Mr. Michael Irmen reports

IRONMAN ANNOUNCES AMENDMENT TO LOAN TERMS

1097195 B.C. Ltd., a wholly owned subsidiary of Ironman International Ltd., has amended the terms of an existing loan with 599837 B.C. Ltd. in the principal amount of $1,401,632.29.

The amendment provides that interest shall accrue on the principal amount at a rate of 8 per cent per annum, effective as of Sept. 26, 2025. The amendment further provides that the existing loan will mature and become due and payable on Nov. 30, 2026. If the principal amount and all accrued interest are not repaid on Nov. 30, 2026, the existing loan will become due and payable on demand, and will continue to bear interest until paid in full, without such failure to repay constituting a default.

The proceeds of the existing loan were used for the purchase of vehicles and equipment. No securities of the company will be issued in connection with the existing loan or the amendment.

Multilateral Instrument 61-101

The amendment constitutes a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as Mike Irmen is a director of the company and a director and shareholder of the lender. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the transactions did not exceed 25 per cent of the fair market value of the company's market capitalization. The company did not file a material change report more than 21 days before the entering into of the amendment as the terms of the amendment were not settled until shortly prior to execution and the parties wished to close the amendment on an expedited basis for sound business reasons.

About Ironman International Ltd.

Established in 1999, Ironman is a leading North American provider of horizontal directional drilling and trenchless infrastructure services, operating 24-seven to support residential, commercial, industrial and utility clients. The company specializes in delivering cost-effective, low-impact underground installation solutions across a broad range of applications, including telecommunications, electrical, water and sewer, oil and gas, geothermal, and irrigation systems. With a modern fleet of specialized equipment and an experienced technical team, Ironman is capable of executing complex projects across diverse and challenging environments, including lakes, rivers, coastal and nearshore marine installations, rail corridors, roadways, and highways. The company also provides complementary services designed to enhance efficiency, maintain safety standards, and ensure projects are completed on time and on budget. The common shares of Ironman are listed on the TSX Venture Exchange and trade under the symbol IMI and trade on the OTCQB Venture Market under the symbol IMITF.

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