Mr. Richard Penn reports

FIRST ATLAS RESOURCES CORP. ANNOUNCES GRANT OF OPTIONS AND RSUS

Subject to Canadian Securities Exchange approval, First Atlas Resources Corp. has granted 3.8 million restricted share units (RSUs) to management and consultants to the company. These RSUs will vest quarterly in 25-per-cent increments from the date of grant, with the first vesting date being Aug. 8, 2026. RSUs are subject to a four-month exchange hold period from the date of grant.

The company also announces, subject to CSE approval, that it has granted five million options to consultants and management of the company. The options are exercisable at a price of eight cents for a period of two years. The options are subject to a four-month exchange hold period from the date of grant.

Insider awards are as follows:

• Richard Penn, chief executive officer -- one million RSUs and two million options;
• Krystal Pineo, director -- 100,000 RSUs and 200,000 options;
• Kwaku Ashong, director -- 100,000 RSUs and 200,000 options;
• Mathieu Piche, director -- 100,000 RSUs and 200,000 options.

We seek Safe Harbor.