Mr. Michael Irmen reports

IRONMAN INTERNATIONAL ENTERS INTO MASTER CONSTRUCTION AGREEMENT FOR $12,108,750 (USD) U.S. FIBER INFRASTRUCTURE WORK

Ironman International Ltd.'s wholly owned operating subsidiary, Ironman Directional Drilling Ltd., has entered into a master construction agreement dated as of May 12, 2026, with an arm's-length third party United States-based communications infrastructure partner to provide construction and related services for fibre optic network infrastructure projects in the United States.

The agreement establishes a contractual framework under which Ironman Directional Drilling will provide construction and related services for fibre optic network infrastructure services under separate statements of work. As compensation for such services, the counterparty will pay to Ironman Directional Drilling an aggregate of $12,108,750.00 (U.S.), payable in lump sums in accordance with each statement of work. The costs and expenses associated with the services conducted by Ironman Directional Drilling will be reflected in the company's financial statements. The work is anticipated to commence in the next couple of weeks and is expected to be completed in 2026. The anticipated scope aligns with Ironman's core capabilities, including fibre optic infrastructure construction, conduit installation, horizontal directional drilling, plowing, splicing, testing, commissioning and related civil works. The project will support remote indigenous communities in east-central Alaska, consistent with the company's values.

Management believes the agreement represents a meaningful commercial milestone for Ironman and provides further validation of the company's operating platform in telecommunications infrastructure, trenchless construction and technically demanding field execution.

The agreement represents a material commercial opportunity for Ironman. Revenue associated with the agreement will depend on executed work authorizations, project performance, customer acceptance, timing of work completed, invoicing, payment and other customary conditions associated with infrastructure construction projects.

"This signed agreement is an important step forward for Ironman as we continue to build our platform around critical infrastructure, this project represents more than just laying cable, it's about connecting families, businesses, schools and essential services to the opportunities broadband provides," said Mike Irmen, chief executive officer of Ironman. "The work under this agreement aligns well with our core values of community partnership and respect, it also demonstrates the value of having experienced crews, specialized equipment and the operational capability to support complex fibre infrastructure projects in demanding field conditions."

Ironman's management views this agreement as consistent with the company's strategy of pursuing larger infrastructure opportunities that can leverage its established operating base, equipment fleet, technical expertise and project execution capabilities.

Work under the agreement is expected to be carried out pursuant to applicable project requirements, permits, engineering documentation, site conditions, customer approvals and other customary construction considerations. The agreement includes provisions relating to project scope, change orders, invoicing, payment, completion criteria, insurance and other standard terms applicable to infrastructure construction projects.

About Ironman International Ltd.

Ironman International is a North American infrastructure services company specializing in horizontal directional drilling, trenchless construction, and related utility and telecommunications infrastructure services. Through its operating subsidiaries, the company provides services across multiple infrastructure verticals, including telecommunications, electrical, water and sewer, oil and gas, geothermal, and other utility-related applications.

Ironman's common shares trade on the TSX Venture Exchange under the symbol IMI and on the OTCQB Venture Market under the symbol IMITF.

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