Mr. Gord Friesen reports

FJORDLAND ANNOUNCES EFFECTIVE DATE OF CONSOLIDATION

Further to the press release on Sept. 2, 2026, the effective date for the consolidation of Fjordland Exploration Inc.'s issued and outstanding common shares on the basis of eight preconsolidation shares for each one postconsolidation share will be Sept. 21, 2026.

No shareholder approval is required for the consolidation to come into effect. The company has obtained a new Cusip (33833E400) and ISIN (CA33833E4004) in connection with the consolidation. There will be no name change or trading symbol change in conjunction with the consolidation.

Effective at the opening of trading on Monday, Sept. 21, 2026, the shares will commence trading on the TSX Venture Exchange on a consolidated basis.

As of the date hereof, the company has 82,935,531 common shares issued and outstanding. Following completion of the consolidation, the company expects to have approximately 10,366,941 common shares issued and outstanding, subject to rounding, on the effective date.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded down to the nearest whole share without compensation. The exercise or conversion price, and the number of common shares issuable under any of the company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the consolidation.

The exercise or conversion price, and the number of shares issuable under any of the company's outstanding convertible securities, if any, will be proportionately adjusted upon the effective date.

A letter of transmittal from the company's transfer agent, Computershare Investor Services Inc., will be mailed to registered shareholders holding physical share certificates providing instructions on how to exchange such share certificates representing preconsolidation shares for new certificates representing postconsolidation shares. Until surrendered, each share certificate representing preconsolidation shares will represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation. Shareholders who hold their shares in DRS/book or in brokerage accounts are not required to take action to effect an exchange of their preconsolidation shares for postconsolidation shares.

The consolidation remains subject to the approval of the TSX Venture Exchange. The purpose of the consolidation is to improve the company's future financing objectives.

We seek Safe Harbor.