New Era Energy & Digital Refutes Fuzzy Panda Short Seller Report As Inaccurate, Urges Investors To Rely On SEC Filings; CEO E. Will Gray II Affirms Shareholder Focus And Project Momentum

New Era Energy & Digital, Inc. (NASDAQ:NUAI) ("New Era" or the "Company"), a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, today issued the following statement in response to a December 11 report by Fuzzy Panda Research an anonymous short seller activist group that has attempted to realize gains if the share price of New Era declines.

The Company believes the claims made by Fuzzy Panda are factually inaccurate and an attempt to mislead investors about New Era's actual operations, financial position and status of the Company's various projects. The Company urges investors to rely on its SEC filings and formal disclosures.

E. Will Gray II, CEO of New Era Energy & Digital, commented: "We are a shareholder focused company and have kept investors updated with our project status via multiple channels. We take false claims against our company seriously and especially when it is to mislead and manipulate the market. We have had no interaction with Fuzzy Panda. Management and our board remain steadfast in developing and moving our project forward with several key announcements to come in the coming weeks."