Mr. Archie Nesbitt reports

MARKSMEN ENERGY INC. ANNOUNCES PROPOSED CONSOLIDATION

Marksmen Energy Inc. plans to seek shareholder approval for a consolidation of its common shares on the basis of one postconsolidation common share for up to every 40 preconsolidation common shares, with the final consolidation ratio to be determined by the board of directors of the corporation, subject to regulatory approval.

The corporation currently has 211,398,380 common shares issued and outstanding. Assuming the consolidation is completed on a 1:40 basis, it is expected that the corporation will have approximately 5,284,960 common shares issued and outstanding. The corporation wishes to reduce the outstanding common share amounts to keep in line with other listed issuers on the TSX Venture Exchange. The corporation believes that, if implemented, the consolidation will promote increased liquidity and reduced volatility in the trading of the common shares.

The consolidation will be proposed to the shareholders of the corporation at the annual general and special meeting of shareholders being held on Wednesday, Feb. 25, 2026. The board believes it is in the best interests of the corporation to pursue the consolidation. The board also believes the change in price per common share as a result of the consolidation will be more attractive to future investors. The corporation's name and trading symbol will not be changed in conjunction with the consolidation.

Further details regarding the consolidation are described in the corporation's management information circular dated Jan. 14, 2026, which will be available on SEDAR+ today.

We seek Safe Harbor.