Ms. Catherine Flax reports

ZEFIRO SECURES SEVENTH NEW MASTER SERVICE AGREEMENT RESULTING FROM VIKING WELL SERVICE EQUIPMENT ACQUISITION

Zefiro Methane Corp. has secured new master service agreement (MSA) contracts with three corporate clients, leveraging its expanded capabilities obtained through the May, 2026, Viking Well Service equipment acquisition.

With the addition of these three new MSA contracts, two of which are with publicly traded companies in the resource sector, Zefiro has now secured a cumulative total of seven MSAs that were only possible as a direct result of the Viking Well Service equipment acquisition. Furthermore, Zefiro now holds active MSA contracts with nearly all major gas producers in the northeastern region of the United States, strengthening the company's presence in the environmental services category as a preferred service provider for the private sector.

To date, five of these seven new MSA contracts have generated revenue for Zefiro. Revenue attributable to the Viking Well Service equipment acquisition, including work under these MSAs and for other customers, totalled approximately $1.54-million (U.S.) across August and September, 2026, an annualized run rate of more than $9-million (U.S.), in line with management's previously announced expectation that the Viking Well Service equipment acquisition would help boost Zefiro's annual revenue by approximately $10-million (U.S.). Zefiro recently reported record annual earnings of $42.5-million (U.S.) for its 2026 fiscal year.

Management commentary

Zefiro chief executive officer Catherine Flax commented: "After announcing record annual revenue in our most recent year-end financials, we are pleased to report that the Viking Well Service equipment acquisition has driven growth in line with our expectations, proving to be a strong strategic move to further scale our market share. Between government agencies and private-sector operators, we continue to see sustained demand for well-plugging work across the nation, and we remain focused on maintaining Zefiro's position as a market leader with new opportunities continuing to emerge."

Zefiro senior vice-president of corporate development Luke Plants added: "There is quite a bit of strategy involved when it comes to gaining market share in this industry, particularly because there are fairly high barriers to securing an MSA with corporate accounts. Zefiro's proven ability to perform high-quality work on time and on budget with its own in-house crews has earned us relationships with many top players in oil and gas. Adding seven new MSAs since May, 2026, is a testament to the business we've built, and we look forward to further solidifying our market position as one of America's leaders in plugging oil and gas wells."

About Zefiro Methane Corp.

Zefiro Methane is a North American environmental services company specializing in methane abatement and the plugging of orphaned and end-of-life oil and gas wells. Through operating subsidiary Plants & Goodwin Inc., a third-generation well services company with a 50-plus-year operating history, Zefiro is vertically integrated across the well life cycle -- measurement and monitoring, plugging and abandonment, site restoration, and carbon credit origination -- serving government and private-sector customers across 15 U.S. states.

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