Prospera Energy Inc. Announces Executive Leadership Appointment and Key Financial Developments

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Calgary, Alberta, January. Nov. 09, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V:PEI, OTC:GXRFF) (“Thrive“,”Prince Edward Island“or”institution“)

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Leadership appointment
Prospera announces the appointment of Darren Jackson as Chief Operating Officer (COO) effective January 1^street2025. Darren will oversee the company’s day-to-day operations, strategic initiatives, regulatory compliance, field improvement programs, and drive operational excellence. Darren has over 25 years of experience in the oil and gas industry, bringing a wealth of knowledge and a proven track record of proven leadership.

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Line of credit
Prospera has completed its unit offering without a brokerage, for a total value of $900,000. Each Unit, at a price of $1,000 per unit, consists of: (1) a one-year secured promissory note in the principal amount of $1,000, bearing an annual interest rate of 12%, and (2) 5,000 warrants to purchase common stock of the Company exercisable at $0.05 for three years. Participants will be entitled to a 5% gross overriding royalty (GORR) per $1,000,000 of principal investment on revenues from all Prospera properties on additional production in excess of 1,363 barrels per day, calculated on a monthly average until the principal is repaid in full. GORR will be reviewed as a disposition by the TSXV and is subject to acceptance by the TSXV. Interest on the bonds will be accumulated and paid quarterly, accompanied by a 2% facility fee. Prospera intends to use the net proceeds to improve production and overall working capital. This offering is subject to acceptance by the TSX Venture Exchange.

Debt equity
Prospera has entered into an agreement to settle a trade-in consideration payable with a significant seller totaling $167,972 through the issuance of 3,359,434 common shares at a deemed price of $0.05 per share. The issuance of these shares is subject to acceptance by the TSX Venture Exchange. The shares will be subject to trading restrictions for a period of four months and one day from the date of their issuance. This transaction is considered a non-commercial transaction.

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Warranty modifications
Prospera announces amendments to the terms of 15,330,000 orders currently pending. The maturity date of the guarantees will be extended by one year from February 14^y2025, to February 14^y2026. In addition, the exercise price per order will be reduced from $0.09 to $0.06. This adjustment enhances the likelihood of exercise, allowing the company to raise investor capital to support expenditures that are critical to increasing production and associated cash flow. Revised terms are subject to acceptance by the TSX Venture Exchange.

About Prospera
Prospera Energy Corporation is a publicly traded Canadian energy company specializing in the exploration, development and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is committed to improving recovery from brownfields using safe and efficient reservoir development methods and production practices. The company’s core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Losland, Harts Hill and Brooks. Prospera Energy Inc. It is listed on the TSX Venture Exchange under the symbol PEI and on the US OTC market under GXRFF.

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For more information:

Shawn Mehler, public relations
Email: investors@prosperaenergy.com

Chris Luedtke, CFO
Email: cludtke@prosperaenergy.com

Shubham Garg, Chairman
Email: sgarg@prosperaenergy.com

Forward-looking statements

This press release contains forward-looking statements regarding the future operations of the Company and other statements that do not represent historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “expect,” “anticipate” and similar expressions. All statements other than statements of historical fact contained in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. Such statements cannot be guaranteed to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Because forward-looking statements address future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. These risks include, but are not limited to, risks associated with the oil and gas industry generally (e.g., operational risks in development, exploration and production; delay or change in plans in connection with exploration or development projects or capital expenditures; uncertainty about reserve estimates). certainty of estimates and forecasts relating to production, costs and expenditures, health, safety and environmental risks), fluctuations in commodity prices and exchange rates and uncertainties resulting from potential delays or changes in plans in connection with exploration or development projects or capital expenditures.

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The reader is cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated, as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond Prospera’s control. As a result, Prospera cannot guarantee that any forward-looking statement will come true, and the reader is cautioned not to place undue reliance on any forward-looking information. Although such information is considered reasonable by management at the time of preparation, it may prove incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and Prospera undertakes no obligation to publicly update or revise any included forward-looking statements, whether as a result of new information. , future events or otherwise, except as expressly required by Canadian securities law.

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 release.

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