Dr. Marc-Antoine Audet reports

SAMA RESOURCES INC. PROVIDES EARLY WARNING DISCLOSURE REGARDING DISPOSITION OF ALL SHARES HELD IN FALCON ENERGY MATERIALS PLC

Sama Resources Inc. has sold all of its remaining common shares of Falcon Energy Materials PLC (TSX Venture Exchange: FLCN, OTCQB: FLCNF), in accordance with National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Background

Sama was previously a significant shareholder of Falcon. As a result of the closing of Falcon's non-brokered private placement announced on Feb. 20, 2026, Sama's shareholding in Falcon was diluted from approximately 11.8 per cent to approximately 8.9 per cent of the then issued and outstanding common shares of Falcon, as Sama did not participate in that financing.

Falcon's head office is located at Level 7, Al Maryah Tower, ADGM Square, AL Maryah Island, Abu Dhabi, United Arab Emirates.

The disposition

On March 19, 2026, Sama sold an aggregate of 15,180,377 common shares of Falcon at a price of 65 cents per share, for aggregate proceeds of $9,867,245. The transaction was completed through a negotiated cross transaction on the TSX Venture Exchange.

Immediately prior to the transaction, Sama held direct beneficial ownership and control of 15,180,377 shares, representing approximately 8.9 per cent of the issued and outstanding shares on an undiluted basis.

Following completion of the transaction, Sama holds nil common shares of Falcon, representing 0 per cent of the issued and outstanding common shares of Falcon.

The transaction was undertaken for portfolio management purposes. Sama has no present intention to acquire any securities of Falcon.

Early warning report

This news release is being issued in accordance with NI 62-103. An early warning report with respect to the transaction has been filed on SEDAR+ under Falcon's issuer profile.

Dr. Marc-Antoine Audet, president and chief executive officer of Sama Resources, commented:

"The monetization of our Falcon Energy share position represents a disciplined capital allocation decision that strengthens Sama's balance sheet and enhances financial flexibility. The proceeds will support the advancement of our core exploration and development initiatives, including our flagship nickel-copper projects in West Africa."

About Sama Resources Inc.

Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Ivory Coast, West Africa. The company was incorporated under the Business Corporations Act (British Columbia). Sama is managed by experienced industry professionals with a strong record of discovery and is committed to advancing the Samapleu-Grata nickel-copper project. Sama's projects are located approximately 600 kilometres northwest of Abidjan in Ivory Coast and are flanked to the west by the Ivorian and Guinean borders. Sama's projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125-kilometre-long new base metal camp in West Africa. Sama owns 40-per-cent interest in the Samapleu nickel-copper project in Ivory Coast with its joint venture partner Ivanhoe Electric owning 60 per cent. Sama's head office is located at 1320 Graham Blvd., suite 132, Ville Mont-Royal, Que., H3P 3C8.

We seek Safe Harbor.