Mr. Doug Bartole reports

INPLAY OIL CORP. COMPLETES $242 MILLION BOND OFFERING

InPlay Oil Corp. has completed its previously announced offering of 550 million new Israeli shekels (NIS) ($242-million) principal amount of senior unsecured bonds in Israel. The bonds bear interest at a rate of 6.23 per cent per annum and are due Dec. 15, 2030.

InPlay is also pleased to announce that it has completed the listing of its common shares and the bonds on the Tel Aviv Stock Exchange (TASE). The common shares and the bonds are expected to commence trading on the TASE on Feb. 11, 2026, under the symbols IPO and IPO.B1, respectively.

InPlay intends to use the net proceeds from the offering to repay the amount owing under the company's $110 million two-year amortizing term loan ($93.0-million as at Dec. 31, 2025), temporarily reduce, on a non permanent basis, amounts drawn under the company's approximately $190-million revolving credit facility ($129.1-million as at Dec. 31, 2025), to pay transaction expenses and/or for general corporate purposes.

The bonds are denominated in NIS and interest will be payable semi-annually. In addition, three amortization payments of 6 per cent of the principal amount of the bonds will be due on Dec. 15 of 2027, 2028 and 2029. Payment of principal and interest will not be linked to Canadian dollars. InPlay may, subject to certain conditions, at any time no earlier than 60 days after the bonds are listed on the TASE and at its sole discretion, redeem the bonds in a full or partial early redemption. InPlay intends to be proactive in hedging its exposure to fluctuations in the Canadian dollar to NIS exchange rate.

About InPlay Oil Corp.

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands. The common shares trade on the Toronto Stock Exchange under the symbol IPO and the OTCQX Exchange under the symbol IPOOF.

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