Journey Generates $18.5 Million of Net Income in the Second Quarter of 2026

Calgary, Alberta--(Newsfile Corp. - August 6, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2026. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.com and on the Company's website www.journeyenergy.ca.

Highlights for the second quarter are as follows: * Generated sales volumes of 10,017 boe/d in the second quarter (51% crude oil; 11% NGL's; 38% natural gas) * Recorded $18.5 million in net income or $0.27 per basic share and $0.26 per diluted share. * Realized Adjusted Funds Flow of $18.4 million or $0.27 per basic share and $0.26 per diluted share. * Brought on-stream 4 (1.2 net) Duvernay light oil wells late in the quarter from the 06-04-043-03W5 drilling pad. Production results from these wells are averaging IP30 rates of approximately 1,115 BOE/d and 84% liquids per well (855 BBL/d of crude oil, 80 BBL/d of NGLs, and 1.1 MMcf/d of natural gas). * Closed on the disposition of 950 boe/d (100% natural gas), the Countess power generating facility, and $20 million of decommissioning obligations on June 1 for proceeds of $7.0 million. * On June 24, 2026, Journey's Gilby Power Plant made its first power sales to the distribution grid. Subsequent Events: * Completed drilling on the 01-19-43-03W5 pad. 5 (1.5 net) Duvernay wells are awaiting completion. Began completing 3.0 (0.3 net) wells on the 04-20-41-03W5 pad. Began drilling 4 (1.2 net) wells on the 02-22-42-04W5 pad. In total, Journey is participating in the completion of 3 (0.3 net) wells and has 6 (1.8) net wells drilled, cased, and awaiting completion. Financial & Operating Highlights