Mr. Richard Penn reports

FIRST ATLAS ENGAGES ECHO SEISMIC FOR 8-KILOMETRE NOVA SCOTIA HYDROGEN SURVEY AND EXPANDS LAND POSITION TO 2,877 CLAIMS

First Atlas Resources Corp. has engaged Calgary-based Echo Seismic Ltd. to undertake an approximately eight-kilometre, two-dimensional (2-D) seismic line in Nova Scotia. The program will use non-invasive, road-based Vibroseis technology, with no dynamite or other explosives. The survey will investigate the subsurface geology beneath an area where soil-gas sampling identified significant hydrogen anomalies, with the objective of improving the definition of potential hydrogen migration pathways and targets for future drill testing.

First Atlas also announces that it has staked an additional 10 exploration licences comprising 704 claims in Nova Scotia, increasing the company's provincial land position to 45 exploration licences and 2,877 claims.

Highlights:

• Targeted seismic follow-up: An approximately eight-kilometre 2-D line will investigate the geological structures beneath hydrogen soil-gas anomalies.
• Experienced seismic contractor: Echo Seismic, also engaged by QIMC for its Nova Scotia program, will use road-based Vibroseis acquisition and nodal recording equipment.
• Non-invasive acquisition: Vibroseis trucks will operate along existing roads, with no dynamite, other explosives, shot-hole drilling or new seismic-line construction required.
• Expanded exploration position: An additional 704 claims increase First Atlas's Nova Scotia claim count by approximately 32.4 per cent, from 2,173 to 2,877 claims.

"First Atlas is taking a focused next step in Nova Scotia: moving from identifying hydrogen anomalies at surface to investigating the structures beneath them," said Richard Penn, president and chief executive officer of First Atlas. "Following QIMC's lead, we have engaged Echo Seismic to acquire subsurface data that can help us sharpen our targets and plan more effectively for drill testing. At the same time, adding 704 claims expands the ground available for our exploration strategy. Our priority is to pair disciplined technical work with a stronger land position."

Following QIMC's lead in Nova Scotia

First Atlas's engagement of Echo Seismic follows the approach being advanced by its technical partner, Quebec Innovative Materials Corp. (QIMC), which is integrating surface geochemistry, geological interpretation, geophysics and drilling to investigate natural hydrogen systems in Nova Scotia. QIMC announced its engagement of Echo Seismic on Sept. 14, 2026, and subsequently announced an expansion of its own Nova Scotia seismic program to approximately 50 line-kilometres on Sept. 22, 2026.

For First Atlas, the objective is to use seismic imaging to place its hydrogen soil-gas anomalies in a clearer subsurface geological context and strengthen the technical basis for subsequent exploration decisions. The company's approximately eight-kilometre line is a separate First Atlas program.

Eight-kilometre seismic line to investigate hydrogen anomalies

The planned survey comprises a single approximately eight-kilometre 2-D Vibroseis line using an Inova Quantum nodal recording system. The acquisition design provides for receivers at 25-metre intervals and seismic source points at 50-metre intervals along existing roads.

The company intends to use the resulting seismic section to improve its interpretation of subsurface layering, faults and other structural features that may influence hydrogen migration or accumulation. Interpretation alongside the available soil-gas and geological data sets is intended to help rank exploration targets and refine potential drill-test locations.

The company is targeting field acquisition in October, 2026, subject to equipment and personnel availability, required permits and access permissions, suitable ground conditions, and final scheduling.

The program builds on First Atlas's continuing natural hydrogen exploration in Nova Scotia, including soil-gas sampling that identified significant hydrogen anomalies.

Non-invasive Vibroseis technology -- no dynamite or explosives

The survey will use non-invasive Vibroseis technology, with specialized trucks applying controlled vibrations at the surface along existing roads. Wireless nodal receivers will capture the returning seismic signals, which will be processed to produce two-dimensional images of geological layers, faults and other subsurface features.

No dynamite or other explosives will be used. The planned survey requires no shot-hole drilling or new seismic-line construction and does not involve hydraulic fracturing or reservoir stimulation.

By using existing roads and cable-free recording equipment, the program is designed to limit surface disturbance while acquiring data to guide further exploration.

Additional staking expands Nova Scotia position by 704 claims

The addition of 10 exploration licences increases First Atlas's Nova Scotia licence count from 35 to 45 and its claim count from 2,173 to 2,877. The 704 additional claims represent an approximately 32.4-per-cent increase in the company's provincial claim count.

The expanded position provides First Atlas with a broader land base for its natural hydrogen exploration strategy while the company advances more detailed evaluation of selected anomalous areas. Management's focus remains on using the combined exploration evidence to prioritize where further work is warranted.

About First Atlas Resources Corp.

First Atlas Resources (formerly Q Precious & Battery Metals Corp.) is a Canadian exploration company advancing a portfolio of natural hydrogen and critical mineral assets, with a strategic focus on natural hydrogen opportunities in Eastern Canada. The company holds natural hydrogen exploration licences within the Cumberland basin region of Nova Scotia, where it is applying modern geological, geochemical and geophysical targeting methodologies, including QIMC's R2G2 framework, across the Cobequid-Chedabucto structural corridor. The company is also advancing its Matane natural hydrogen project in Quebec.

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