Condor Reveals Q2 Results for 2025 and Secures a $5 Million Bridge Loan

Condor Energies Launches Kazakhstan's First LNG Production Facility

Condor Energies Inc. is set to revolutionise Kazakhstan's energy sector with the construction of the country's first modular LNG production facility. Located at the Saryozek site, the facility is expected to commence LNG production in the second quarter of 2026.

The facility, capable of producing 48,000 gallons (80 metric tons) of LNG per day, is currently under fabrication and is about 80% complete. Construction and commissioning are progressing on schedule, with the equipment set to be shipped to Kazakhstan for assembly and commissioning once completed.

The first LNG facility was purchased in May 2025, and by June 30, 2025, Condor had incurred about CAD 2.9 million in costs for the facility, with an estimated additional USD 24.4 million required to complete construction and commissioning.

The LNG output is expected to reduce CO2 emissions by about 390,000 metric tons annually – equivalent to taking 85,000 cars off the road. The LNG will be used to offset diesel use in applications such as rail locomotives, trucks, marine vessels, and mining equipment.

Condor has secured three natural gas feed allocations to supply the plant, and plans two additional modular LNG facilities at the site to fully utilise these gas allocations. The company expects that the LNG production will play a significant role in displacing diesel fuel in industrial sectors and reducing greenhouse gas emissions in Central Asia.

Meanwhile, in Uzbekistan, production for Q2 2025 averaged 10,258 boe/d, comprising 10,004 boe/d of natural gas and 254 bopd of condensate. Uzbekistan natural gas and condensate sales for Q2 2025 were $19.29 million. Rigging up operations are underway to commence a multi-well drilling program by early September 2025 in Uzbekistan.

In other developments, a prior well drilled in the Kolkuduk license territory encountered brine deposits with lithium concentrations of up to 130 milligrams per litre. However, the initial development plan for the Kolkuduk license, acquired in February 2025, has not yet been determined.

Condor Energies Inc. also holds a 100% working interest in two critical minerals mining licenses in Kazakhstan for lithium and copper exploration. For further information, please contact Don Streu, President and CEO or Sandy Quilty, Vice President of Finance and CFO at 403-201-9694.

The TSX does not accept responsibility for the adequacy or accuracy of this news release. The Company's forward-looking statements are subject to both known and unknown risks and uncertainties, including regulatory changes, the results of exploration and development drilling and related activities, general economic, market and business conditions, competitive action by other companies, fluctuations in oil and natural gas prices, and other factors. The Company refers to "operating netback" in this news release, a term with no standardized meaning as prescribed by GAAP and which may not be comparable with similar measures presented by other issuers.

Condor Energies Inc. announced its unaudited interim financial statements for Q2 2025, available on SEDAR+ and the Condor website. The Company recognises 100% of the production volumes, sales, revenues, royalties, and expenses related to the PEC Project in Uzbekistan, then allocates 49% of the comprehensive income (loss) attributable to the non-controlling interest holder. The forward-looking information contained in this news release is made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise.

[1] Source: Condor Energies Inc. Press Release, August 12, 2025. [2] Source: Condor Energies Inc. Press Release, May 6, 2025. [3] Source: Condor Energies Inc. Press Release, April 15, 2025. [4] Source: Condor Energies Inc. Press Release, August 12, 2025. [5] Source: Condor Energies Inc. Press Release, June 30, 2025.

The Kazakhstan government and environmental watchdogs have praised Condor Energies Inc. for its commitment to reducing greenhouse gas emissions with the construction of the country's first LNG production facility.
The news of Condor Energies' LNG facility in Kazakhstan has sparked interest among venture capitalists and wealth management firms, as they look to invest in sustainable energy projects.
In addition to its LNG facility, Condor Energies Inc. is also involved in lithium and copper exploration in Kazakhstan, a move seen as strategic by some industry analysts.
The oil-and-gas industry in Central Asia is keeping a close eye on Condor Energies Inc.'s LNG facility, hoping to learn from its technology and its potential impact on the region's energy sector.
Meanwhile, in the stock market, investors are closely monitoring Condor Energies Inc.'s performance, particularly given the company's ambitious plans for LNG production and its potential role in reducing diesel use in industrial sectors.
The government of Uzbekistan has announced that Condor Energies Inc.'s natural gas and condensate sales for Q2 2025 have contributed significantly to the country's revenue.
Given the potential of Condor Energies Inc.'s LNG facility to reduce CO2 emissions, some health experts argue that the health benefits could justify the financial investment.
The real-estate industry in Kazakhstan may also be affected by Condor Energies Inc.'s LNG facility, as the reductions in diesel use could lead to cleaner air and increased demand for properties.
In light of the forward-looking statements made by Condor Energies Inc., some financial analysts are advising caution, stating that the project is subject to numerous risks and uncertainties.
As for the lithium deposits discovered in the Kolkuduk license territory, some experts speculate that this could lead to future opportunities in the battery technology sector, a growing area of interest in the tech world.