Vancouver, BC – January 29, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce today that, further to its news releases dated January 5, 2026 and January 15, 2026, it has closed a second upsize of its non-brokered private placement (the “Offering”) for gross proceeds of CAD $3,275,350, through the sale of 8,188,375 units (each, a “Unit”) at a price of $0.40 per Unit. Each Unit is comprised of one common share (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share (each, a “Warrant Share”) of the Company at an exercise price of $0.50 per Warrant Share for a period of three (3) years following the closing of the Offering. The Units, Shares, Warrants, and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day, expiring May 30, 2026.

The net proceeds from the Offering will be used to fund the procurement of long-lead items pursuant to the start of the 2026 drilling program, ongoing technical resource evaluation of the Kiskunhalas Concession Area, support of the Joint Venture process for the BA-IX tight-gas field, and for general corporate purposes.

Dr. Paul Clarke, CEO of CanCambria, stated: “We are very pleased to announce the successful close of our twice-upsized private placement and are grateful for the continued support of our existing shareholders, as well as the strong interest from new investors joining CanCambria. In addition, the offering included participation by management and key company associates who collectively purchased shares representing approximately 5% of the Units offered. This financing positions the Company well as we continue preparations to initiate the Kiskunhalas Project drilling program. The proceeds will be used to secure long-lead time items critical to advancing our development plans. We appreciate the confidence our shareholders have placed in our strategy, and we look forward to delivering meaningful progress this year.”

The Company paid a cash finder’s fee of $156,924 and issued 392,310 non-transferable finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder to acquire one common share (the “Finder’s Warrant Shares”) at a price of $0.50 per Finder’s Warrant Share, expiring January 29, 2029. Other than being non-transferable, each Finder’s Warrant is otherwise on the same terms as the Warrants. The Units, Shares, Warrants, Warrant Shares, Finder’s Warrants, and Finder’s Warrant Shares are collectively referred to herein as the “Securities”.

The Units were offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 – Prospectus Exemptions. 

Insiders of the Company participated in the Offering and purchased a total of 250,000 Units, which constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101, on the basis that participation in the Offering by Insiders would not exceed 25% of the fair market value of the Company’s market capitalization.

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