Mr. Richard McHardy reports

LOGAN ENERGY CORP. UPSIZES PREVIOUSLY ANNOUNCED EQUITY OFFERINGS TO $65 MILLION

As a result of excess demand, Logan Energy Corp. has agreed with the syndicate of underwriters co-led by National Bank Capital Markets as sole bookrunner and co-lead underwriter, and TD Securities Inc. as co-lead underwriter, to increase the size of its previously announced bought deal equity financing. Logan will issue 45,274,000 common shares at a price of 73 cents per common share on a bought deal basis, by way of a public offering, and 43,836,000 common shares at the issue price on a bought deal basis, by way of a private placement, resulting in aggregate gross proceeds of approximately $65-million. It is anticipated that certain directors, officers and employees of the company will subscribe for approximately $2.1-million of the private placement.

The underwriters have been granted an option to purchase up to an additional 15 per cent of the common shares issued under the prospectus offering at the issue price to cover over allotments exercisable in whole or in part at any time until 30 days after the closing of the prospectus offering.

In connection with the equity offerings, the company also announced yesterday that it had entered into a definitive purchase agreement with a subsidiary of a publicly traded oil and gas company (the vendor), pursuant to which Logan will acquire the vendor's entire interest in certain assets predominantly in the company's core area at Simonette, Alta., for cash consideration of $62.5-million, prior to closing adjustments. In all other respects, the terms of the equity offerings and use of proceeds therefrom will remain as previously disclosed in the Feb. 19, 2026, press release.

Closing of the equity offerings will be conditional on the completion of the acquisition in accordance with the terms of an asset purchase agreement between Logan and the vendor dated Feb. 19, 2026, in respect of the acquisition and other customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Closing of the equity offerings is expected to occur immediately following closing of the acquisition on March 10, 2026.

About Logan Energy Corp.

Logan is a growth-oriented exploration, development and production company formed through the spinout of the early-stage Montney assets of Spartan Delta Corp. Logan has three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwestern Alberta and the Flatrock area of northeastern British Columbia. Additionally, the company has established a position within the greater Kaybob Duvernay oil play with assets in the North Simonette, Ante Creek and Two Creeks areas. The management team brings proven leadership and a record of generating excess returns in various business cycles.

We seek Safe Harbor.