Mr. Deven Soni reports

MATADOR ACQUIRES 5 BITCOIN FOR CAD$810,733, BRINGING ITS TOTAL BITCOIN (AND BITCOIN EQUIVALENT) HOLDINGS TO 82

Matador Technologies Inc. has acquired an additional five bitcoin for $810,733 ($579,188 (U.S.)). The five bitcoin were acquired through Coinsquare (owned by Wonderfi Technologies Inc.) at an average price of $115,933 (U.S.) per bitcoin, inclusive of fees and expenses, consistent with the company's strategy to maintain bitcoin as a core treasury asset.

Following this transaction, Matador's holdings total approximately 82 bitcoin (and bitcoin equivalents). The company continues to prioritize long-duration reserve assets and views bitcoin as its preferred reserve instrument. In addition to deploying cash on hand for this purchase, Matador has filed an amended and restated preliminary short form base shelf prospectus for $500-million on Oct. 6, 2025, and is progressing toward the closing of a $100-million (U.S.) secured convertible note facility (the facility) with ATW Partners. Subject to applicable regulatory approvals and final documentation, these instruments are expected to provide additional flexibility to scale the company's bitcoin position. Matador's long-term objective remains to maximize bitcoin per share and, over time, target ownership of approximately 1 per cent of bitcoin's fixed 21-million-coin supply.

"We funded this purchase from existing cash while preserving our shelf capacity and note facility for future opportunities," said Deven Soni, chief executive officer of Matador Technologies. "We continue to execute toward our previously disclosed targets of 1,000 BTC by 2026 and 6,000 BTC by 2027, and we will remain opportunistic in allocating capital -- particularly during periods of market softness when we can effectively 'buy the dip' in a disciplined manner."

"This acquisition advances our reserve strategy to grow bitcoin per share," said Mark Moss, chief visionary officer of Matador Technologies. "We intend to continue increasing our bitcoin position in alignment with the broader shift toward sound monetary assets."

As Matador advances its growth plan, the company remains focused on prudently expanding its bitcoin treasury and leveraging blockchain infrastructure to support long-term stakeholder value.

About Matador Technologies Inc.

Matador Technologies is a publicly traded bitcoin ecosystem company focused on holding bitcoin as its primary treasury asset and building products to enhance the bitcoin network. Matador's strategy combines strategic bitcoin accumulation, bitcoin-native product development and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

Matador has expanded its international exposure through an agreement to acquire up to a 24-per-cent interest in HODL Systems, an India-based digital asset treasury company. If completed, the investment would provide Matador with minority ownership in a market with increasing digital asset activity.

The company maintains a bitcoin-first approach and continues to evaluate product initiatives intended to support activity on the bitcoin network. Matador's objective is to allocate capital prudently, pursue opportunities that fit its mandate and focus on long-term shareholder value.

We seek Safe Harbor.