Zenith Pure Oil participated in the exploration of a new oil field in Hungary

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the capital markets of the following:

Zenith Pure Oil, together with O&GD Central Kft. of Hungary ("OGD"), has successfully drilled a well in Central Hungary, near the settlement of Tura, after Zenith Pure Oil acquired a 49% interest in three exploration concessions previously won by OGD in the summer of 2023.

The new deposit is currently producing around 1,000 barrels of oil per day, which OGD and Zenith Pure Oil shares pro rata to their respective 51%-49% ownership stake. For Zenith Pure Oil, this represents about 500 barrels per day, which is circa 1% of the Zenith Pure Oil's average daily oil production in 2023.