Author: Ravi Shankar

LONG BEACH, Calif., Nov. 14, 2026 (GLOBE NEWSWIRE) — Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced mission success for its 100^th Electron launch, setting a new record for reaching 100 launches faster than any other commercially developed rocket.

“The Mountain God Rises” mission launched from Rocket Lab Launch Complex 1 in New Zealand at 6:30 p.m. on November 14, 2026, deploying the YAMATSUMI-II synthetic aperture radar (SAR) Earth-imaging satellite to a 575km low Earth orbit for the Institute for Q-shu Pioneers of Space, Inc. (iQPS). This mission marks Rocket Lab’s 11^th Electron launch for iQPS with 100% mission success since 2023. iQPS has booked seven more dedicated Electron launches through 2030 to complete its satellite constellation.

Reaching 100 launches in under a decade is a major milestone for commercial spaceflight. What started as a vision to open up access to space with the world’s first carbon-composite rocket has grown into an unmatched launch cadence across the small-launch industry.

Rocket Lab founder and CEO, Sir Peter Beck, says: “Few rockets reach 100 launches in their total operational lifetime. Not only has Electron now reached 100 launches, but it reached the milestone faster than any other commercially developed rocket. That record pace comes down to the relentless dedication of the Rocket Lab team, and I want to congratulate everyone behind Electron. This is the team that pioneered 3D-printed rocket engines, built the world’s first carbon-composite orbital rocket, launched back-to-back from two hemispheres, and shattered responsive space records along the way, putting Electron in a league of its own. To our customers who have trusted us with their spacecraft, many of them across multiple launches, thank you. The next 100 Electrons are already booked so we’re only accelerating from here.”

Since its first launch in 2017, Electron has deployed hundreds of satellites for commercial constellation operators, national security agencies, and scientific institutions from launch pads in New Zealand and Virginia. Backed by vertically integrated manufacturing and a packed manifest extending well into the next decade, Electron continues to deliver access to orbit while laying the operational foundation for Rocket Lab’s next medium-lift rocket, Neutron.

‘The Mountain God Rises’ launch images: Flight 100 | The Mountain God Rises | Flickr

‘The Mountain God Rises’ launch broadcast: Rocket Lab | LAUNCH 100 – The Mountain God Rises – YouTube

Rocket Lab Media Contact
Murielle Baker
media@rocketlabusa.com

About Rocket Lab
Rocket Lab (Nasdaq: RKLB) is an end-to-end space company delivering rockets, satellites, and spacecraft components for commercial, government, and defense missions. Driven by its industry-leading small-lift rockets Electron and HASTE and its upcoming reusable Neutron medium-lift rocket, Rocket Lab delivers reliable and responsive launch for the world’s most important missions from constellation deployment to missile defense. Rocket Lab’s satellites and components have powered more than 1,700 missions in Earth orbit, as well as deep-space exploration of the Moon, Mars, and beyond. Learn more at www.rocketlabcorp.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

LONG BEACH, Calif., Nov. 14, 2026 (GLOBE NEWSWIRE) — Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced mission success for its 100^th Electron launch, setting a new record for reaching 100 launches faster than any other commercially developed rocket.

“The Mountain God Rises” mission launched from Rocket Lab Launch Complex 1 in New Zealand at 6:30 p.m. on November 14, 2026, deploying the YAMATSUMI-II synthetic aperture radar (SAR) Earth-imaging satellite to a 575km low Earth orbit for the Institute for Q-shu Pioneers of Space, Inc. (iQPS). This mission marks Rocket Lab’s 11^th Electron launch for iQPS with 100% mission success since 2023. iQPS has booked seven more dedicated Electron launches through 2030 to complete its satellite constellation.

Reaching 100 launches in under a decade is a major milestone for commercial spaceflight. What started as a vision to open up access to space with the world’s first carbon-composite rocket has grown into an unmatched launch cadence across the small-launch industry.

Rocket Lab founder and CEO, Sir Peter Beck, says: “Few rockets reach 100 launches in their total operational lifetime. Not only has Electron now reached 100 launches, but it reached the milestone faster than any other commercially developed rocket. That record pace comes down to the relentless dedication of the Rocket Lab team, and I want to congratulate everyone behind Electron. This is the team that pioneered 3D-printed rocket engines, built the world’s first carbon-composite orbital rocket, launched back-to-back from two hemispheres, and shattered responsive space records along the way, putting Electron in a league of its own. To our customers who have trusted us with their spacecraft, many of them across multiple launches, thank you. The next 100 Electrons are already booked so we’re only accelerating from here.”

Since its first launch in 2017, Electron has deployed hundreds of satellites for commercial constellation operators, national security agencies, and scientific institutions from launch pads in New Zealand and Virginia. Backed by vertically integrated manufacturing and a packed manifest extending well into the next decade, Electron continues to deliver access to orbit while laying the operational foundation for Rocket Lab’s next medium-lift rocket, Neutron.

‘The Mountain God Rises’ launch images: Flight 100 | The Mountain God Rises | Flickr

‘The Mountain God Rises’ launch broadcast: Rocket Lab | LAUNCH 100 – The Mountain God Rises – YouTube

Rocket Lab Media Contact
Murielle Baker
media@rocketlabusa.com

About Rocket Lab
Rocket Lab (Nasdaq: RKLB) is an end-to-end space company delivering rockets, satellites, and spacecraft components for commercial, government, and defense missions. Driven by its industry-leading small-lift rockets Electron and HASTE and its upcoming reusable Neutron medium-lift rocket, Rocket Lab delivers reliable and responsive launch for the world’s most important missions from constellation deployment to missile defense. Rocket Lab’s satellites and components have powered more than 1,700 missions in Earth orbit, as well as deep-space exploration of the Moon, Mars, and beyond. Learn more at www.rocketlabcorp.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Axe Compute to Discuss Third Quarter 2026 Financial Performance and Business Updates During a Conference Call and Webcast on Tuesday, November 17, 2026, at 8:30 a.m. Eastern Time

MIAMI, Nov. 13, 2026 (GLOBE NEWSWIRE) — In a release issued under the same headline on November 11th by Axe Compute (NASDAQ: AGPU), please note that the date of the conference call in the first paragraph was incorrect. It should have been November 17, 2026, instead of November 16, 2026. The corrected release follows:

Axe Compute (NASDAQ: AGPU), a neocloud AI infrastructure company delivering dedicated, bare-metal GPU compute and large-scale AI factory build-outs at global scale, today announced it will hold a conference call and webcast to review financial results for the third quarter ended September 30, 2026, before market open on Tuesday, November 17, 2026.

Speakers on the call will be Christopher Miglino, Chief Executive Officer; Kyle Okamoto, President; and Jeremy Yaukey-Witter, Chief Financial Officer.

Conference Call Details:

Date: Tuesday, November 17, 2026

Time: 8:30 a.m. Eastern Time

Dial-In: +1 301 715 8592

Meeting ID: 88188227988

Passcode: 457947

Webcast / Registration: https://bit.ly/AxeComputeQ32026

The Company’s financial results press release will be available in the Investor Relations section of the Company’s website at investors.axecompute.com and on the SEC’s website at sec.gov following the filing.

A replay of the webcast will be available on the Company’s investor relations website following the call.

About Axe Compute Inc.

Axe Compute Inc. (NASDAQ: AGPU) is a neocloud AI infrastructure platform built on a fundamental premise: AI innovation should not be constrained by hardware choice or availability. The company provides enterprises and AI innovators with flexibility across hardware, geography, and deployment models through two core offerings: Axe Compute Access, delivering a wide range of the latest high-performance GPU infrastructure across global locations, and Axe Compute Build, enabling the design, deployment, ownership, and operation of large-scale, dedicated AI factories worldwide. All solutions are supported by enterprise-grade SLAs and operational expertise. Axe Compute is headquartered in Miami, Florida. For more information, visit axecompute.com.

Media and Investor Relations Contact:

Erin McMahon

ir@axecompute.com

axecompute.com | NASDAQ: AGPU

BRANFORD, Conn., Nov. 13, 2026 (GLOBE NEWSWIRE) — Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), a proteomics company redefining protein analysis through single-molecule protein sequencing, today announced that the Compensation Committee of Quantum-Si’s Board of Directors has granted 495,335 restricted stock units (“RSUs”) to new employees under the Company’s previously adopted Quantum-Si Incorporated 2023 Inducement Equity Incentive Plan, as amended (the “2023 Inducement Plan”). The RSUs were granted as an inducement material to the new employees becoming an employee of Quantum-Si in accordance with Nasdaq Listing Rule 5635(c)(4).

The 2023 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Quantum-Si (or following a bona fide period of non-employment), as an inducement material to such individuals entering into employment with Quantum-Si, pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.

The RSUs will vest 25% on December 20, 2027, with the remainder vesting in 12 equal quarterly installments thereafter, subject to the employee’s continued employment with Quantum-Si on such vesting dates. The RSUs are subject to the terms and conditions of the 2023 Inducement Plan and a RSU agreement covering the grant.

About Quantum-Si Incorporated

Quantum-Si is transforming proteomics with a benchtop platform that brings single-molecule protein analysis to every lab, everywhere. The Company’s platform enables real-time kinetic-based detection and allows researchers to move beyond traditional, multistep workflows and directly access dynamic, functional protein insights with unparalleled resolution. By making protein analysis simpler, faster, and more informative, Quantum-Si is accelerating proteomic discoveries to improve the way we live. Learn more at quantum-si.com or follow us on LinkedIn or X.

Investor and Media Contact
Jeff Keyes
Chief Financial Officer
ir@quantum-si.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, Nov. 13, 2026 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) is pleased to announce that it has entered into a definitive arrangement agreement dated November 13, 2026 (the “Arrangement Agreement”) with Newport Capital Ltd. (“Newport”) pursuant to which Newport, directly or through a wholly-owned subsidiary, has agreed to acquire all of the issued and outstanding common shares of High Arctic (the “High Arctic Shares”) for cash consideration of $1.59 per High Arctic Share, subject to adjustment in accordance with the terms of the Arrangement Agreement (the “Transaction”). The aggregate base purchase price payable by Newport is approximately $20.2 million, subject to the adjustments described below.

In addition to the cash consideration payable by Newport, High Arctic shareholders (“High Arctic Shareholders”) are expected to receive, as part of the Transaction, a cash distribution by way of a return of capital and/or a dividend (the “Shareholder Distribution”). The Shareholder Distribution expected to be paid to the High Arctic Shareholders is expected to range from a minimum of $0.20 to a maximum of $0.30 per High Arctic Share. The final amount of the Shareholder Distribution will be determined by reference to High Arctic’s working capital at closing, as described below.

The Transaction will be completed by way of a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (Alberta) (the “ABCA”) and, subject to the satisfaction or waiver of the conditions to closing described below, is expected to close in December 2026, and in any event prior to February 28, 2027.

Simon Batcup, Chairman of the Board of Directors, commented:

“This transaction and additional cash distribution to shareholders represents the successful culmination of the Board of Directors strategic review and delivers compelling and immediate value to High Arctic shareholders. The combination of a significant premium to High Arctic’s recent trading price and the anticipated additional cash distribution provides shareholders with an attractive opportunity to realize the maximum value for their shareholdings while eliminating the risks inherent in pursuing our business plan.

