Mr. Etienne Moshevich reports

ATCO MINING SIGNS LETTER OF INTENT TO ACQUIRE STAQUE'S SUPER COMPUTING SOFTWARE PLATFORM - "SUPER"

Atco Mining Inc. has entered into a non-binding letter of intent (LOI), dated March 11, 2025, with Staque Computing FZ-LLC, an arm's-length party, to acquire the supercomputing software platform known as Super from Staque.

As per the LOI, it is contemplated that Atco will acquire the Staque assets in exchange for 100 million common shares of the company and the company will continue as a technology issuer with a focus on quantum computing. Final terms are currently being contemplated and negotiated and will be defined a final definitive agreement. If completed, the transaction will constitute a change of business and a fundamental change for the company within the meaning of the policies of the Canadian Securities Exchange.

About the Staque assets

Staque's quantum computing software platform, Super, combines quantum annealing, gate-based quantum computing and high performance computing to solve science and industry's most challenging problems. By automating complex problem solving and dynamically orchestrating computations across classical and quantum resources, Super removes traditional computational bottlenecks and enables organizations to solve high-stakes optimization challenges with unmatched efficiency.

Super aims to revolutionize the way government agencies, Fortune 500 enterprises and research institutions process, analyze and address complex computational challenges related to their operations and R&D (research and development). The technology offers speed, scalability and security, effectively bridging the gap between traditional computing limitations and the demands of industries at the forefront of innovation.

Super's proprietary solutions are designed to cater to organizations grappling with complex decision making across various sectors. From aerospace companies running advanced simulations to energy conglomerates analyzing intricate data sets and life sciences institutions accelerating R&D, Super empowers these entities to push the boundaries of what is possible.

Unlike pure quantum computing providers, Super offers a hybrid approach, seamlessly integrating AI-driven (artificial intelligence) optimization, high performance classical computing (HPC) and quantum computing under a unified platform. Super autonomously analyzes, decomposes and optimizes complex problems by intelligently leveraging natural language processing (NLP), AI-driven decision making and hybrid computing architectures. This ensures that each problem is solved using the most efficient computational method, balancing speed, accuracy and feasibility across classical and quantum resources.

Transaction conditions

Completion of the transaction remains subject to a number of conditions, including the completion of satisfactory due diligence, the negotiation and finalization of definitive documentation, receipt of any required regulatory, shareholder and third party consents, approval of the CSE, and the satisfaction of other customary closing conditions.

Readers are cautioned that the LOI does not bind the company to complete the transaction and will automatically terminate on April 15, 2025, in the event a definitive agreement cannot be reached. The transaction cannot close until the required approvals are obtained and the foregoing conditions satisfied. There can be no assurance that the transaction will be completed as proposed or at all.

Update on the Atlantic project

Atco would also like to announce that the option agreement entered into with Standard Uranium (Saskatchewan) Ltd. and Standard Uranium Ltd., dated Feb. 16, 2024, has been terminated. In connection with the termination, Atco has surrendered any interest in the Atlantic project.

About Atco Mining Inc.

Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is also exploring salt opportunities in western Newfoundland.

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