New Zealand Energy Corp. Provides Corporate Update

Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to provide a corporate update regarding PML 38138 (Tariki) in New Zealand, which is held through the Tariki joint venture between NZEC Tariki Limited (operator, 50%) and L&M Energy Limited (50%). The Tariki Petroleum Mining Licence has been formally extended for a further five-year term by New Zealand Petroleum & Minerals ("NZP&M") and will now expire on July 20, 2031.