Mr. Peter Damouni reports

TRANSOCEANIC INVESTMENTS ANNOUNCES ACQUISITION OF COMMON SHARES BY CHAIRMAN MR. FAHAD AL-TAMIMI

Transoceanic Investments Inc.'s chairman, Fahad Al-Tamimi, acquired an aggregate of six million common shares in the capital of the company on Sept. 22, 2026.

Prior to the transaction, Mr. Al-Tamimi beneficially owned and exercised control or direction over 26,896,837 shares, representing approximately 15.89 per cent of the company's issued and outstanding shares on a non-diluted basis. Mr. Al-Tamimi also holds an aggregate of: (i) 6.98 million warrants of Transoceanic, exercisable into 6.98 million shares; and (ii) 1.3 million stock options of Transoceanic, exercisable into 1.3 million shares. Assuming the exercise of all convertible securities held by Mr. Al-Tamimi, he would have beneficially owned and exercised control or direction over an aggregate of 35,176,837 shares, representing approximately 19.81 per cent of the company's issued and outstanding shares on a partially diluted basis.

Following completion of the transaction, Mr. Al-Tamimi beneficially owns and exercises control or direction over 32,896,837 shares, representing approximately 19.43 per cent of the company's issued and outstanding shares on a non-diluted basis. Assuming the exercise of all convertible securities held by Mr. Al-Tamimi, he would beneficially own and exercise control or direction over an aggregate of 41,176,837 shares, representing approximately 23.19 per cent of the company's issued and outstanding shares on a partially diluted basis. The company advises that it has entered into an agreement with Mr. Al-Tamimi under which Mr. Al-Tamimi has acknowledged that the exercise of any of his dilutable securities may result in him being deemed a control person of the company by virtue of him owning more than 20 per cent of the company's issued and outstanding shares, and accordingly he has agreed not exercise convertible securities to the extent doing so would increase his holdings above 19.9 per cent, unless and until shareholder approval is obtained for him as a new control person.

Disclosure and corporate matters

The shares were acquired at a price of 6.5 cents per share for aggregate consideration of $390,000, exclusive of any applicable brokerage fees and commissions, and represent approximately 3.54 per cent of the issued and outstanding shares.

The transaction was made by Mr. Al-Tamimi for investment purposes. As a significant shareholder and chairman of the company, Mr. Al-Tamimi may, depending on market conditions, acquire additional shares or dispose of shares in the future, whether in transactions over the open market or through privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions, estate planning and investment diversification. Mr. Al-Tamimi has no present intention to acquire or dispose of securities of Transoceanic.

The transaction was completed in reliance upon the private agreement exemption contained in Section 4.2 of National Instrument 62-104, Take-Over Bids and Issuer Bids. The acquisition was completed in a private transaction from a single seller and the purchase price did not exceed 115 per cent of the market price of the shares as determined in accordance with NI 62-104.

This news release is issued pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the filing by Mr. Al-Tamimi of an early warning report, dated Sept. 23, 2026, which contains additional information with respect to the foregoing matters. A copy of the report can be found under the company's profile on SEDAR+. The company's head office is located at 120 Adelaide St. West, Suite 1410, Toronto, Ont., M5H 1T1, Canada.

About Transoceanic Investments Inc.

Transoceanic is an investment company principally engaged in the business of acquiring and holding positions in a concentrated number of investment opportunities mainly but not exclusively in minerals and materials sector.

We seek Safe Harbor.