketing services for a term of two (2) months. The term may be extended upon mutual agreement and upon prior approval of the TSX Venture Exchange. The agreement defines the services Altura will provide to the Company, including a fully built-out interactive article-based landing page, custom-made video and/or graphic creatives, and the optimization and management of a digital traffic campaign. The Company will pay a fee of CAD$125,000, payable upon signing of the Agreement and acceptance by the TSX Venture Exchange. The marketing agreement with Altura was negotiated at arm's length. The agreement with Altura is subject to acceptance of the TSX Venture Exchange.

Altura Media Co. Inc. is a BC incorporated company with a business address in Vancouver, BC. Altura does not currently have direct or indirect interest in the Company and has no intention or right to acquire such an interest during the engagement.

Correction to Information Circular

An incorrect version of the Company's 10% rolling omnibus plan was inadvertently attached to the Information Circular for the upcoming AGM. Copies of the correct plan can be made available to shareholders when requested by email [info@cancambria.com]. Copies will also be available for review at the AGM and have been filed on SEDAR+ as well as the Company's website.

About CanCambria Energy Corp.

CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. With a globally experienced leadership team, CanCambria focuses on high-quality, de-risked projects with direct access to profitable markets. Leveraging industries' most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.

For additional inquiries, please reach out to:

Paul Clarke PhD CEO & President paul.clarke@cancambria.com Chris Beltgens VP, Corporate Development chris.beltgens@cancambria.com

Investor Relations - North America KIN Communications Inc. 604-684-6730 ccec@kincommunications.com Email: info@CanCambria.com Website: www.CanCambria.com

 

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

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

Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Offering, Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262780

FAQ

What is the size of CanCambria's new Kiskunhalas Concession Area (KCA)?

The new KCA spans 945.9 km² (233,737 acres) and is contiguous to CanCambria's existing 131.9 km² Ba-IX Mining License.

What are CCEYF's immediate plans for the Kiskunhalas Concession Area?

CanCambria plans to update contingent resource estimates, evaluate new 3D seismic acquisition possibilities in the Soltvadkert Trough, and integrate historical well and production data from existing seismic surveys.

How much is CanCambria (CCEYF) spending on digital marketing with Altura Media?

CanCambria will pay CAD$125,000 for a two-month digital marketing services agreement with Altura Media, subject to TSX Venture Exchange approval.

What is the purpose of CanCambria's new Hungarian subsidiary?

The new subsidiary, CanCambria Kiskunhalas, was established to lead exploration and appraisal activities in the recently awarded Kiskunhalas Concession Area (KCA).

What historical data does CCEYF have access to in the KCA region?

CanCambria has access to the 2011-vintage 400 km² Kiha 3D seismic survey data, which has identified multiple conventional and unconventional leads and prospects.