New Zealand Energy Corp. Reports Second Quarter 2024 Results

Wellington, New Zealand–(Newsfile Corp. – August 28, 2024) – New Zealand Energy Corp. (TSXV: NZ) (“NZEC” or the “Company”) today announced that it has filed its consolidated financial results for the second quarter of 2024 and a related management discussion and analysis report with the Canadian regulator. These documents are available on the Company’s website at www.newzealandenergy.com and on SEDAR at www.sedar.com.

Commenting on the company’s second quarter 2024 results, Chairman James Willis said: “The results showed a total loss of $2,100,963. (2023: loss of $1,385,085). There was an increase of $2,588,788 in cash held ($3,800,130 was held at the end of the quarter). Cash used in operating activities for the quarter was $1,541,045 (2023: used $292,118).”