This transaction also marks the beginning of a new chapter in High Arctic’s history, a story that began in 1993 and since spanned multiple countries and a diverse range of oilfield services delivered to customers around the world. The Board of Directors and Executive Management are proud of what High Arctic and its people have accomplished over more than three decades, and we are confident that, under its new ownership, High Arctic and its exceptional employee group are well positioned to build on that legacy and achieve continued success.”

TRANSACTION HIGHLIGHTS

Certain and Immediate Cash Value

• The cash consideration of $1.59 per High Arctic Share represents a premium of approximately 19% to the closing price of the High Arctic Shares on the TSX on November 13, 2026, a premium of approximately 27% to the 20-day volume-weighted average trading price of the High Arctic Shares on the TSX for the period ended November 13, 2026 and a premium of approximately 77% to the closing price of the High Arctic Shares on the TSX on May 14, 2026 when the Board of Directors (the “Board”) initiated the strategic review described below.
• The all-cash consideration provides High Arctic Shareholders with immediate liquidity and certainty of value, without exposure to the execution, market and commodity price risks associated with High Arctic’s stand-alone business plan.

Additional Return of Capital

• High Arctic Shareholders are expected to receive the Shareholder Distribution, by way of a return of capital, in addition to the cash consideration payable by Newport. The final amount of the Shareholder Distribution will be determined by reference to the amount by which High Arctic’s working capital at closing exceeds the target working capital amount of $2,432,000 set out in the Arrangement Agreement and remains subject to the approval of Newport (acting reasonably) and the Board.

Certainty of Completion

• Newport has represented that it has, and at closing will have, sufficient funds available to satisfy its obligations under the Arrangement Agreement, and completion of the Transaction is not subject to a financing condition.
• All of the directors and officers of High Arctic, together with FBC Holdings Sàrl, a significant shareholder of High Arctic, holding in aggregate approximately 49.2% of the outstanding High Arctic Shares, have entered into voting support agreements pursuant to which they have agreed to vote in favour of the Transaction.

RATIONALE FOR THE TRANSACTION

The transaction and additional cash distribution to shareholders provides compelling value relative to the strategic alternatives available to the Corporation. Since completing its corporate reorganization in 2024, High Arctic has actively pursued opportunities for accretive acquisitions in Canada to enhance shareholder value. However, the persistent and significant discount between the trading price of High Arctic’s shares and their underlying value has limited the Corporation’s ability to use its shares as acquisition currency and made it challenging to structure transactions that would be accretive to existing shareholders.

The combined total cash consideration expected to be received by High Arctic shareholders upon completion of the Transaction represents an attractive premium to the Corporation’s recent market trading price.

STRATEGIC REVIEW AND RECOMMENDATION OF THE BOARD OF DIRECTORS

In May, 2026, the Board established a special committee of independent directors to conduct a strategic review, with the ultimate goal to recommend to the Board a broad range of alternatives to maximize shareholder value. The strategic review culminated in the entering into of a letter of intent with Newport on October 2, 2026 and the Arrangement Agreement on November 13, 2026.

The Board, after receiving the advice of its financial and legal advisors, and having received the Fairness Opinion (as defined below), has unanimously: (i) determined that the Arrangement is fair to High Arctic Shareholders; (ii) determined that the Arrangement and the entering into of the Arrangement Agreement are in the best interests of the Corporation; (iii) approved the Arrangement Agreement and the transactions contemplated thereby; and (iv) resolved to recommend that High Arctic Shareholders vote in favour of the special resolution approving the Arrangement (the “Arrangement Resolution”) at the High Arctic Meeting (as defined below).

TRANSACTION DETAILS

High Arctic and Newport have entered into the Arrangement Agreement to effect the Transaction by way of a plan of arrangement under section 193 of the ABCA. Under the terms of the Arrangement, each High Arctic Share (other than those held by High Arctic Shareholders who validly exercise dissent rights) will be transferred to Newport, or a wholly-owned subsidiary of Newport, in exchange for $1.59 in cash, subject to adjustment in accordance with the Arrangement Agreement. Where the Transaction is completed through a subsidiary, Newport has unconditionally guaranteed the performance of that subsidiary’s obligations.

Purchase Price Details

The aggregate base purchase price of $20,191,499 payable by Newport is subject to downward adjustment, on a dollar-for-dollar basis, as of the effective date of the Arrangement to the extent that: (i) High Arctic has any outstanding indebtedness; (ii) High Arctic’s cash and cash equivalents are less than the minimum cash amount of $100,000 required under the Arrangement Agreement; or (iii) any High Arctic transaction costs are not expected to be paid and fully discharged by High Arctic as of the delivery of the final working capital statement (provided that High Arctic may instead elect to increase its minimum cash amount by the amount of such unpaid costs). High Arctic currently expects to repay and discharge its credit facility and mortgage financing, and to pay its transaction costs, prior to closing such that no adjustment to the $1.59 per share cash consideration is anticipated.

Shareholder Distribution

Prior to the acquisition of the High Arctic Shares by Newport, High Arctic expects, subject to the conditions described below, to reduce its stated capital and distribute an equal amount in cash to High Arctic Shareholders as a return of capital or issue a dividend or both. To the extent that High Arctic’s working capital at closing, as reflected in the working capital statement agreed between High Arctic and Newport, exceeds the target working capital amount of $2,432,000, such excess may be distributed to High Arctic Shareholders as part of the Shareholder Distribution. The Shareholder Distribution will not exceed the unrestricted cash available to High Arctic immediately prior to closing after reserving for all transaction costs, the required minimum cash and any other cash High Arctic is required to retain under the Arrangement Agreement. The Shareholder Distribution is subject to the approval of Newport (acting reasonably) and the Board, and to the receipt of all required corporate, shareholder, court, securities law, stock exchange, tax and other regulatory approvals.

Treatment of Stock Options

Immediately prior to the Arrangement, all outstanding stock options of High Arctic (whether vested or unvested) will vest and will be surrendered to High Arctic in exchange for a cash payment equal to the amount, if any, by which $1.59 exceeds the exercise price of such option, less applicable withholdings in accordance with the Company’s Omnibus Equity Incentive Plan.

Shareholder and Court Approvals

The Arrangement will require the approval of at least 66⅔% of the votes cast by High Arctic Shareholders present in person or represented by proxy at a special meeting of High Arctic Shareholders to be called to consider the Arrangement Resolution (the “High Arctic Meeting”) and, if required, a majority of the votes cast by High Arctic Shareholders, excluding the votes of persons required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The High Arctic Meeting is expected to be held in December 2026. The Arrangement is also subject to the approval of the Court of King’s Bench of Alberta.

Conditions to Closing

In addition to the shareholder and court approvals described above, completion of the Transaction is subject to the satisfaction or waiver of certain other conditions customary for a transaction of this nature, including, among others: the approval of the Toronto Stock Exchange (the “TSX”); holders of not more than 15% of the outstanding High Arctic Shares having validly exercised dissent rights; the repayment and discharge in full of High Arctic’s credit facility and mortgage financing; the payment and discharge of all High Arctic transaction costs; the completion of the sale or other disposition of certain real estate assets owned by High Arctic, or the implementation of an alternative arrangement acceptable to Newport; and the absence of a material adverse change in respect of High Arctic.

Deal Protections

The Arrangement Agreement contains representations and warranties, covenants and conditions customary for a transaction of this nature, including a non-solicitation covenant on the part of High Arctic, subject to customary “fiduciary out” provisions that entitle High Arctic to consider and accept a superior proposal, and a right in favour of Newport to match any superior proposal within five business days of receipt of the superior proposal. The Arrangement Agreement provides for a termination fee of $1 million payable by High Arctic to Newport in certain circumstances, including if High Arctic terminates the Arrangement Agreement to accept a superior proposal or the Board changes its recommendation to the shareholders to vote in favour of the Arrangement Resolution, and a termination fee of $1 million payable by Newport to High Arctic in the event that Newport breaches its covenants in a manner that would reasonably be expected to materially impede completion of the Arrangement and fails to cure such breach.

Further Information

Further details regarding the Arrangement will be included in the management information circular of High Arctic (the “Circular”) to be mailed to High Arctic Shareholders in connection with the High Arctic Meeting. Copies of the Arrangement Agreement and the Circular will be filed on High Arctic’s SEDAR+ profile and will be available for viewing at www.sedarplus.ca. Following completion of the Arrangement, the High Arctic Shares are expected to be delisted from the TSX and High Arctic is expected to apply to cease to be a reporting issuer under applicable Canadian securities laws.

FINANCIAL ADVISORS, FAIRNESS OPINION AND LEGAL COUNSEL

ATB Cormark Capital Markets is acting as financial advisor to High Arctic. Sayer Energy Advisors has provided an opinion to the Board (the “Fairness Opinion”) to the effect that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration to be received by High Arctic Shareholders under the Arrangement is fair, from a financial point of view, to High Arctic Shareholders. DLA Piper (Canada) LLP is acting as legal counsel to High Arctic. Burnet, Duckworth & Palmer LLP is acting as legal counsel to Newport and Gowling WLG is acting as special tax counsel to Newport.

About High Arctic Energy Services

High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ‎on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta‎. Additionally, High Arctic maintains a minority equity interest in Team Snubbing, a leading provider of well-control services to the oil and gas drilling industry with operations in Western Canada and Alaska, US. The High Arctic Shares trade on the TSX under the symbol “HWO”.

Currency

All amounts in this Press Release are denominated in Canadian dollars, unless otherwise indicated.

Forward-Looking Statements

This Press Release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation’s actual results, performance, or achievements to vary from those described in this Press Release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected.

Specific forward-looking statements in this Press Release include, among others, statements pertaining to the following: the Transaction and the anticipated benefits thereof to High Arctic Shareholders; the consideration payable under the Transaction and any adjustments thereto; the expected amount, timing and tax treatment of the Shareholder Distribution; the treatment of High Arctic’s stock options; the anticipated timing of the High Arctic Meeting and the mailing and contents of the Circular; the receipt of required shareholder, court, stock exchange and other approvals; the satisfaction of the conditions to completion of the Transaction, including the repayment of High Arctic’s credit facility and mortgage financing and the disposition of High Arctic’s owned real property; the anticipated timing of completion of the Transaction; and the expected delisting of the High Arctic Shares from the TSX and High Arctic ceasing to be a reporting issuer following completion of the Transaction.

With respect to forward-looking statements contained in this Press Release, the Corporation has made assumptions regarding, among other things: the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary shareholder, court, stock exchange and other approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Transaction; Newport’s ability to fund the consideration payable under the Transaction; High Arctic’s working capital, cash, indebtedness and transaction costs at closing; the ability of High Arctic to complete the disposition of its owned real property and that no event, change or other circumstance will occur that could give rise to the termination of the Arrangement Agreement.

Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the risk that the Transaction may be varied, delayed or terminated, or may not be completed on the terms described herein or at all; the failure to obtain the required shareholder, court, stock exchange or other approvals, or to satisfy or waive the other conditions to completion of the Transaction, in a timely manner or at all; the risk that the consideration payable to High Arctic Shareholders may be reduced pursuant to the purchase price adjustment provisions of the Arrangement Agreement; the risk that the Shareholder Distribution may be less than anticipated or may not be paid; the possibility that a termination fee may become payable by High Arctic; the risk that the announcement or pendency of the Transaction may adversely affect High Arctic’s business, operations and relationships with customers, suppliers and employees; the restrictions on the conduct of High Arctic’s business prior to completion of the Transaction; economic and financial conditions, including volatility in commodity prices; volatility in interest and exchange rates and capital markets; the level of demand and financial performance of the energy industry; changes in customer demand; and developments and changes in laws and regulations, including in the energy industry.

The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this Press Release, along with the risk factors set out in the most recent Annual Information Form filed on SEDAR+ at www.sedarplus.ca and, when available, the Circular. The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.

For further information contact:

Lonn Bate
Interim Chief Executive Officer   
P: 587-318-2218
P: +1 (800) 688 7143 

High Arctic Energy Services Inc.
Suite 2350, 330 – 5th Ave SW
Calgary, Alberta, Canada T2P 0L4
website: www.haes.ca
Email: info@haes.ca

TORONTO, Nov. 13, 2026 (GLOBE NEWSWIRE) — Partners Value Investments Inc. (the “Company”, TSXV: PVF.PR.V, PVF.A) announced today its financial results for the three and nine months ended September 30, 2026. All amounts are stated in United States dollars (“US dollars”).

For the three months ended September 30, 2026, the Company recorded net income of $564 million, compared to a net loss of $2,188 million in the prior year period. The increase in net income was primarily due to remeasurement gains of $476 million associated with the Company’s retractable common shares, remeasurement gains of $70 million associated with the Company’s exchangeable shares and nil warrant liability remeasurement gains (losses) in the current period, compared to remeasurement losses of $1,898 million, $76 million and $252 million associated with the Company’s retractable common shares, exchangeable shares and warrants, respectively, in the prior year period. The increase was partially offset by foreign currency translation losses of $1 million compared to foreign currency translation gains of $15 million in the prior year period.

For the nine months ended September 30, 2026, the Company recorded net income of $1,316 million, compared to a net loss of $1,351 million in the prior year period. The increase in net income was primarily due to remeasurement gains of $1,062 million, $71 million and $109 million associated with the Company’s retractable common shares, exchangeable shares and warrants, respectively, and foreign currency translation gains of $32 million in the current period, compared to remeasurement losses of $1,192 million, $56 million and $136 million associated with the Company’s retractable common shares, exchangeable shares and warrants, respectively, and foreign currency translation losses of $24 million in the prior year period.

The Company’s retractable common shares, exchangeable shares and warrants are classified as liabilities due to their retractable, exchangeable and convertible features, respectively. The remeasurement gains or losses on retractable common shares and exchangeable shares in a given period are driven by the respective depreciation or appreciation of the Partners Value Investments L.P.’s Equity LP unit (“Equity LP unit”) price. The remeasurement gains or losses on warrants in a given period are driven by the respective depreciation or appreciation of the market price of a warrant. The Company’s outstanding warrants expired on June 30, 2026, in accordance with the warrant terms.

Adjusted Earnings is a non-IFRS measure that can be used to evaluate the performance of the Company, defined as net income (loss) attributable to the Company, excluding the impact of remeasurement gains (losses) on retractable common shares, exchangeable shares, and warrant liability, as well as dividends paid on retractable common shares.

Adjusted Earnings for the three months ended September 30, 2026 was $25 million, compared to Adjusted Earnings of $46 million in the prior year period. The decrease in Adjusted Earnings was primarily due to foreign currency translation losses, lower valuation gains on our investment portfolio, higher preferred share dividends and higher current tax expense, partially offset by higher investment income and deferred tax recovery.

Adjusted Earnings for the nine months ended September 30, 2026 was $96 million, compared to Adjusted Earnings of $55 million in the prior year period. The increase in Adjusted Earnings was primarily due to higher investment income, foreign currency translation gains, and deferred tax recovery, partially offset by net investment valuation losses, higher preferred share dividends, and higher current tax expense.

As at September 30, 2026, the market prices of a Brookfield Corporation (“BN”, NYSE/TSX: BN) share and a Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM) share were $36.46 and $44.58, respectively. As at November 13, 2026, the market prices of a BN share and a BAM share were $40.97 and $51.53, respectively.

Unaudited Interim Condensed Consolidated Statements of Operations

For the periods ended September 30 (Thousands, US dollars)		Three months ended								Nine months ended
			2026				2025				2026				2025
Investment income
Dividends		$	30,767			$	30,197			$	92,620			$	90,130
Other investment income			8,174				5,051				23,132				18,679
			38,941				35,248				115,752				108,809
Expenses
Operating expenses			(727	)			(832	)			(2,252	)			(2,980	)
Financing costs			(9,246	)			(10,203	)			(29,339	)			(30,416	)
Preferred share dividends			(10,817	)			(9,277	)			(32,969	)			(27,563	)
			(20,790	)			(20,312	)			(64,560	)			(60,959	)
Other items
Investment valuation gains (losses)			6,098				10,223				(391	)			16,217
Retractable common share remeasurement gains (losses)			475,595				(1,898,035	)			1,061,742				(1,191,968	)
Exchangeable share remeasurement gains (losses)			70,276				(76,293	)			71,011				(55,531	)
Warrant liability remeasurement gains (losses)			—				(251,520	)			108,707				(135,822	)
Amortization of deferred financing costs			(1,006	)			(958	)			(3,037	)			(3,116	)
Foreign currency gains (losses)			(915	)			15,197				31,560				(24,357	)
Current taxes (expense) recovery			(4,314	)			735				(5,411	)			(1,812	)
Deferred taxes (expense) recovery			134				(2,014	)			407				(2,466	)
Net income (loss)		$	564,019			$	(2,187,729	)		$	1,315,780			$	(1,351,005	)

Financial Profile

The Company’s principal investments are its interest in 181 million Class A Limited Voting Shares of BN and approximately 26 million Class A Limited Voting Shares of BAM, which it received pursuant to the spin-off of Brookfield Asset Management Ltd. from Brookfield Corporation in 2022 (collectively, the “Brookfield Shares”). This represents approximately an 8% interest in BN and a 2% interest in BAM as at September 30, 2026. In addition, the Company owns a diversified investment portfolio of marketable securities and private fund interests.

The information in the following table has been extracted from the Company’s Unaudited Interim Condensed Consolidated Statements of Financial Position:

Unaudited Interim Condensed Consolidated Statements of Financial Position

As at (Thousands, US dollars)			September 30, 2026				December 31, 2025
Assets
Cash and cash equivalents			$	462,021			$	376,523
Accounts receivable and other assets				248,377				86,861
Investment in Brookfield Corporation1				6,615,827				8,326,947
Investment in Brookfield Asset Management Ltd.2				1,149,935				1,352,078
Investment in Brookfield Wealth Solutions Ltd.3				385,877				485,516
Other investments				659,158				894,406
			$	9,521,195			$	11,522,331
Liabilities and Equity
Accounts payable and other liabilities			$	114,406			$	19,372
Corporate borrowings				210,571				218,259
Preferred shares4				860,469				878,865
Retractable common shares				7,212,026				8,329,436
Exchangeable shares				874,260				342,712
Warrant liability5				—				657,774
Deferred tax liabilities				14,021				17,445
				9,285,753				10,463,863
Equity
Accumulated deficit				(7,205,070	)			(8,520,850	)
Accumulated other comprehensive income				7,430,454				9,569,260
Non-controlling interests				10,058				10,058
			$	9,521,195			$	11,522,331

1. The investment in Brookfield Corporation consists of 181 million BN shares with a quoted market value of $36.46 per share as at September 30, 2026 (December 31, 2025 – $45.89).
2. The investment in Brookfield Asset Management Ltd. consists of 26 million BAM shares with a quoted market value of $44.58 per share as at September 30, 2026 (December 31, 2025 – $52.39).
3. Brookfield Wealth Solutions Ltd. Class A shares are exchangeable into BN Class A shares on a one-for-one basis.
4. Comprises $873 million of retractable preferred shares less $13 million of deferred financing costs as at September 30, 2026 (December 31, 2025 – $895 million and $16 million, respectively).
5. The Company’s outstanding warrants expired on June 30, 2026, in accordance with the warrant terms.

Reconciliation of Non-IFRS Measure

The following table reconciles Adjusted Earnings to net income (loss) attributable to the Company for the three and nine months ended September 30, 2026 and 2025:

For the periods ended September 30 (Thousands, US dollars)	Three months ended								Nine months ended
		2026				2025				2026				2025
Net income (loss) attributable to the Company	$	564,019			$	(2,187,729	)		$	1,315,780			$	(1,351,005	)
Add back or deduct:
Retractable common share remeasurement (gains) losses		(475,595	)			1,898,035				(1,061,742	)			1,191,968
Exchangeable share remeasurement (gains) losses		(70,276	)			76,293				(71,011	)			55,531
Warrant liability remeasurement (gains) losses		—				251,520				(108,707	)			135,822
Dividends paid on retractable common shares		6,860				7,645				22,150				22,940
Adjusted Earnings	$	25,008			$	45,764			$	96,470			$	55,256

For further information, contact Investor Relations at ir@pvii.ca.

Notice to Readers

The Company is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement.

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of the Company, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of the Company are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions.

Although the Company believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including acquisitions and dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; failure of our information and technology systems; developments in artificial intelligence; and other risks and factors detailed from time to time in the Company’s documents filed with the securities regulators in Canada.

We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release and such other date specified herein. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

Past performance is not indicative of, nor a guarantee of, future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns, or growth objectives will be met or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).

TORONTO, Nov. 13, 2026 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”, TSXV:PVF.UN, PVF.PR.U) announced today its financial results for the three and nine months ended September 30, 2026. All amounts are stated in United States dollars (“US dollars”).

For the three months ended September 30, 2026, the Partnership recorded net income of $21 million, of which $19 million was attributable to the Equity Limited Partners, and $2 million to Preferred Limited Partners. For the three months ended September 30, 2025, the Partnership recorded net income of $27 million, of which $25 million was attributable to the Equity Limited Partners, and $2 million to Preferred Limited Partners. The decrease in net income was primarily due to foreign currency translation losses, higher preferred share dividends, higher current tax expense, and lower investment valuation gains, partially offset by higher investment income and deferred tax recovery.

For the nine months ended September 30, 2026, the Partnership recorded net income of $67 million, of which $60 million was attributable to Equity Limited Partners and $7 million to Preferred Limited Partners. For the nine months ended September 30, 2025, the Partnership recorded net income of $46 million, of which $39 million was attributable to Equity Limited Partners and $7 million to Preferred Limited Partners. The increase in net income was primarily due to higher investment income, foreign currency translation gains, and deferred tax recovery, partially offset by higher financing costs, higher preferred share dividends and current tax expense.

