Ms. Janet Lee Sheriff reports

VERDERA ENERGY ANNOUNCES CLOSING OF QUALIFYING TRANSACTION

Verdera Energy Corp. has completed its previously announced acquisition of all of the issued and outstanding securities of Verdera Energy Corp. (to be renamed Verdera Energy Holdings Inc.). The transaction constitutes the qualifying transaction of the company under the policies of the TSX Venture Exchange. In addition, the company completed the conversion and exchange of subscription receipts issued in connection with the brokered private placements of the company and the target. Gross proceeds of $2.67-million were raised through the issuance of subscription receipts of the company, and $17.33-million through the issuance of subscription receipts of the target. The company also completed a non-brokered private placement of common shares for gross proceeds of $400,000, for aggregate gross proceeds of $20.4-million raised in connection with the qualifying transaction.

Immediately prior to the closing, the company consolidated its issued and outstanding shares on a 0.656565 company common share for each previously existing share basis and changed its name from POCML 7 Inc. to Verdera Energy Corp. The company's new Cusip and ISIN are 92339J107 and CA92339J1075, respectively. Shareholders of the company are not required to take any action with respect to the consolidation or name change and are not required to exchange their existing share certificates for new certificates bearing the company's new name. The company's transfer agent, TSX Trust Company, will send registered shareholders a new direct registration system advice representing the number of postconsolidation common shares held by them.

On completion of the transaction, the issued and outstanding share capital of the company consists of: (i) 75,727,993 common shares; (ii) outstanding options to acquire 4,736,000 common shares; (iii) outstanding agent options to acquire 800,000 common shares; and (iv) 35 million preferred shares. A total of 11,118,024 common shares are subject to TSX-V escrow agreements, with an additional 14,751,001 common shares subject to a contractual hold in line with the TSX-V seed share resale restrictions. A further 15 million common shares held by EnCore Energy Corp. and one million common shares held by an entity controlled by a former director and officer of the company are restricted until such time as the preferred shares are converted to common shares and distributed to shareholders of EnCore.

Final acceptance of the qualifying transaction will occur upon the issuance of the final bulletin by the TSX-V. Subject to final acceptance by the TSX-V, the company will be classified as a Tier 1 mining issuer pursuant to TSX-V policies. The common shares are expected to commence trading on the TSX-V under the symbol V at the opening of the markets on or about Feb. 24, 2026.

In connection with the qualifying transaction, the company's board of directors has been reconstituted and is composed of the following individuals: Janet Lee Sheriff, Kevin Bambrough, Gregory Hayes, Mark Pelizza and Jon Indall. In addition, the board has appointed Ms. Lee Sheriff as chief executive officer and Scott Davis as chief financial officer and corporate secretary.

PowerOne Capital Markets Ltd. acted as an adviser to the target in connection with the qualifying transaction, and, in connection therewith, PowerOne will receive a $306,000 cash fee and 306,000 advisory options following completion of the qualifying transaction. Prior to the completion of the qualifying transaction, PowerOne was considered a related and connected issuer to POCML 7 because: (i) officers and directors of PowerOne owned, controlled or directed more than 20 per cent of the issued and outstanding common shares of POCML 7; and (ii) officers and directors of PowerOne were officers and directors of POCML 7. A director of POCML 7 acted as an adviser to the target in connection with the qualifying transaction and will receive 250,000 common shares in the capital of the company.

Full details of the qualifying transaction, the offering of subscription receipts and certain other matters are set out in the filing statement of the company dated Feb. 13, 2026. A copy of the filing statement can be found under the company's SEDAR+ profile.

About Verdera Energy Corp.

Verdera is focused on the development of uranium assets in New Mexico. Led by a team with extensive experience in the uranium and natural resource sector, Verdera is working to advance its significant known in situ recovery amenable uranium projects to meet the growing demand for clean, reliable domestic uranium in the United States backed by strategic shareholder EnCore Energy. Strategically positioned with mineral rights spanning approximately 400 square miles in the Grants uranium district, Verdera's principal asset is the Crownpoint and Hosta Butte project complemented by several additional projects with historical resources.

Verdera is committed to fostering strong community relations and promoting environmental stewardship. Verdera strives to collaborate closely with local communities and exclusively advance projects that can utilize the environmentally sound ISR uranium extraction technology.

We seek Safe Harbor.