Response to Media Report

Key points

• Elixir Energy responds to media report on Beach Energy targeting core gas assets
• Process Deed signed with Beach Energy for potential strategic farm-in
• Negotiations ongoing, no assurance of transaction
• Elixir to keep shareholders informed of developments

Full summary

Elixir Energy Limited (ASX: EXR) has responded to a media report published in The Australian, titled 'Beach Energy targets Elixir's core gas assets'. The article refers to a Process Deed signed by Elixir and Beach Energy on 21 August 2026, which provides a period of exclusivity, due diligence, and negotiations for a potential strategic farm-in to Elixir's Taroom Trough portfolio. The exclusivity period runs until 1 October 2026. Elixir emphasizes that there is no assurance that these negotiations will result in a transaction. The Board will inform shareholders of any material developments as per the Company's continuous disclosure obligations under the ASX Listing Rules.