Mr. Donato Sferra reports

MATADOR TECHNOLOGIES RECEIVES TSX VENTURE EXCHANGE CONDITIONAL APPROVAL FOR PROPOSED CREATION OF A NEW CLASS OF PREFERRED SHARES

Matador Technologies Inc. has received conditional acceptance from the TSX Venture Exchange in respect of a proposed amendment to the company's articles to create a new class of an unlimited number of preferred shares.

The exchange acknowledged receipt of the company's submission dated Aug. 19, 2026, and issued its conditional acceptance on Aug. 25, 2026. The amendment is presented to shareholders as Resolution No. 5 in the company's management information circular and remains subject to the approval of shareholders at the annual general and special meeting of shareholders to be held on Oct. 14, 2026, and to receipt of final acceptance from the exchange. The amendment will not become effective unless those approvals are obtained and articles of amendment are filed in accordance with applicable corporate law.

The holders of the preferred shares would have the following attributes, including but not limited to: (i) non-voting rights; (ii) priority over the common shares of the company; (iii) priority over the common shares upon a liquidation, dissolution or wind-up of the company; and (iv) eligibility to receive dividends in priority to the holders of any other class of shares of the company.

About Matador Technologies Inc.

Matador Technologies is focused on holding bitcoin as its primary treasury asset and building products to enhance the bitcoin network.

We seek Safe Harbor.