Whitebark Energy Secures $2M to Acquire King Energy and Boost Hydrogen Ambitions

• Firm commitment to raise A$2 million via placement at A$0.0065 per share
• Placement includes 1:2 free attaching options exercisable at A$0.015, expiring March 2027
• Funds earmarked for soil geochemistry, 2D seismic surveys, and farm-out discussions
• Acquisition of King Energy grants access to 70% stake in Alinya Project, a major sub-salt resource in South Australia