As at September 30, 2026, the market price of a Brookfield Corporation (“BN”, NYSE/TSX: BN) share and a Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM) share was $36.46 and $44.58, respectively. As at November 13, 2026, the market price of a BN share and a BAM share was $40.97 and $51.53, respectively.

Unaudited Interim Condensed Consolidated Statements of Operations

For the periods ended September 30, (Thousands, US dollars)		Three months ended								Nine months ended
			2026				2025				2026				2025
Investment income
Dividends		$	29,234			$	26,631			$	88,127			$	79,431
Other investment income			10,169				5,053				27,519				18,682
			39,403				31,684				115,646				98,113
Expenses
Operating expenses			(812	)			(1,087	)			(2,880	)			(3,487	)
Financing costs			(4,330	)			(2,558	)			(11,514	)			(7,476	)
Preferred share dividends			(12,478	)			(10,939	)			(37,961	)			(32,547	)
			(17,620	)			(14,584	)			(52,355	)			(43,510	)
Other items
Investment valuation gains (losses)			6,098				10,223				(391	)			16,217
Amortization of deferred financing costs			(1,006	)			(958	)			(3,037	)			(3,116	)
Foreign currency gains (losses)			(1,852	)			2,056				12,230				(17,825	)
Current taxes (expense) recovery			(4,314	)			735				(5,411	)			(1,812	)
Deferred taxes (expense) recovery			134				(2,014	)			407				(2,466	)
Net income (loss)		$	20,843			$	27,142			$	67,089			$	45,601
Net income (loss) attributable to:
Equity Limited Partners		$	19,210			$	24,730			$	60,165			$	38,351
Preferred Limited Partners			1,633				2,412				6,924				7,250
		$	20,843			$	27,142			$	67,089			$	45,601

Fully diluted net asset value (“NAV”), a non-IFRS measure, is equal to total equity less General Partner equity, Preferred Limited Partners equity, carrying value of non-controlling interests, an adjustment for the fair value of non-controlling interests and deferred financing costs, plus the value of consideration to be received from the assumed exercise of outstanding warrants.

The following table presents the changes in fully diluted NAV for the nine months ended September 30, 2026 and 2025:

As at and for nine months ended September 30, (Thousands, US dollars, except per unit amounts)	2026							2025
	Total				Per Unit			Total				Per Unit
Fully diluted NAV, beginning of period	$	9,585,442			$	12.23		$	7,919,063			$	10.44
Net income1		60,165							38,351
Other comprehensive income1		(2,111,597	)						1,562,214
Adjustment for impact of warrants2		(125,091	)						15,196
Preferred LP units surrendered and cancelled as part of warrant exercise3		69,627							—
Change in the fair value of non-controlling interests4		218,448							184,399
Change in deferred financing costs		3,100							(4,075	)
Repurchases under normal-course issuer bid		(20,745	)						(8,255	)
Fully diluted NAV, end of period5	$	7,679,349			$	9.89		$	9,706,893			$	12.39

1. Attributable to Equity Limited Partners.
2. As at September 30, 2026, the value of consideration to be received on exercising warrants was $nil (December 31, 2025 – $130 million) inclusive of the impact of foreign currency translation movements. The warrants expired on June 30, 2026, in accordance with the warrant terms.
3. Preferred LP units surrendered in satisfaction of the warrant exercise price.
4. Determined based on the net asset value of non-controlling interests held in certain subsidiaries of the Partnership.
5. As at September 30, 2026, on a fully diluted basis there were 776.8 million (September 30, 2025 – 783.7 million) Equity LP units outstanding; this includes 700.2 million (September 30, 2025 – 697.6 million) outstanding Equity LP units, 76.6 million (September 30, 2025 – 26.1 million) Equity LP units which are issuable in exchange for Partners Value Investments Inc. shares, and nil (September 30, 2025 – 60.0 million) units from the assumed exercise of nil (September 30, 2025 – 27.1 million) warrants.

Financial Profile

The Partnership’s principal investments are its interest in approximately 181 million Class A Limited Voting Shares of BN and approximately 29 million Class A Limited Voting Shares of BAM, which it received pursuant to the spin-off of Brookfield Asset Management Ltd. from Brookfield Corporation in 2022 (collectively, the “Brookfield Shares”). This represents approximately an 8% interest in BN and a 2% interest in BAM as at September 30, 2026. In addition, the Partnership owns a diversified investment portfolio of marketable securities and private fund interests.

The information in the following table has been extracted from the Partnership’s Consolidated Statements of Financial Position:

Consolidated Statements of Financial Position

As at (Thousands, US dollars)		September 30, 2026			December 31, 2025
Assets
Cash and cash equivalents		$	747,376		$	376,535
Accounts receivable and other assets			53,389			54,439
Investment in Brookfield Corporation1			6,615,827			8,326,947
Investment in Brookfield Asset Management Ltd.2			1,310,474			1,614,028
Investment in Brookfield Wealth Solutions Ltd.3			449,939			566,120
Other investments			358,428			396,237
		$	9,535,433		$	11,334,306
Liabilities and equity
Accounts payable and other liabilities		$	329,371		$	31,939
Corporate borrowings			210,571			218,259
Preferred shares4			1,096,482			1,114,878
Deferred tax liabilities			14,021			17,445
			1,650,445			1,382,521
Equity
Equity Limited Partners			7,773,455			9,770,625
Preferred Limited Partners			82,353			151,980
Non-controlling interests			29,180			29,180
			7,884,988			9,951,785
		$	9,535,433		$	11,334,306

1. The investment in Brookfield Corporation consists of 181 million BN shares with a quoted market value of $36.46 per share as at September 30, 2026 (December 31, 2025 – $45.89).
2. The investment in Brookfield Asset Management Ltd. consists of 29 million BAM shares with a quoted market value of $44.58 per share as at September 30, 2026 (December 31, 2025 – $52.39).
3. Brookfield Wealth Solutions Ltd. (“BWS”) Class A shares are exchangeable into BN Class A shares on a one-for-one basis.
4. Comprises $873 million of retractable preferred shares of Partners Value Investments Inc. and Partners Value Split Corp. less $13 million of deferred financing costs as at September 30, 2026 (December 31, 2025 – $895 million and $16 million, respectively) and $236 million of three series of Preferred LP units of the Partnership (December 31, 2025 – $236 million).

Reconciliation of Non-IFRS Measure

The following table reconciles fully diluted NAV to total equity as at September 30, 2026, December 31, 2025, September 30, 2025 and December 31, 2024:

As at (Thousands, US dollars)	September 30, 2026				December 31, 2025				September 30, 2025				December 31, 2024
Total Equity	$	7,884,988			$	9,951,785			$	10,034,959			$	8,442,709
Less:
Preferred Limited Partners equity		(82,353	)			(151,980	)			(151,980	)			(152,040	)
Non-controlling interests at carrying value		(29,180	)			(29,180	)			(29,030	)			(29,030	)
Adjustment for the fair value of non-controlling interests		(80,873	)			(299,321	)			(262,812	)			(447,211	)
Deferred financing costs		(13,233	)			(16,333	)			(13,483	)			(9,408	)
Add:
Consideration to be received on exercise of warrants1		—				130,471				129,239				114,043
Fully diluted NAV, end of period	$	7,679,349			$	9,585,442			$	9,706,893			$	7,919,063

1. The warrants expired on June 30, 2026, in accordance with the warrant terms.

For further information, contact Investor Relations at ir@pvii.ca or (416) 359-8534.

Notice to Readers

The Partnership is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement.

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of the Partnership, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of the Partnership are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions.

Although the Partnership believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation, the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including acquisitions and dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; failure of our information and technology systems; developments in artificial intelligence; and other risks and factors detailed from time to time in the Partnership’s documents filed with the securities regulators in Canada.

We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release and such other date specified herein. Except as required by law, the Partnership undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

Past performance is not indicative of, nor a guarantee of, future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns, or growth objectives will be met or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).

HIGHLIGHTS

• Q3 2026 gold production of 48,517 equivalent ounces at a consolidated AISC of $4,860 per ounce; nine month 2026 gold production of 165,594 equivalent ounces, up 41.0% year-on-year, at a consolidated AISC of $4,308 per ounce.
• Chirano delivered improved quarterly production of 34,420 gold equivalent ounces, up 34.4% year-on-year, primarily driven by higher-grade ore from Aboduabo.
• Bibiani production was impacted by operational challenges, including reduced availability of the principal mining contractor in the Main Pit, lower plant recovery, power disruptions and slower than anticipated resettlement. As a result, 2026 production and AISC guidance has been withdrawn. A second contractor has been onboarded to expedite waste clearance from the January 2026 south-east wall failure in the Main Pit. This is expected to be completed in early December 2026, allowing renewed ore access in that area  by Q1 2027.
• Nine month 2026 revenue of $756.7 million, up 103.3% year-on-year, driven by a 40.2% increase in average realized gold price together with a 45.1% increase in gold equivalent ounces sold.
• Adjusted EBITDA increased to $194.8 million for the nine months ended September 30, 2026, compared with $0.6 million for the prior year comparable period, and $34.7 million for Q3 2026.
• Strong initial drill results were returned from the Bibiani Bridge area between the Main Pit and Cut 5, including 60m at 3.13 Au(g/t) from 103m in hole MGRC26-763, 48m at 2.12 g/t Au from 42m, 25m at 4.95 g/t Au from 119m and 6m at 62.48 g/t Au from 136m, supporting the potential to extend open-pit mining (refer to separate 13 Nov. press release).
• Expanding the Main Pit to include the Bibiani Bridge would potentially enable portions of the existing northern Main Pit underground Mineral Resource to be accessed from surface and thereby reallocated into the open-pit LOM plan. In turn, this would allow the deferral of significant underground development capital expenditure currently planned for 2027 and 2028. Management plans to accelerate drilling, assaying, and mine planning in this area with results to be incorporated into an updated Main Pit Mineral Resource model and revised mine plan.

Table 1: Operating and Financial Highlights

	Three months ended				Nine Months Ended
	September 30 2026		October 31 2025		September 30 2026		October 31 2025		Δ 9M 2026 vs. 9M 2025
OPERATIONS RESULTS
Gold equivalent produced (oz)	48,517		37,333		165,594		117,459		+41.0%
Gold sold (oz)	50,943		35,982		168,814		116,377		+45.1%
Realized gold price ($/oz)	4,178		3,594		4,482		3,197		+40.2%
AISC ($/oz)	4,860		4,574		4,308		3,830		+12.5%
FINANCIAL RESULTS
Revenue ($)	212,832		129,329		756,668		372,112		+103.3%
Gross profit (loss) ($)	3,402		(18,953	)	79,161		(59,731	)	n.a.
Total comprehensive loss attributable to shareholders($)	(41,900	)	(215,202	)	(83,240	)	(296,270	)	+71.9%
Adjusted EBITDA ($)	34,669		(6,408	)	194,761		597		n.m.

