• Registered direct institutional entitlement offer of Common Stock
• Concurrent underwritten public offering of 2,956,602 shares
• Proceeds to fund additional drilling, resource delineation, and general corporate purposes

Tamboran Resources Corporation has announced the commencement of a registered direct institutional entitlement offer of Common Stock pursuant to an effective registration statement filed with the Securities and Exchange Commission (SEC). The entitlement offer is being made to 'qualified institutional buyers' within the meaning of Rule 144A under the Securities Act of 1933, as well as to eligible existing holders of Common Stock or CHESS Depositary Interests (CDIs) outside the United States. Concurrently, the company is conducting a separate underwritten public offering of 2,956,602 shares of Common Stock (or 3,400,093 shares if the underwriters' option is exercised in full). The underwritten offering is a separate offering, and its completion is not conditioned on the completion of the entitlement offer, and vice versa. The company intends to use the net proceeds of the offerings to fund additional drilling in the Pilot Area, resource delineation in the Orion Acreage and the Beetaloo Central Development Area, drilling in the EP 161 acreage, as well as for working capital and other general corporate purposes. RBC Capital Markets, LLC is acting as the exclusive placement agent for the offering.