Coelacanth Energy Increases Previously Announced Bought Deal Public Offering to C$80M

Calgary, Alberta--(Newsfile Corp. - April 17, 2026) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that due to strong demand, it has entered into an agreement to increase the size of the previously announced bought deal public offering of common shares with a syndicate of underwriters co-led by Haywood Securities Inc. and Roth Canada, Inc. (the "Co-Lead Underwriters"), as joint bookrunners, and including ATB Capital Markets Corp., Acumen Capital Finance Partners Limited, TD Securities Inc. and Ventum Capital Markets as co-managers (such syndicate of underwriters, together with the Co-Lead Underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 97,560,980 common shares in the capital of the Company (the "Common Shares") at a price of C$0.82 per Common Share (the "Offering Price") for gross proceeds to the Company of C$80,000,003.60 (the "Offering"). The Offering is no longer subject to an over-allotment option.