VANCOUVER, British Columbia, Nov. 13, 2026 (GLOBE NEWSWIRE) — Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or the “Company”) reports its operating and financial results for the three and nine months ended September 30, 2026, with highlights provided in Table 1 below. This press release is a clarification to, and replaces in its entirety, the press release dated November 12, 2026 that was issued by a news service without the Company’s authorization. Although the financial information in this press release is substantially and materially similar to the financial information in the November 12, 2026 press release, readers are advised to disregard the November 12, 2026 press release. All dollar figures are in United States dollars unless otherwise indicated. Following the change in the Company’s financial year end to December 31, comparative figures are for the three and nine months ended October 31, 2025.

Campbell Baird, Acting Chief Executive Officer of Asante, commented:

“We continue to make progress in resetting the business, although there is still considerable work ahead of us. Our priority remains on improving operational performance across both mines and establishing a more consistent and sustainable production base in order to realize the true organic potential of Chirano and Bibiani, which we believe to be substantial. We are in the process of finalizing a comprehensive operational turnaround plan, which diagnoses the individual drivers of the persistent underperformance of the assets, and which will define the corresponding remediation steps required for resolution. That plan is expected to set timelines for the achievement of remediation milestones and to quantify any related capital requirements. Asante expects to communicate the turnaround plan to the market in January 2027 once finalized.

Chirano delivered a stronger quarter, with production up 34% on the comparable quarter in 2025, and we continue to identify opportunities to improve productivity and efficiency. At Bibiani, production was impacted by a number of factors, including mining contractor equipment availability, power disruptions, lower plant recoveries, and resettlement delays, leading us to withdraw our 2026 production and cost guidance. We have since mobilized a second mining contractor to accelerate waste clearance in the southeast area of the Main Pit, with ore access expected to be restored from Q1 2027. In parallel, we are implementing measures to improve plant stability and power reliability, including additional backup generation capacity and automated restart capabilities, to support more consistent production.

At the same time, we’re encouraged by the initial drilling results at the Bibiani Bridge area, which are highlighting a significant opportunity to improve the mine plan that must be fast-tracked. An expanded Main Pit could allow us to access mineralization currently planned for underground mining and potentially defer significant development capital. This is an important example of our broader objective to maximise Asante’s organic potential, to boost capital efficiency and to unlock greater value from our operations.”

Operating Summary

Bibiani Gold Mine

Table 2: Operational Overview of Bibiani Gold Mine

	Three months ended				Nine months ended
For the period ended	September 30, 2026		October 31, 2025		September 30, 2026		October 31, 2025
Ore mined (kt)	556.3		341.6		2,069.7		1,175.8
Waste mined (kt)	13,437.7		16,865.3		44,459.2		40,523.1
Total material mined (kt)	13,994.0		17,207.0		46,528.9		41,698.9
Stripping ratio	24.16		49.37		21.48		34.46
Ore processed (kt)	675.6		650.6		2,144.1		1,707.5
Grade (g/t)	1.10		0.91		1.36		1.08
Gold recovery (%)	57.6	%	55.9	%	70.7	%	63.2	%
Gold equivalent produced (oz)	14,097		11,721		65,835		37,220
Gold equivalent sold (oz)	14,636		9,969		68,787		35,494
Revenue (USD in thousands)	56,685		29,115		300,188		98,806
Average gold price realized per ounce ($/oz)	3,873		2,921		4,364		2,784
AISC ($/oz)	7,681		8,776		4,994		6,464

Total material mined at Bibiani was 46.5 million tonnes for the nine months ended September 30, 2026, an increase of 11.6% on the prior year comparable period, with mining rates increasing from Q4 2025 through the first five months of 2026. In Q3 2026, total material mined was 14.0 million tonnes, a decrease of 18.7% on the prior year comparable period, primarily due to reduced equipment availability of the principal mining contractor in the Main Pit, which slowed remediation of the Main Pit southeast wall and access to higher grade ore. Outstanding resettlement of Phase 1 households also restricted blasting and access to planned mining areas in the Main Pit. A second contractor has been onboarded to augment production, and the Walsh Pit is being backfilled to provide short haul opportunities.

Russel Pit was completed during Q3 2026, with 9,187 ounces of gold contained in ore mined during the quarter and 93,875 contained ounces mined over the life of the pit. Main Pit Cut 6, a satellite deposit north of the Main Pit, was also commissioned to maintain ore delivery, and Main Pit Cut 2 was re-engineered to absorb the waste movement deficit. Remediation of the Main Pit southeast wall is expected to be completed in early December 2026, supporting increased ore delivery in Q1 2027.

Gold equivalent production at Bibiani was 14,097 ounces in Q3 2026 and 65,835 ounces for the nine months ended September 30, 2026, compared with 11,721 ounces and 37,220 ounces in the respective prior-year periods, reflecting increased ore throughput, higher plant feed grades and improved recoveries. Gold recovery averaged 57.6% in Q3 2026 and 70.7% for the nine-month period, compared with 55.9% and 63.2%, respectively, in the prior year. However, Q3 recovery declined from 75.2% in H1 2026, reflecting plant performance and stability issues, as well as power disruptions during the quarter.

An independent technical review of the Bibiani processing plant, completed by CrystalForge Technologies (CFT) in September 2026, identified the crushing and grinding circuit as the main constraint on plant performance. Following the removal of the original primary crusher from service, the plant has relied on mobile crushing units, which produce feed that does not meet the design specification of the SAG mill. This has prevented consistent grinding, which in turn has affected flotation and leach performance. A plant stability and reliability program is being implemented, and CFT’s work with the Company is ongoing. The Company expects to update the market on the plant remediation and recommissioning work recommended by CFT as part of its operational turnaround plan (see “2026 Outlook”).

AISC decreased to $7,681 per ounce for Q3 2026 and $4,994 per ounce for the nine months, from $8,776 per ounce and $6,464 per ounce, respectively, primarily due to higher gold equivalent ounces sold, partially offset by higher cost of sales and sustaining capital expenditures. AISC in Q3 2026 was higher than the $4,268 per ounce reported in H1 2026, reflecting lower ounces sold as plant feed grade and recovery declined.

The Company’s resettlement programme for the Bibiani Old Town and Zongo communities continued to progress during the period. Approximately $57 million has been invested in the programme to date, including the construction of a new school complex. Relocation of Phase 1 households to the new site commenced in late July 2026, with implementation advancing at a measured pace as the Company continues engaging closely with affected households. As at September 30, 2026, 457 of 846 Phase 1 households had been relocated, with the monthly rate increasing from 12 households in July to 201 households in August and 244 households in September. The Company is working with the remaining households with the aim of completing the Phase 1 relocation by the end of 2026.

Chirano Gold Mine

Table 3: Operational Overview of Chirano Gold Mine

	Three months ended				Nine months ended
For the period ended	September 30, 2026		October 31, 2025		September 30, 2026		October 31, 2025
Open Pit Mining:
Ore mined (kt)	584.8		242.1		1,621.8		747.1
Waste mined (kt)	4,591.6		2,929.0		14,992.9		6,471.9
Total material mined (kt)	5,176.4		3,171.2		16,614.7		7,218.9
Stripping ratio	7.85		12.10		9.24		8.66
Underground Mining:
Ore mined (kt)	462.7		487.6		1,325.2		1,296.1
Waste mined (kt)	183.8		153.1		545.3		527.7
Total material mined (kt)	646.6		640.7		1,870.6		1,823.7
Ore processed (kt)	961.7		924.0		2,890.1		2,683.9
Grade (g/t)	1.33		0.93		1.30		1.12
Gold recovery (%)	84.1	%	82.0	%	82.0	%	83.6	%
Gold equivalent produced (oz)	34,420		25,612		99,759		80,239
Gold equivalent sold (oz)	36,307		26,013		100,027		80,883
Revenue (USD in thousands)	156,147		100,214		456,480		273,306
Average gold price realized per ounce ($/oz)	4,301		3,852		4,564		3,379
AISC ($/oz)	3,722		2,964		3,836		2,673

Open pit ore mined at Chirano increased by 141.5% and 117.1% in Q3 2026 and the nine months ended September 30, 2026, respectively, compared to the prior year comparable periods, primarily driven by the ramp up of open pit activities at Aboduabo in early 2026, supported by an expanded contractor fleet. Underground ore mined decreased by 5.1% in Q3 2026, primarily due to fewer ore tonnes mined from Suraw, and increased by 2.2% for the nine months, primarily due to higher ore tonnes mined from Akoti and Tano.

Gold equivalent production at Chirano was 34,420 ounces for Q3 2026 and 99,759 ounces for the nine months, up from 25,612 ounces and 80,239 ounces in the prior year comparable periods, reflecting higher ore processed and higher grade, partially offset by a slightly lower recovery rate for the nine months due to a higher proportion of Aboduabo material in the blend. AISC increased to $3,722 per ounce for Q3 2026 and $3,836 per ounce for the nine months, from $2,964 per ounce and $2,673 per ounce, respectively, primarily due to higher royalties reflecting the Company’s revenue based royalty structure in Ghana combined with the higher average realized gold price, and higher sustaining capital expenditures, including underground development at Obra and Suraw, open pit stripping at Sariehu and the tailings storage facility embankment raise.

Key project milestones included completion of the crushing circuit upgrade, which became operational at the end of October 2026, replacement of the Mill 02 feed end half shell, installation of a carbon regeneration kiln with commissioning scheduled for November 2026, installation of CIL intertank screens and carbon advance pumps, and progress on the TSF1 southeast stage 2 raise, with Phase 1 approximately 95% complete as at September 2026.

Exploration

Exploration expenditure at Bibiani and Chirano totalled $4.5 million for Q3 2026 and $16.6 million for the nine months ended September 30, 2026, with 26,234 metres drilled during the quarter and 83,963 metres for the nine months.

Bibiani:

During Q3 2026, the Company completed a review of near mine exploration opportunities at Bibiani, identifying priority targets with the potential to support open pit extensions, including the Bridge area between the Main Pit and Cut 5, the gap between Cut 5 and Cut 6, and down dip extensions beneath Cut 5. An 8,000m reverse circulation and diamond drilling programme commenced during the period to test these targets, planned over approximately 350m of strike and to a depth of approximately 150m.

The Bridge hosts Inferred Mineral Resources and Indicated Mineral Resources, which are incorporated in the current underground mine design. With previous mine planning focused on underground development, the potential to access this mineralization through an expanded open pit had not been fully evaluated.

Subsequent to quarter end, initial results from infill drilling at the Bridge were received, supporting the continuity of mineralization between the Main Pit and Cut 5. Significant intercepts include including 60m at 3.13 Au(g/t) from 103m in hole MGRC26-763, 48m at 2.12 g/t Au from 42m in hole MGRC26‑741, which ended in mineralization at 90m; 25m at 4.95 g/t Au from 119m in MGRC26‑762B; 40m at 2.76 g/t Au from 65m in MGRC26‑743; 13m at 5.59 g/t Au from 85m and 60m at 3.13 g/t Au from 103m in MGRC26‑763; and 6m at 62.48 g/t Au from 136m in MGRC26‑765 (refer to news release, “Bridge Drilling Programme Results”, dated November 13, 2026).

The current Bibiani underground plan is based on the 2025 Definitive Feasibility Study, which favoured an earlier transition from open pit to underground mining beneath the Main Pit. The results received to date are supportive of an alternative scenario that would extend open pit operations between the existing pits, including access to parts of the northern Main Pit underground Mineral Resource from surface (refer to 13 November related press release).

