Mr. Dan Sutton reports

SYNTHOLENE ENERGY CORP. APPOINTS FORMER SUNCOR, SHELL OPERATIONS EXECUTIVE MARC MAGEAU TO ADVISORY BOARD

Syntholene Energy Corp. has appointed Marc Mageau to the company's advisory board. Mr. Mageau brings more than three decades of oil and gas leadership experience spanning refining, oil sands operations, supply chain logistics and large-scale industrial asset management. Throughout his career, he has held executive and senior executive positions at Shell and Suncor, where he developed a reputation for operational discipline, industrial execution and the management of complex energy infrastructure.

"I'm looking forward to joining Syntholene at this exciting time in their journey," said Mr. Mageau. "I believe that my years of operational experience can help grow their demonstration-scale footprint into commercial production capability."

"Marc brings decades of experience operating and optimizing some of North America's most operationally demanding liquid fuel production assets," stated Dan Sutton, chief executive officer of Syntholene. "His expertise in refining operations, infrastructure execution, logistics management and industrial scale-up provides valuable insight as Syntholene advances the commercialization of its thermally integrated synthetic fuel platform."

At Suncor, Mr. Mageau served in several senior leadership roles, including senior vice-president of oil sands operations, senior vice-president of supply chain and field logistics, vice-president of the Sarnia refinery, and senior vice-president of refining and logistics. His responsibilities included oversight of large-scale oil sands mining and upgrading operations, refinery systems, integrated logistics networks and fuel manufacturing infrastructure across North America.

Prior to Suncor, Mr. Mageau spent two decades at Shell in a range of operational, technical, commercial and leadership positions. His combined experience across both organizations provided him with extensive expertise in refining systems, maintenance optimization, turnaround execution, industrial supply chain management and complex energy infrastructure deployment.

Mr. Mageau is particularly recognized for his experience managing industrial organizations involving thousands of employees, contractors and interconnected operational systems. During his tenure at Suncor, he oversaw major oil sands and downstream infrastructure supporting the production of substantial volumes of synthetic crude oil and refined products across integrated energy operations.

His background combines engineering and operational expertise with executive-level strategic planning, organizational restructuring, capital allocation and industrial project execution across the hydrocarbon value chain.

About Syntholene Energy Corp.

Syntholene is actively commercializing its novel thermal hybrid production system for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, which the company seeks to manufacture at 70 per cent lower cost than the nearest competing technology today. The company's mission is to deliver the world's first truly high performance, low-cost and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene is constructing the world's first geothermally integrated high-temperature electrolysis demonstration facility in Husavik, Iceland. Construction of the demonstration facility is expected to be completed in June, 2026.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emission steel refining, process engineering and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral e-fuels across global markets.

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