New Zealand Energy Corp. Provides Corporate Update

Rhea-AI Summary

New Zealand Energy Corp. (OTC: NZERF) granted stock options to certain directors, officers and employees to purchase up to 3,250,000 common shares. The Options are exercisable at C$0.45 per share, vest immediately and expire five years from grant.

The grant is described as aligning management and staff interests with shareholders and providing long-term incentives tied to company performance.

Positive

• 3,250,000 options granted to align management and shareholder interests
• Options vest immediately, delivering immediate alignment of incentives
• Five-year term provides a multi-year incentive horizon

Negative

• Potential dilution of up to 3,250,000 common shares if all options are exercised
• Immediate vesting reduces future service-based retention leverage for shareholders

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announces that it has granted stock options (the "Options") to certain directors, officers, and employees of the Company to purchase up to an aggregate of 3,250,000 common shares in the capital of the Company (the "Common Shares").

The Options are exercisable at a price of C$0.45 per Common Share for a period of five (5) years from the date of grant. The Options vest immediately upon grant and are subject to the terms and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange.

The grant of Options is intended to align the interests of management, directors, and staff with those of shareholders and to provide long-term incentives linked to the growth and performance of the Company.

About New Zealand Energy Corp.

NZEC is a publicly listed energy company focused on the development of oil, gas, and gas-storage opportunities in New Zealand. The Company holds interests in multiple heritage assets and development-stage projects, including the Tariki Gas Storage Project in Taranaki. With a 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com.

For further information:

Toby Pierce, Chief Executive Officer
Email: info@newzealandenergy.com
Website: www.newzealandenergy.com

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

Forward-Looking Statements

This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this release include, but are not limited to, statements regarding the intended alignment of interests between management and shareholders, the anticipated benefits of the Option grant, and the Company's future growth and performance.

Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Accordingly, readers should not place undue reliance on forward-looking statements. NZEC does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws.

This release is for information purposes only and does not constitute an offer or solicitation to buy or sell any securities. Technical and operational information is preliminary, subject to change, and may depend on future study results, commercial negotiations, and regulatory approvals.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285315

FAQ

What did New Zealand Energy Corp (NZERF) announce on February 25, 2026 about stock options?

They granted options to purchase 3,250,000 common shares at C$0.45 each. According to the company, the Options vest immediately and expire five years from the grant date.

How could the February 25, 2026 option grant affect NZERF shareholders?

The grant could create potential dilution of up to 3,250,000 shares if exercised. According to the company, the Options align management incentives with shareholder performance.

What are the exercise price and term for NZERF's February 25, 2026 options?

The Options are exercisable at C$0.45 per share for a period of five years. According to the company, they vest immediately upon grant.

Who received the options granted by New Zealand Energy Corp on February 25, 2026 (NZERF)?

Options were granted to certain directors, officers and employees of the company. According to the company, the grant is intended to align interests with shareholders.

Do NZERF's February 25, 2026 options vest immediately or over time?

The Options vest immediately upon grant. According to the company, immediate vesting is part of the award terms and subject to the company's stock option plan and TSXV policies.