Continued success from the Bibiani Bridge drill programme could increase open pit ore availability and extend surface operations, which could in turn result in the deferral of the underground development and related capital expenditure currently planned for 2027 and 2028. Any revision to the mine plan remains subject to the results of further drilling and technical and economic evaluation. No firm estimate of additional tonnes, grade, mine life extension has been made at this stage. The 8,000m drilling programme is expected to be completed in Q4 2026, and the results will be incorporated into an updated Main Pit Mineral Resource model and revised mine plan.

Chirano

Exploration continued during Q3 2026 at Obra North Extensions, Suraw, Sariehu UG and Mamnao North. At Mamnao North, mineralization has been extended laterally by approximately 250m along strike and 200m vertically at depth. Resource models for Sariehu UG, Suraw and Obra UG have been completed for further engineering studies. At the Anansu Prospecting Licence, all drill platforms are ready for the commencement of drill testing in Q4 2026.

Corporate Update

During the quarter, David Wiens resigned as Chief Financial Officer, effective August 14, 2026, with Dindiok Chialin, Deputy CFO, appointed Interim CFO (refer to news releases dated July 27, 2026 and August 17, 2026).

Liquidity and Financing Update

As at September 30, 2026, the Company had cash of $64.0 million and a working capital deficiency of $309.7 million. Cash provided from operating activities for the nine months ended September 30, 2026 was $233.4 million, offset by $226.6 million used in investing activities, including $135.3 million of expenditures on mineral properties, $84.4 million of purchases of property, plant and equipment and $7.0 million on exploration and evaluation assets. Cash provided from financing activities was $14.0 million, including $140.1 million of proceeds from private placements, offset by $95.2 million paid to settle price protection agreements and $21.4 million of interest paid.

During the quarter, the Company received the remaining $30.0 million under its $50.0 million gold forward agreement (refer to news release dated August 14, 2026), following novation of the agreement to a third party. The Company’s lenders also agreed to extend the deadline to secure aggregate new funding of at least $100.0 million, initially to September 30, 2026 and subsequently to October 31, 2026, and to extend the deadline for delivery of the cost to complete certificate to March 31, 2027, to extend the deadline for delivery of the updated base case model to December 31, 2026, to permit the funding requirement to be satisfied by gold forward deposits, and to consent to a sixth $100.0 million deposit under the Company’s gold forward agreement with Fujairah Holdings LLC (refer to news releases dated August 24, 2026 and September 30, 2026).

Subsequent to quarter end, the deadline to secure the new funding was further extended to November 30, 2026, and the minimum liquidity requirement for October 2026 was reduced to $20.0 million, which the Company met (refer to news release dated October 30, 2026), and the Company’s senior lenders approved a Technical Action Plan setting out operational improvement initiatives and performance measures for the Bibiani and Chirano mines. Failure to meet the key performance indicators under the Technical Action Plan would result in an event of default under the Company’s senior debt facility. The Company continues to evaluate funding alternatives with its financing partners. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern (refer to the Company’s MD&A and condensed interim consolidated financial statements for the three and nine months ended September 30, 2026).

2026 Outlook

On August 7, 2026, the Company provided full year 2026 production guidance of 275,000 to 300,000 equivalent ounces at consolidated AISC of $3,200 to $3,600 per ounce. Production for the nine months ended September 30, 2026 was 165,594 equivalent ounces at consolidated AISC of $4,308 per ounce. As a result of operational underperformance at Bibiani in the third quarter, including lower than planned contractor equipment availability in the Main Pit, reduced plant recovery, power disruptions and a slower than anticipated resettlement program, the Company no longer expects to achieve its 2026 guidance and has withdrawn it.

A second mining contractor has been mobilized to accelerate waste clearance following the January 2026 southeast wall slip in the Main Pit. Remediation is expected to be completed in early December 2026, restoring access to higher grade ore from Q1 2027. In parallel, the Company is implementing measures to improve plant stability and power reliability, including additional backup generation capacity, expected by the end of 2026, and automated restart capabilities.

The Company is finalizing a comprehensive operational turnaround plan for Bibiani and Chirano, which will identify the drivers of underperformance at each operation and set out the remediation steps required, timelines for key milestones and any related capital requirements. The plan will identify the drivers of underperformance at each operation, and set out the remediation steps required, timelines for key milestones and any related capital requirements. It will incorporate the plant remediation and recommissioning work recommended by CFT. Any capital requirements will be considered as part of the Company’s ongoing evaluation of funding alternatives. The Company expects to communicate the turnaround plan to the market in January 2027.

QUALIFIED PERSON STATEMENT

The scientific and technical information in this news release has been reviewed and approved by Dean Bertram, Vice President, Geology and Exploration of the Company and a “qualified person” as defined under National Instrument 43-101. For a detailed discussion of results for the third quarter, please refer to the Management’s Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca and Asante’s website at www.asantegold.com. Drilling results referred to in this news release are disclosed in the Company’s news release titled “[Bridge release title]” dated November 13, 2026, which includes details of sampling, analytical and QAQC procedures and data verification.

NON-IFRS MEASURES

This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards (“IFRS”), including “all in sustaining costs” (or “AISC”) and “earnings before interest, taxes, depreciation and amortization” (or “EBITDA”). Non-IFRS measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS, and should be read in conjunction with Asante’s consolidated financial statements. Readers should refer to Asante’s Management Discussion and Analysis under the heading “Non-IFRS Measures” for a more detailed discussion of how Asante calculates these measures and a reconciliation to the most directly comparable IFRS measures.

CONTACT INFORMATION 

Camilla Golding – Investor Relations Manager
investor@asantegold.com
+1 604 661 9400 or +233 303 972 147

ABOUT ASANTE GOLD CORPORATION

Asante Gold Corporation is a growing mid-tier gold producer, developer and explorer with a high-quality portfolio of assets located on two of West Africa’s most prolific and prospective gold belts in Ghana. The Company operates the Bibiani and Chirano Gold Mines on the Sefwi-Bibiani Gold Belt in Ghana’s Western North Region, where it holds an extensive and underexplored land position spanning more than 80 kilometres of strike. Asante is also advancing its Kubi Gold Project on the Ashanti Gold Belt, extending the Company’s footprint across Ghana’s most productive gold corridor. Committed to responsible mining and the creation of lasting value for its shareholders, people and host communities, Asante is listed on the TSX Venture Exchange, the Ghana Stock Exchange, and the OTCQX Market in the United States. Additional information is available on the Company’s website at www.asantegold.com.

CAUTIONARY STATEMENT ON FORWARD LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: production and all-in sustaining costs forecasts for the Bibiani and Chirano Gold Mines, improvement of results, exploration results and potential development programmes, expansion and mine life extension opportunities, completion and timing of plant upgrades, grade ore improvements and plant throughput increases, the results and timing of drilling at Bibiani, the review of the Bibiani mine plan, the potential expansion of open pit mining and deferral of underground development capital expenditure, the timing of remediation of the Bibiani Main Pit, and financing and lender arrangements.  These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the impact of inflation and disruptions to the global, regional and local supply chains; tonnage of mineralized material to be mined and processed; future anticipated prices for gold and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; risks related to increased barriers to trade, including tariffs and duties; ore grades and recoveries; capital, decommissioning and reclamation estimates; our mineral reserve and mineral resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to mineral properties and the surface rights necessary for our operations, including contractual rights from third parties and adjacent property owners; whether the Company is able to maintain a strong financial condition and have sufficient capital, or have access to capital, to sustain our business and operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the duration and effect of local and world-wide inflationary pressures and the potential for economic recessions; fluctuations in the price of gold; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships and claims by local communities; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in countries where the Company may carry on business, including legal restrictions relating to mining, risks relating to expropriation; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, the Company’s inability to raise the necessary capital or to be fully able to implement its business and growth strategies, and those risk factors identified in the Company’s management’s discussions and analysis and the most recent annual information form. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither CIRO nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

HIGHLIGHTS

• Q3 2026 gold production of 48,517 equivalent ounces at a consolidated AISC of $4,860 per ounce; nine month 2026 gold production of 165,594 equivalent ounces, up 41.0% year-on-year, at a consolidated AISC of $4,308 per ounce.
• Chirano delivered improved quarterly production of 34,420 gold equivalent ounces, up 34.4% year-on-year, primarily driven by higher-grade ore from Aboduabo.
• Bibiani production was impacted by operational challenges, including reduced availability of the principal mining contractor in the Main Pit, lower plant recovery, power disruptions and slower than anticipated resettlement. As a result, 2026 production and AISC guidance has been withdrawn. A second contractor has been onboarded to expedite waste clearance from the January 2026 south-east wall failure in the Main Pit. This is expected to be completed in early December 2026, allowing renewed ore access in that area  by Q1 2027.
• Nine month 2026 revenue of $756.7 million, up 103.3% year-on-year, driven by a 40.2% increase in average realized gold price together with a 45.1% increase in gold equivalent ounces sold.
• Adjusted EBITDA increased to $194.8 million for the nine months ended September 30, 2026, compared with $0.6 million for the prior year comparable period, and $34.7 million for Q3 2026.
• Strong initial drill results were returned from the Bibiani Bridge area between the Main Pit and Cut 5, including 60m at 3.13 Au(g/t) from 103m in hole MGRC26-763, 48m at 2.12 g/t Au from 42m, 25m at 4.95 g/t Au from 119m and 6m at 62.48 g/t Au from 136m, supporting the potential to extend open-pit mining (refer to separate 13 Nov. press release).
• Expanding the Main Pit to include the Bibiani Bridge would potentially enable portions of the existing northern Main Pit underground Mineral Resource to be accessed from surface and thereby reallocated into the open-pit LOM plan. In turn, this would allow the deferral of significant underground development capital expenditure currently planned for 2027 and 2028. Management plans to accelerate drilling, assaying, and mine planning in this area with results to be incorporated into an updated Main Pit Mineral Resource model and revised mine plan.

Table 1: Operating and Financial Highlights

	Three months ended				Nine Months Ended
	September 30 2026		October 31 2025		September 30 2026		October 31 2025		Δ 9M 2026 vs. 9M 2025
OPERATIONS RESULTS
Gold equivalent produced (oz)	48,517		37,333		165,594		117,459		+41.0%
Gold sold (oz)	50,943		35,982		168,814		116,377		+45.1%
Realized gold price ($/oz)	4,178		3,594		4,482		3,197		+40.2%
AISC ($/oz)	4,860		4,574		4,308		3,830		+12.5%
FINANCIAL RESULTS
Revenue ($)	212,832		129,329		756,668		372,112		+103.3%
Gross profit (loss) ($)	3,402		(18,953	)	79,161		(59,731	)	n.a.
Total comprehensive loss attributable to shareholders($)	(41,900	)	(215,202	)	(83,240	)	(296,270	)	+71.9%
Adjusted EBITDA ($)	34,669		(6,408	)	194,761		597		n.m.

