Mr. Michael O'Connor reports

OCEANIC WIND RELEASES YEAR-END FINANCIAL RESULTS

Oceanic Wind Energy Inc. has released its financial results for the year ended Sept. 30, 2025.

An overview of Oceanic's year-end results includes:

• As at Sept. 30, 2025, Oceanic had $677,985 in cash, compared with $13,448 at Sept. 30, 2024. This cash position acknowledges the company receiving proceeds of $475,000 as the second instalment from the Oct. 1, 2024, sale of its subsidiary, NaiKun Wind Development Inc., and will be receiving proceeds of $475,000 as the final instalment on Oct. 1, 2026.
• For the fiscal year ended Sept. 30, 2025, Oceanic incurred a net income of $900,000 (one cent per share), compared with $600,000 (one cent per share) for the year ended Sept. 30, 2024.

On June 15, 2023, BC Hydro and the British Columbia government announced the strong demand for electricity has prompted the first of many renewable energy calls for power, which started with a spring 2024 power call for 3,000 gigawatt-hours of renewable electrical power, which incorporates first nations participation. At the June 15 announcement, the Premier of British Columbia was quoted: "The need for clean energy, including wind and solar power, in our province has accelerated ... we need to act now to meet this growing demand and to ensure we stay on track with our climate goals. ... But the big announcement for us today is that we are preparing to launch call for power to acquire clean electricity next spring. This will be informed by engagement with indigenous groups and stakeholders ... we'll need 3,000 gigawatt-hours per year."

At the January, 2025, British Columbia Natural Resources Forum in Prince George, Premier David Eby announced a $36-billion investment for community and regional infrastructure projects that will deliver clean, affordable electricity to people and businesses in the future. "We must expand our electrical system like never before, to power industrial development, to power our homes and businesses, to power our future," said Mr. Eby. "Clean, affordable energy will help us meet that opportunity while reducing pollution, securing good-paying jobs and creating new opportunities for our growing economy."

The Province of British Columbia has been recognized for its leading CleanBC policy objectives, and studies clearly indicate the urgent need to electrify industry, transportation and housing to meet these objectives. Meeting the CleanBC policy objectives suggest an annual supply deficit much greater than 3,000 gigawatt-hours per year.

These are very timely and positive announcements for Oceanic. It is clear the province will be looking for utility-scale renewable energy projects that have peak production during the winter high-demand period and have the potential for significant first nations partnerships. Partnerships with first nations are essential in the development of offshore wind projects. There are few wind resources of the scale and consistent reliable strength of the Hecate Strait wind resource, a resource that could help fill the large growing electricity supply deficit in the province, help power the growing demand for power in northwestern British Columbia and help meet the CleanBC objectives of the province.

Oceanic is currently in discussions with large international companies that are renowned for their development, construction and operation of large offshore wind projects around the world. The company has been granted an exclusive tenure jointly with Coast Tsimshian Enterprises (CTE), the 50/50 company owned and operated by the Metlakatla and Lax Kw'alaams first nations. Mike O'Connor, chief executive officer of Oceanic, is pleased to announce the application was granted in July, 2025. This tenure will produce 600 megawatts to 1,000 megawatts of renewable energy at a 55-per-cent capacity factor in the area of the province that needs power. The Port of Prince Rupert has announced $2-billion to $3-billion in port improvements, which require a significant amount of new electricity to power these projects, along with its plans to decarbonize the port activities. Couple this demand with the unprecedented growth in resource development in the northwest, Oceanic's resource is now needed to meet huge and growing electricity demand. The goal is to partner with first nations to develop the project and be a significant part of the province's future energy supply in the northwest. There is clearly the need for power in the northwest and there are few projects of scale that can meet this demand; Oceanic is well positioned to pursue a power purchase agreement with BC Hydro and the province to help power northwestern British Columbia.

We seek Safe Harbor.