Overview of ADX Energy's A$13.5 Million Institutional Placement

ADX Energy Ltd (ASX: $ADX) has received firm commitments from sophisticated, institutional, and professional investors to raise A$13,500,000 through the issue of 128,571,429 new fully paid ordinary shares at an issue price of A$0.105 per share. The placement will take place in two tranches, with the funds to be utilized for the evaluation and testing of the Welchau gas condensate discovery, the ongoing development of the Anshof oil field, and further gas exploration in Upper Austria.

Executive Commentary on Institutional Placement

The Board of ADX is delighted by the strong support for the placement and welcomes a number of new institutional and family office investors to the register. The level of investor support is an endorsement of the Company's exceptional growth opportunities in the heart of energy-starved Europe. The funds raised enable ADX to confidently pursue a very active program, including testing the Welchau-1 discovery, drilling an oil development well at Anshof, drilling a further gas exploration well in Upper Austria, and potentially deepening the Welchau-1 discovery well to access further, deeper exploration potential.

Summary of A$13.5 Million Institutional Placement and Future Plans

ADX Energy Ltd (ASX: $ADX) has successfully secured A$13.5 million through firm commitments from institutional and sophisticated investors. The placement, conducted in two tranches, will provide significant balance sheet strength to progress an extensive exploration and development program in Austria. The funds will be utilized for the evaluation and testing of the Welchau gas condensate discovery, the ongoing development of the Anshof oil field, and further gas exploration in Upper Austria. The Board's confidence in the placement reflects the Company's exceptional growth opportunities in Europe. The upcoming activities include testing the Welchau-1 discovery, drilling an oil development well at Anshof, drilling a further gas exploration well in Upper Austria, and potentially deepening the Welchau-1 discovery well to access further, deeper exploration potential.