VANCOUVER, British Columbia, Nov. 13, 2026 (GLOBE NEWSWIRE) — Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or the “Company”) reports its operating and financial results for the three and nine months ended September 30, 2026, with highlights provided in Table 1 below. This press release is a clarification to, and replaces in its entirety, the press release dated November 12, 2026 that was issued by a news service without the Company’s authorization. Although the financial information in this press release is substantially and materially similar to the financial information in the November 12, 2026 press release, readers are advised to disregard the November 12, 2026 press release. All dollar figures are in United States dollars unless otherwise indicated. Following the change in the Company’s financial year end to December 31, comparative figures are for the three and nine months ended October 31, 2025.

Campbell Baird, Acting Chief Executive Officer of Asante, commented:

“We continue to make progress in resetting the business, although there is still considerable work ahead of us. Our priority remains on improving operational performance across both mines and establishing a more consistent and sustainable production base in order to realize the true organic potential of Chirano and Bibiani, which we believe to be substantial. We are in the process of finalizing a comprehensive operational turnaround plan, which diagnoses the individual drivers of the persistent underperformance of the assets, and which will define the corresponding remediation steps required for resolution. That plan is expected to set timelines for the achievement of remediation milestones and to quantify any related capital requirements. Asante expects to communicate the turnaround plan to the market in January 2027 once finalized.

Chirano delivered a stronger quarter, with production up 34% on the comparable quarter in 2025, and we continue to identify opportunities to improve productivity and efficiency. At Bibiani, production was impacted by a number of factors, including mining contractor equipment availability, power disruptions, lower plant recoveries, and resettlement delays, leading us to withdraw our 2026 production and cost guidance. We have since mobilized a second mining contractor to accelerate waste clearance in the southeast area of the Main Pit, with ore access expected to be restored from Q1 2027. In parallel, we are implementing measures to improve plant stability and power reliability, including additional backup generation capacity and automated restart capabilities, to support more consistent production.

At the same time, we’re encouraged by the initial drilling results at the Bibiani Bridge area, which are highlighting a significant opportunity to improve the mine plan that must be fast-tracked. An expanded Main Pit could allow us to access mineralization currently planned for underground mining and potentially defer significant development capital. This is an important example of our broader objective to maximise Asante’s organic potential, to boost capital efficiency and to unlock greater value from our operations.”

Operating Summary

Bibiani Gold Mine

Table 2: Operational Overview of Bibiani Gold Mine

	Three months ended				Nine months ended
For the period ended	September 30, 2026		October 31, 2025		September 30, 2026		October 31, 2025
Ore mined (kt)	556.3		341.6		2,069.7		1,175.8
Waste mined (kt)	13,437.7		16,865.3		44,459.2		40,523.1
Total material mined (kt)	13,994.0		17,207.0		46,528.9		41,698.9
Stripping ratio	24.16		49.37		21.48		34.46
Ore processed (kt)	675.6		650.6		2,144.1		1,707.5
Grade (g/t)	1.10		0.91		1.36		1.08
Gold recovery (%)	57.6	%	55.9	%	70.7	%	63.2	%
Gold equivalent produced (oz)	14,097		11,721		65,835		37,220
Gold equivalent sold (oz)	14,636		9,969		68,787		35,494
Revenue (USD in thousands)	56,685		29,115		300,188		98,806
Average gold price realized per ounce ($/oz)	3,873		2,921		4,364		2,784
AISC ($/oz)	7,681		8,776		4,994		6,464

Total material mined at Bibiani was 46.5 million tonnes for the nine months ended September 30, 2026, an increase of 11.6% on the prior year comparable period, with mining rates increasing from Q4 2025 through the first five months of 2026. In Q3 2026, total material mined was 14.0 million tonnes, a decrease of 18.7% on the prior year comparable period, primarily due to reduced equipment availability of the principal mining contractor in the Main Pit, which slowed remediation of the Main Pit southeast wall and access to higher grade ore. Outstanding resettlement of Phase 1 households also restricted blasting and access to planned mining areas in the Main Pit. A second contractor has been onboarded to augment production, and the Walsh Pit is being backfilled to provide short haul opportunities.

Russel Pit was completed during Q3 2026, with 9,187 ounces of gold contained in ore mined during the quarter and 93,875 contained ounces mined over the life of the pit. Main Pit Cut 6, a satellite deposit north of the Main Pit, was also commissioned to maintain ore delivery, and Main Pit Cut 2 was re-engineered to absorb the waste movement deficit. Remediation of the Main Pit southeast wall is expected to be completed in early December 2026, supporting increased ore delivery in Q1 2027.

Gold equivalent production at Bibiani was 14,097 ounces in Q3 2026 and 65,835 ounces for the nine months ended September 30, 2026, compared with 11,721 ounces and 37,220 ounces in the respective prior-year periods, reflecting increased ore throughput, higher plant feed grades and improved recoveries. Gold recovery averaged 57.6% in Q3 2026 and 70.7% for the nine-month period, compared with 55.9% and 63.2%, respectively, in the prior year. However, Q3 recovery declined from 75.2% in H1 2026, reflecting plant performance and stability issues, as well as power disruptions during the quarter.

An independent technical review of the Bibiani processing plant, completed by CrystalForge Technologies (CFT) in September 2026, identified the crushing and grinding circuit as the main constraint on plant performance. Following the removal of the original primary crusher from service, the plant has relied on mobile crushing units, which produce feed that does not meet the design specification of the SAG mill. This has prevented consistent grinding, which in turn has affected flotation and leach performance. A plant stability and reliability program is being implemented, and CFT’s work with the Company is ongoing. The Company expects to update the market on the plant remediation and recommissioning work recommended by CFT as part of its operational turnaround plan (see “2026 Outlook”).

AISC decreased to $7,681 per ounce for Q3 2026 and $4,994 per ounce for the nine months, from $8,776 per ounce and $6,464 per ounce, respectively, primarily due to higher gold equivalent ounces sold, partially offset by higher cost of sales and sustaining capital expenditures. AISC in Q3 2026 was higher than the $4,268 per ounce reported in H1 2026, reflecting lower ounces sold as plant feed grade and recovery declined.

The Company’s resettlement programme for the Bibiani Old Town and Zongo communities continued to progress during the period. Approximately $57 million has been invested in the programme to date, including the construction of a new school complex. Relocation of Phase 1 households to the new site commenced in late July 2026, with implementation advancing at a measured pace as the Company continues engaging closely with affected households. As at September 30, 2026, 457 of 846 Phase 1 households had been relocated, with the monthly rate increasing from 12 households in July to 201 households in August and 244 households in September. The Company is working with the remaining households with the aim of completing the Phase 1 relocation by the end of 2026.

Chirano Gold Mine

Table 3: Operational Overview of Chirano Gold Mine

	Three months ended				Nine months ended
For the period ended	September 30, 2026		October 31, 2025		September 30, 2026		October 31, 2025
Open Pit Mining:
Ore mined (kt)	584.8		242.1		1,621.8		747.1
Waste mined (kt)	4,591.6		2,929.0		14,992.9		6,471.9
Total material mined (kt)	5,176.4		3,171.2		16,614.7		7,218.9
Stripping ratio	7.85		12.10		9.24		8.66
Underground Mining:
Ore mined (kt)	462.7		487.6		1,325.2		1,296.1
Waste mined (kt)	183.8		153.1		545.3		527.7
Total material mined (kt)	646.6		640.7		1,870.6		1,823.7
Ore processed (kt)	961.7		924.0		2,890.1		2,683.9
Grade (g/t)	1.33		0.93		1.30		1.12
Gold recovery (%)	84.1	%	82.0	%	82.0	%	83.6	%
Gold equivalent produced (oz)	34,420		25,612		99,759		80,239
Gold equivalent sold (oz)	36,307		26,013		100,027		80,883
Revenue (USD in thousands)	156,147		100,214		456,480		273,306
Average gold price realized per ounce ($/oz)	4,301		3,852		4,564		3,379
AISC ($/oz)	3,722		2,964		3,836		2,673

Open pit ore mined at Chirano increased by 141.5% and 117.1% in Q3 2026 and the nine months ended September 30, 2026, respectively, compared to the prior year comparable periods, primarily driven by the ramp up of open pit activities at Aboduabo in early 2026, supported by an expanded contractor fleet. Underground ore mined decreased by 5.1% in Q3 2026, primarily due to fewer ore tonnes mined from Suraw, and increased by 2.2% for the nine months, primarily due to higher ore tonnes mined from Akoti and Tano.

Gold equivalent production at Chirano was 34,420 ounces for Q3 2026 and 99,759 ounces for the nine months, up from 25,612 ounces and 80,239 ounces in the prior year comparable periods, reflecting higher ore processed and higher grade, partially offset by a slightly lower recovery rate for the nine months due to a higher proportion of Aboduabo material in the blend. AISC increased to $3,722 per ounce for Q3 2026 and $3,836 per ounce for the nine months, from $2,964 per ounce and $2,673 per ounce, respectively, primarily due to higher royalties reflecting the Company’s revenue based royalty structure in Ghana combined with the higher average realized gold price, and higher sustaining capital expenditures, including underground development at Obra and Suraw, open pit stripping at Sariehu and the tailings storage facility embankment raise.

Key project milestones included completion of the crushing circuit upgrade, which became operational at the end of October 2026, replacement of the Mill 02 feed end half shell, installation of a carbon regeneration kiln with commissioning scheduled for November 2026, installation of CIL intertank screens and carbon advance pumps, and progress on the TSF1 southeast stage 2 raise, with Phase 1 approximately 95% complete as at September 2026.

Exploration

Exploration expenditure at Bibiani and Chirano totalled $4.5 million for Q3 2026 and $16.6 million for the nine months ended September 30, 2026, with 26,234 metres drilled during the quarter and 83,963 metres for the nine months.

Bibiani:

During Q3 2026, the Company completed a review of near mine exploration opportunities at Bibiani, identifying priority targets with the potential to support open pit extensions, including the Bridge area between the Main Pit and Cut 5, the gap between Cut 5 and Cut 6, and down dip extensions beneath Cut 5. An 8,000m reverse circulation and diamond drilling programme commenced during the period to test these targets, planned over approximately 350m of strike and to a depth of approximately 150m.

The Bridge hosts Inferred Mineral Resources and Indicated Mineral Resources, which are incorporated in the current underground mine design. With previous mine planning focused on underground development, the potential to access this mineralization through an expanded open pit had not been fully evaluated.

Subsequent to quarter end, initial results from infill drilling at the Bridge were received, supporting the continuity of mineralization between the Main Pit and Cut 5. Significant intercepts include including 60m at 3.13 Au(g/t) from 103m in hole MGRC26-763, 48m at 2.12 g/t Au from 42m in hole MGRC26‑741, which ended in mineralization at 90m; 25m at 4.95 g/t Au from 119m in MGRC26‑762B; 40m at 2.76 g/t Au from 65m in MGRC26‑743; 13m at 5.59 g/t Au from 85m and 60m at 3.13 g/t Au from 103m in MGRC26‑763; and 6m at 62.48 g/t Au from 136m in MGRC26‑765 (refer to news release, “Bridge Drilling Programme Results”, dated November 13, 2026).

