Sound Energy has reported that ONHYM has now agreed, in place of the 18-month extension previously announced by the Company, on a longer 24-month extension to the initial period of the Anoual Exploration Permits, due to Force Majeure, ending on or about 7 January 2025. Subject to Ministerial approval, the length of the Anoual Initial Period will therefore now be 7 years and 4 months, commencing on or about 8 September 2017 and ending on or about 7 January 2025. The amended work programme commitments for the Initial Period remain as announced on 30 April 2024 and have historically been fully satisfied.

In addition, in reflecting the extension to the Initial Period and subject to Ministerial approval, ONHYM has also agreed an extension to the expiry of the Anoual Complementary Period (of the existing 3 years and 8 months) is to conclude on or about 7 September 2028. As a result of ONHYM's agreement to the further extension to the Initial Period and the extension to the conclusion of the Anoual Complementary Period, the Company confirms that it intends to progress the application to enter the Anoual Complementary Period on these revised terms.