CanCambria Energy’s Flagship Deep Gas Project NPV10 Rises to $2.04 Billion on Strong European Prices and Updated Resource Evaluation

### CanCambria Energy Announces Significant Valuation Increase for Hungarian Deep Gas Project

**VANCOUVER, BC — August 10, 2026** — CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) has announced a substantial increase in the independent contingent resource evaluation for its deep gas project in southern Hungary. The project is located within the Company’s 100% working interest BA-IX Mining Plot and Kiskunhalas Concession Area (KCA).

The updated independent resource evaluation report, dated July 1, 2026, with an effective date of June 30, 2026, was prepared by Chapman Hydrogen and Petroleum Engineering Ltd (CHPE) in accordance with the Canadian Oil and Gas Evaluation (COGE) Handbook. The revised evaluation incorporates a higher long-term European natural gas price assumption of $12.00/MMBtu (TTF) and projects first gas production to begin in mid-2027.

#### Key Highlights:
* **NPV10 Increase:** The estimated net present value discounted at 10% (NPV10) for the Company’s base-case, risked 2C “Development Pending” contingent resource increased by 16%, rising from $1.762 billion to $2.04 billion (an increase of US$278 million).
* **Unchanged Resource Volume:** The risked recoverable best estimate for the 2C “Development Pending” sub-class remains unchanged at 571.9 Bcf of natural gas and 59.6 MMbbl of condensate (assigned an 80% chance of development by CHPE).
* **Total Combined Resources:** Across all classes net to the Company, the combined best estimate 2C contingent resources stand at 1.1 trillion cubic feet of natural gas and 116.6 million barrels of condensate.
* **Development Plan:** The updated field model targets first production in mid-2027, with full field development accelerating in 2028 to six wells per year across an inventory of 112 wells.

#### Market Context and Conservative Pricing
The valuation adjustment reflects a strong outlook for European natural gas prices driven by geopolitical uncertainties, tightening supplies, and heightened concerns over European energy security.

To reflect these conditions, CHPE raised its long-term gas price assumption from US$10.00/MMBtu to US$12.00/MMBtu. This model remains highly conservative, sitting approximately 40% below current European day-ahead spot prices of US$18.50/MMBtu and well below the trailing six-month and five-year averages of over US$15.00/MMBtu. The evaluation continues to use a Brent crude oil price assumption of US$65.00 per barrel.

#### Management Commentary
Dr. Paul Clarke, President and Chief Executive Officer of CanCambria, commented:
> “The updated independent resource evaluation demonstrates the significant leverage our Kiskunhalas Project has to long-term European natural gas prices. The increase in the Kiskunhalas Project’s NPV10 highlights the value created by a stronger pricing environment while continuing to reflect conservative long-term commodity price assumptions. As one of the largest undeveloped onshore gas projects in Central Europe, we believe the Kiskunhalas Project is well positioned to benefit from Europe’s growing focus on secure domestic energy supplies. We remain disciplined in advancing our Kiskunhalas Project while focused on unlocking its substantial value for our stakeholders, with multiple near-term growth catalysts on the horizon.”

The complete updated resources evaluation report is available for download on SEDAR+.