Mr. Craig Steinke reports

BLUENERGIES ANNOUNCES DTC ELIGIBILITY, ENGAGEMENT OF MARKET MAKER AND INITIATION OF RESEARCH COVERAGE

Bluenergies Ltd.'s common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC).

A subsidiary of the Depository Trust & Clearing Corp. (DTCC), DTC handles electronic clearing and settlement for publicly traded companies. DTC eligibility is expected to simplify the trading of the company's shares, making it more efficient for investors and brokers, and enhance liquidity in the United States. With DTC eligibility, the company's shares can now be traded across a wider network of brokerage firms, accelerating the settlement process and improving access for a broader range of investors.

"Obtaining DTC eligibility marks an important step in expanding BLU's investor base and enhancing accessibility for shareholders," said Craig Steinke, chief executive officer of Bluenergies. "For investors, DTC eligibility is a key milestone that streamlines electronic trading and supports improved liquidity, which is especially important as we advance the development of our assets in the Harper basin, Liberia and Gulf of America, and continue to build long-term value across our portfolio."

The company's shares recently began trading on the OTCQX Best Market under the ticker BLUGF. DTC eligibility represents a central component of the company's capital markets strategy, intended to modernize share transfer protocols and improve market efficiency for North American investors.

Engagement of market-maker

The company is also pleased to announce that, subject to regulatory approval, it has engaged the services of Independent Trading Group (ITG) Inc. to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade shares of the company on the TSX-V and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.

The agreement is dated Jan. 8, 2026, and is for an initial term of one month and will renew for additional one-month terms unless terminated. Under the agreement, ITG will receive compensation of $6,000 per month, payable monthly in advance. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest in or right to acquire, directly or indirectly, the securities of the company.

ITG is a Toronto-based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultralow-latency connectivity and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

Initiation of research coverage by Granite Point Research Inc.

The company further announces it engaged Granite Point to provide company-sponsored equity research and investor awareness, including the preparation and distribution of independent research activities, for a period of one year. The agreement is dated March 2, 2026. In consideration of the services, the company will pay Granite Point a fee of $10,000 each calendar quarter, in arrears. Granite Point is located at 100 King St. W, Suite 5600, Toronto, Ont., Canada, and is an arm's-length service provider to the company. Granite Point does not offer investment banking services to its clients, and its employees do not serve as officers or directors of covered companies. Granite Point's employees do not own, trade or have a beneficial interest in the securities of covered companies. The engagement remains subject to the approval of the TSX Venture Exchange.

About Bluenergies Ltd.

Bluenergies is a Canadian-based oil and gas exploration and development company focused on offshore West Africa. The company has recently partnered with TotalEnergies to explore its basin floor fan plays in blocks LB-26, LB-30 and LB-31, covering an area of approximately 8,924 square kilometres (approximately 2.2 million acres) located in the Harper basin, in the deepwater offshore Liberia. Additionally, the company recently acquired a previously discovered and tested sand channel play offshore Louisiana in the shallow water Gulf of America.

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