Mr. Doug Bartole reports

INPLAY OIL CORP. ANNOUNCES CLOSING OF HIGHLY ACCRETIVE ACQUISITION

InPlay Oil Corp. has acquired a private oil and gas producer for cash consideration of $54.25-million, prior to closing adjustments. Further details regarding the acquisition can be found in InPlay's press release dated Aug. 5, 2026.

The acquisition adds approximately 1,400 barrels of oil equivalent per day (85 per cent light oil and NGLs (natural gas liquids)), bringing InPlay's total Belly River production to approximately 2,000 barrels of oil equivalent per day and total corporate production to approximately 20,100 barrels of oil equivalent per day (63 per cent light oil and NGLs). InPlay has identified 50 drilling locations on the acquired assets, including over 10 years of Tier 1 drilling inventory. The acquisition was completed at 2.0 times net operating income and delivered annualized per-share accretion of 18 per cent to both adjusted funds flow and free adjusted funds flow (FAFF), 12 per cent to oil production per share, and 9 per cent to funds flow per barrel netback.

Advisers

ATB Capital Markets acted as financial adviser to InPlay with respect to the acquisition. Burnet, Duckworth & Palmer LLP acted as legal counsel to InPlay with respect to the acquisition.

About InPlay Oil Corp.

InPlay Oil is a growth-oriented, sustainable oil and gas producer focused on long-term value creation for its shareholders. The company's operations are centred in the Western Canadian sedimentary basin, where InPlay holds a diverse portfolio of oil and natural gas assets. InPlay is committed to delivering strong per-share growth, maintaining a disciplined approach to capital investment and providing consistent returns to shareholders.

We seek Safe Harbor.