CGX Energy Announces Extension of US$2.5 Million Senior Secured Loan Facility

(TSXV:OYL) CGX Energy Inc. announced that its wholly owned subsidiary, CGX Resources Inc., has entered into an amendment with Frontera Energy Guyana Holding Ltd., a wholly owned subsidiary of Frontera Energy Corporation, to extend the maturity date of its existing US$2.5 million senior secured loan facility by one year. The maturity date of the loan is now October 31, 2027, instead of the original October 31, 2026. The loan was originally entered into on October 31, 2025, to support CGX's working capital and general corporate expenditures. All other terms and conditions of the loan remain unchanged, including the interest rate of 19.32% per annum and the existing security and guarantee arrangements. The extension provides CGX with additional time to address its financing requirements. The company continues to evaluate funding alternatives to support its operations. CGX is engaged in the ownership and operation of the Berbice River Port and related logistics facilities in Guyana. The company also manages oil and gas interests in the Guyana-Suriname Basin. The announcement reiterates that the extension is intended to support ongoing operations and financial obligations. The company notes that all other terms of the loan, including security and guarantee arrangements, remain unchanged. The company highlights its ongoing evaluation of funding alternatives. The announcement includes forward-looking statements regarding the company's ability to secure additional financing, the availability and timing of future funding, and its ability to meet financial obligations and support ongoing operations.