Mr. Mike Irmen reports

IRONMAN ANNOUNCES GRANT OF OPTIONS AND RSUS AND PROVIDES MESSAGE FROM CEO

Ironman International Ltd. has granted a total of 5,155,000 stock options to certain directors, officers, employees and consultants of the company pursuant to the company's stock option plan. The options are each exercisable to purchase one common share of the company at an exercise price of 10 cents for a period of three years from the date of grant. All options vest immediately.

The company has also issued a total of 1.1 million restricted share units to a consultant of the company pursuant to the company's equity incentive compensation plan. Each RSU entitles the holder to be issued one common share on vesting. The RSUs will vest one year from the grant date.

Message from chief executive officer

The company is pleased to provide the following message from its chief executive officer, Mike Irmen, following the completion of the company's acquisition of 1097195 B.C. Ltd. and Ironman Directional Drilling U.S. Inc. on Sept. 26, 2025.

"The acquisition marks a significant step forward in strengthening our operational platform, advancing our growth strategy and positioning the company for long-term value creation. This milestone represents far more than a corporate transaction. It marks a decisive turning point. As we move forward, we are building on a refreshed vision, underpinned by a motivated, highly capable and experienced leadership team.

"Having built and led Ironman Directional Drilling from the ground up, I am honoured to continue that growth in the role of chief executive officer of the company. I do so with absolute conviction that our brightest days are ahead. The combination of a scalable public company platform with more than 25 years of private-sector operational expertise provides us with a unique competitive advantage. We have the agility to adapt quickly when markets shift, regulations evolve or major project opportunities emerge --delivering solutions that many competitors are simply unable to quote, let alone execute.

"Our success is never driven by one individual. It is the result of the exceptional people who power this company every day. Our team embodies a rare combination of determination, creativity, accountability and pride in their work. Our ability to outthink, outwork and outdeliver competitors is what sets us apart in this industry.

"As we enter this next phase, my commitment to you is clear: relentless execution, bold innovation, disciplined expansion and unwavering focus to build enduring shareholder value.

"The future begins now. Thank you for your continued confidence and support as we embark on what we are determined to achieve."

Chief operating officer Bob Scott commented: "I am excited about the acquisition and the new opportunities it has created. We have a very strong work force, a positive working environment and a tremendous can-do attitude when faced with project challenges.

Chief financial officer Linda Han added: "Completing the acquisition is a defining milestone for our company and our shareholders. It strengthens our capital base, expands our market reach and positions us for sustainable long-term growth. We remain firmly committed to transparent disclosure, strong governance standards and protecting shareholder interests."

We seek Safe Harbor.