IPB Petroleum Secures 143,368 Acres in Alaska’s Oil-Rich NPR-A Region

• Binding terms sheet executed for 143,368 acres of Alaskan leases including Umiat oil field
• Leases located near ConocoPhillips’ 700 million barrel Willow Project
• Placement to raise approximately $1.27 million for technical studies and working capital
• Acquisition expected to close by 31 January 2026, subject to due diligence and approvals