Trading Symbol: NWX (TSX-V)

VANCOUVER, BC, Sept. 3, 2024 /CNW/ - Newport Exploration Ltd ("Newport" or "the Company") is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty ("GOR") payment from Beach Energy Ltd. ("Beach") for the May 2024 – July 2024 quarter. Gross royalty income for the quarter was AUD$876,198. The AUD$613,339 payment received by Newport is net of 30% Australian withholding tax (AUD$262,859).

Company Financial Status

Newport has approximately CDN$2 million in its Treasury, comprised of cash, cash equivalents and short-term investments. As announced on August 9th, 2024, the Company has decided to postpone the next dividend payment pending the announcement of Beach's future plans.

About Newport

Newport has a 2.5% GOR over licences in the Cooper Basin, Australia, operated by Beach. There is no time limit or expiry date on the GOR assets, and no cost to the Company to retain them.

www.newport-exploration.com

www.beachenergy.com.au

www.santos.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this news release.

Cautionary Statement on Forward-Looking Information

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

© 2024 Newport Exploration Ltd.

SOURCE Newport Exploration Ltd.

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