Africa Energy closes C$ 6.3 million private placement of 47,000,000 shares at C$ 0.135 each

• Africa Energy closed a non-brokered private placement of 47,000,000 common shares at C$ 0.14 each for gross proceeds of US$ 4.5 million.
• Hosken Consolidated Investments, via subsidiary Deepkloof, was the sole subscriber.
• Deepkloof now holds 223,852,000 shares, equal to about 42.5% of shares outstanding.
• Proceeds earmarked for working capital, development of the company’s interest in Block 11B/12B offshore South Africa.
• Shares carry Canadian resale restrictions until Dec. 5, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Africa Energy Corp. published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.