Mr. Geoff Clark reports

ACCELEWARE LTD. ENTERS INTO SECOND FARM-IN AGREEMENT IN SASKATCHEWAN MANNVILLE

Acceleware Ltd. has entered into a second farm-in agreement for one section of land, with an option for an additional half section of land, targeting the Mannville stack in Saskatchewan. The agreement represents another step in the company's stated strategy to build a portfolio of heavy oil production rights and a runway of field opportunities for RF XL 2.0 deployment, while maintaining a disciplined approach to capital deployment. Acceleware now has a total of 2.5 sections (including option lands) of Lloydminster-area Mannville stack land in its portfolio through farm-in agreements.

Under the agreement, Acceleware will have the opportunity to drill an RF XL 2.0 horizontal well pair in exchange for a gross overriding royalty. Upon payout of Acceleware's invested capital, the farmors may elect to convert the royalty into a 40-per-cent working interest. The agreement also provides the potential to drill additional well pairs on the property. Acceleware views the Mannville stack in Western Canada as a key target area for RF XL 2.0. Like the previously announced farm-in, the property's reservoir parameters, including viscosity and thickness are favourable, however, it is not large enough for economic development via thermal methods such as SAGD. With similar resources throughout Western Canada, it is an opportunity to demonstrate how RF XL 2.0 can increase production, reduce operating costs, lower energy consumption and drive favourable economics. Acceleware is advancing its RF XL 2.0 pilot at the Mannville farm in in Saskatchewan, announced on Dec. 9, 2025, and has commenced the application process with the Saskatchewan Ministry of Energy and Resources. Detailed design of the surface lease and well planning is under way.

"This agreement builds on the company's earlier Mannville-focused farm-in and reflects continued progress in assembling field-ready opportunities," said Geoff Clark, chief executive officer of Acceleware. "These farm-in agreements, and others that we are pursuing, are an excellent opportunity to show the potential of RF XL 2.0 while generating near-term revenue and cash flow from the production of heavy oil."

About Acceleware Ltd.

Acceleware is an advanced electromagnetic (EM) heating technology company offering proprietary radio frequency (RF) power-to-heat solutions that increase production, reduce energy consumption and lower operating costs in large-scale industrial heating.

Its core innovation, the clean tech inverter (CTI), is field-proven through an initial commercial-scale pilot of RF XL, Acceleware's thermal enhanced oil recovery technology designed to increase heavy oil production.

Acceleware is leveraging CTI expertise across sectors, with three mining projects under way for major operators and an amine regeneration project intended to dramatically reduce energy and costs also in progress.

Acceleware is publicly listed on the TSX Venture Exchange under the symbol AXE.

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