Trading Sign: NWX (TSX-V)
VANCOUVER, BC, March 2, 2026/ CNW/ – Newport Expedition Ltd (” Newport” or “the Business”) reports the invoice of its after tax 2.5% Gross Overriding Royalty (” GOR”) payment from Beach Energy Ltd. (” Beach”) for the November 2025– January 2026 quarter. Gross royalty earnings for the quarter was AUD$ 365,030. The AUD$ 255,521 payment gotten by Newport is net of 30% Australian withholding tax (AUD$ 109,509).
Business Financial Status
Newport has around CDN$ 3.0 million in its Treasury, consisted of money, money equivalents and short-term financial investments, and has no financial obligation.
About Newport
Newport has a 2.5% GOR over licences in the Cooper Basin, Australia, run by Beach. There is no time at all limitation or expiration date on the GOR possessions, and no charge to the Business to keep them.
The Business presently has 105,579,874 typical shares released and exceptional.
Neither the TSX Endeavor Exchange nor its Guideline Solutions Service Provider (as that term is specified in the policies of the TSX Endeavor Exchange) accepts duty for the precision or adequacy of this press release.
Cautionary Declaration on Forward-Looking Info
The Business disclaims any objective or commitment to upgrade or modify any positive declarations whether as an outcome of brand-new info, future occasions or otherwise, other than to the level needed by relevant laws.
© 2026 Newport Expedition Ltd.
SOURCE Newport Expedition Ltd.
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