Mr. Jordan Potts reports

REV TARGETS ENTRY INTO AMERICAN MARKET WITH LOI TO ACQUIRE PROPERTIES IN MONTANA

Rev Exploration Corp. has entered into a non-binding letter of intent (LOI) dated Jan. 23, 2026, to acquire certain oil and gas leasehold interests held by a publicly listed helium company in the Sweet Grass Hills area of Montana.

The LOI sets forth the terms and conditions upon which the company and the vendor will complete the transaction as follows:

• A cash payment of $250,000 (U.S.) payable to the vendor on closing;

• The issuance to the vendor of common shares of the company having an aggregate deemed value of $300,000 (U.S.) on closing.

Closing of the transaction will be subject to, among other things, the execution of a definitive agreement, satisfaction of customary closing conditions and receipt of required regulatory approvals, including acceptance by the TSX Venture Exchange.

The Montana land package is complementary to Rev's flagship and drill-ready Aden Dome project in southeast Alberta along the Montana border and represents a strategic new focus on America's Northern Great Plains states, targeting helium and natural hydrogen. The transaction would nearly quadruple the size of Rev's total landholdings from 4,845 acres to approximately 18,998 acres.

The company also wishes to clarify the press release of Jan. 16, 2026, that insider participation was limited to a concurrent non-brokered private placement subject to a four-month-and-one-day hold period. No insiders participated in the LIFE (listed issuer financing exemption) offering.

About Rev Exploration Corp.

Rev is a mineral exploration company that owns a suite of mostly gold properties in Quebec highlighted by JMW and Maxwell in the Chibougamau gold camp of Northern Quebec, while the company also has strong exposure to the natural hydrogen sector in Alberta and Saskatchewan.

We seek Safe Harbor.