The current Bibiani underground plan is based on the 2025 Definitive Feasibility Study, which favoured an earlier transition from open pit to underground mining beneath the Main Pit. The results received to date are supportive of an alternative scenario that would extend open pit operations between the existing pits, including access to parts of the northern Main Pit underground Mineral Resource from surface (refer to 13 November related press release).

Continued success from the Bibiani Bridge drill programme could increase open pit ore availability and extend surface operations, which could in turn result in the deferral of the underground development and related capital expenditure currently planned for 2027 and 2028. Any revision to the mine plan remains subject to the results of further drilling and technical and economic evaluation. No firm estimate of additional tonnes, grade, mine life extension has been made at this stage. The 8,000m drilling programme is expected to be completed in Q4 2026, and the results will be incorporated into an updated Main Pit Mineral Resource model and revised mine plan.

Chirano

Exploration continued during Q3 2026 at Obra North Extensions, Suraw, Sariehu UG and Mamnao North. At Mamnao North, mineralization has been extended laterally by approximately 250m along strike and 200m vertically at depth. Resource models for Sariehu UG, Suraw and Obra UG have been completed for further engineering studies. At the Anansu Prospecting Licence, all drill platforms are ready for the commencement of drill testing in Q4 2026.

Corporate Update

During the quarter, David Wiens resigned as Chief Financial Officer, effective August 14, 2026, with Dindiok Chialin, Deputy CFO, appointed Interim CFO (refer to news releases dated July 27, 2026 and August 17, 2026).

Liquidity and Financing Update

As at September 30, 2026, the Company had cash of $64.0 million and a working capital deficiency of $309.7 million. Cash provided from operating activities for the nine months ended September 30, 2026 was $233.4 million, offset by $226.6 million used in investing activities, including $135.3 million of expenditures on mineral properties, $84.4 million of purchases of property, plant and equipment and $7.0 million on exploration and evaluation assets. Cash provided from financing activities was $14.0 million, including $140.1 million of proceeds from private placements, offset by $95.2 million paid to settle price protection agreements and $21.4 million of interest paid.

During the quarter, the Company received the remaining $30.0 million under its $50.0 million gold forward agreement (refer to news release dated August 14, 2026), following novation of the agreement to a third party. The Company’s lenders also agreed to extend the deadline to secure aggregate new funding of at least $100.0 million, initially to September 30, 2026 and subsequently to October 31, 2026, and to extend the deadline for delivery of the cost to complete certificate to March 31, 2027, to extend the deadline for delivery of the updated base case model to December 31, 2026, to permit the funding requirement to be satisfied by gold forward deposits, and to consent to a sixth $100.0 million deposit under the Company’s gold forward agreement with Fujairah Holdings LLC (refer to news releases dated August 24, 2026 and September 30, 2026).

Subsequent to quarter end, the deadline to secure the new funding was further extended to November 30, 2026, and the minimum liquidity requirement for October 2026 was reduced to $20.0 million, which the Company met (refer to news release dated October 30, 2026), and the Company’s senior lenders approved a Technical Action Plan setting out operational improvement initiatives and performance measures for the Bibiani and Chirano mines. Failure to meet the key performance indicators under the Technical Action Plan would result in an event of default under the Company’s senior debt facility. The Company continues to evaluate funding alternatives with its financing partners. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern (refer to the Company’s MD&A and condensed interim consolidated financial statements for the three and nine months ended September 30, 2026).

2026 Outlook

On August 7, 2026, the Company provided full year 2026 production guidance of 275,000 to 300,000 equivalent ounces at consolidated AISC of $3,200 to $3,600 per ounce. Production for the nine months ended September 30, 2026 was 165,594 equivalent ounces at consolidated AISC of $4,308 per ounce. As a result of operational underperformance at Bibiani in the third quarter, including lower than planned contractor equipment availability in the Main Pit, reduced plant recovery, power disruptions and a slower than anticipated resettlement program, the Company no longer expects to achieve its 2026 guidance and has withdrawn it.

A second mining contractor has been mobilized to accelerate waste clearance following the January 2026 southeast wall slip in the Main Pit. Remediation is expected to be completed in early December 2026, restoring access to higher grade ore from Q1 2027. In parallel, the Company is implementing measures to improve plant stability and power reliability, including additional backup generation capacity, expected by the end of 2026, and automated restart capabilities.

The Company is finalizing a comprehensive operational turnaround plan for Bibiani and Chirano, which will identify the drivers of underperformance at each operation and set out the remediation steps required, timelines for key milestones and any related capital requirements. The plan will identify the drivers of underperformance at each operation, and set out the remediation steps required, timelines for key milestones and any related capital requirements. It will incorporate the plant remediation and recommissioning work recommended by CFT. Any capital requirements will be considered as part of the Company’s ongoing evaluation of funding alternatives. The Company expects to communicate the turnaround plan to the market in January 2027.

QUALIFIED PERSON STATEMENT

The scientific and technical information in this news release has been reviewed and approved by Dean Bertram, Vice President, Geology and Exploration of the Company and a “qualified person” as defined under National Instrument 43-101. For a detailed discussion of results for the third quarter, please refer to the Management’s Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca and Asante’s website at www.asantegold.com. Drilling results referred to in this news release are disclosed in the Company’s news release titled “[Bridge release title]” dated November 13, 2026, which includes details of sampling, analytical and QAQC procedures and data verification.

NON-IFRS MEASURES

This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards (“IFRS”), including “all in sustaining costs” (or “AISC”) and “earnings before interest, taxes, depreciation and amortization” (or “EBITDA”). Non-IFRS measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS, and should be read in conjunction with Asante’s consolidated financial statements. Readers should refer to Asante’s Management Discussion and Analysis under the heading “Non-IFRS Measures” for a more detailed discussion of how Asante calculates these measures and a reconciliation to the most directly comparable IFRS measures.

CONTACT INFORMATION 

Camilla Golding – Investor Relations Manager
investor@asantegold.com
+1 604 661 9400 or +233 303 972 147

ABOUT ASANTE GOLD CORPORATION

Asante Gold Corporation is a growing mid-tier gold producer, developer and explorer with a high-quality portfolio of assets located on two of West Africa’s most prolific and prospective gold belts in Ghana. The Company operates the Bibiani and Chirano Gold Mines on the Sefwi-Bibiani Gold Belt in Ghana’s Western North Region, where it holds an extensive and underexplored land position spanning more than 80 kilometres of strike. Asante is also advancing its Kubi Gold Project on the Ashanti Gold Belt, extending the Company’s footprint across Ghana’s most productive gold corridor. Committed to responsible mining and the creation of lasting value for its shareholders, people and host communities, Asante is listed on the TSX Venture Exchange, the Ghana Stock Exchange, and the OTCQX Market in the United States. Additional information is available on the Company’s website at www.asantegold.com.

CAUTIONARY STATEMENT ON FORWARD LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: production and all-in sustaining costs forecasts for the Bibiani and Chirano Gold Mines, improvement of results, exploration results and potential development programmes, expansion and mine life extension opportunities, completion and timing of plant upgrades, grade ore improvements and plant throughput increases, the results and timing of drilling at Bibiani, the review of the Bibiani mine plan, the potential expansion of open pit mining and deferral of underground development capital expenditure, the timing of remediation of the Bibiani Main Pit, and financing and lender arrangements.  These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the impact of inflation and disruptions to the global, regional and local supply chains; tonnage of mineralized material to be mined and processed; future anticipated prices for gold and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; risks related to increased barriers to trade, including tariffs and duties; ore grades and recoveries; capital, decommissioning and reclamation estimates; our mineral reserve and mineral resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to mineral properties and the surface rights necessary for our operations, including contractual rights from third parties and adjacent property owners; whether the Company is able to maintain a strong financial condition and have sufficient capital, or have access to capital, to sustain our business and operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the duration and effect of local and world-wide inflationary pressures and the potential for economic recessions; fluctuations in the price of gold; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships and claims by local communities; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in countries where the Company may carry on business, including legal restrictions relating to mining, risks relating to expropriation; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, the Company’s inability to raise the necessary capital or to be fully able to implement its business and growth strategies, and those risk factors identified in the Company’s management’s discussions and analysis and the most recent annual information form. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither CIRO nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

CALGARY, Alberta, Nov. 13, 2026 (GLOBE NEWSWIRE) — NEX: CWV.H: Crown Point Energy Inc. (“Crown Point”, the “Company”, “our” or “we“) today announced its financial and operating results for the three and nine months ended September 30, 2026. All dollar figures are expressed in United States dollars (“USD”) unless otherwise stated.

In the following discussion, the three months ended September 30, 2026 and June 30, 2026 may be referred to as “Q3 2026” and “Q2 2026”, respectively. The comparative three months ended September 30, 2025, may be referred to as “Q3 2025”.

Q3 2026 SUMMARY

During Q3 2026, the Company:

• Reported net cash used in operating activities and funds flow provided by operating activities of $8.2 million and $9.7 million, respectively, as compared to Q3 2025 when the Company reported net cash and funds flow used in operating activities of $3.6 million and $3.5 million, respectively; 
• Earned $51.8 million of oil and natural gas sales revenue on total average daily sales volumes of 6,933 BOE per day¹, higher than $21.7 million of oil and natural gas sales revenue on total average daily sales volumes of 4,182 BOE per day² in Q3 2025 due to oil sales from the Chubut concessions acquired in the fourth quarter of 2025. The Company’s average daily sales volumes in Q3 2026 were lower than the 9,158 BOE per day reported in Q2 2026 due to a delayed oil shipment from the Chubut concessions, which resulted in higher oil inventory at September 30, 2026;
• Average daily production volumes for Q3 2026 were 8,042 BOE per day, lower than 8,531 BOE per day in Q2 2026 mainly due to the expiration of the Tierra del Fuego (“TDF”) concessions on August 18, 2026 and higher than 4,348 BOE per day in Q3 2025 mainly due to oil production volumes from the Chubut concessions.
• Received an average of $5.87 per mcf for natural gas and $86.60 per bbl for crude oil compared to $3.84 per mcf for natural gas and $62.83 per bbl for oil received in Q3 2025;
• Reported an operating netback of $20.95 per BOE³ up from $(6.60) per BOE in Q3 2025;
• Issued $16.5 million of discounted promissory notes and repaid $21.1 million of working capital loans and discounted promissory notes;
• Completed a rights offering for gross proceeds of $30 million, the proceeds of which were used to repay the $29.9 million loan from Liminar Energía S.A. (“Liminar”), the Company’s largest shareholder;
• Issued $8.26 million principal amount of Series X Notes and $46.77 million principal amount of Series XI Notes, of which $25.0 million was issued in exchange for the surrender and cancellation of the $25 million principal amount of Series VII Notes;
• Recognized a $1.1 million loss on the expiration of the TDF concessions on August 18, 2026;
• Effective September 11, 2026, transferred its listing to the NEX Board of the TSX Venture Exchange, with its trading symbol changing to “CWV.H”;
• Reported income before taxes of $0.1 million, deferred tax provision of $2.7 million and net loss of $2.6 million, as compared to Q3 2025 when the Company reported loss before taxes of $8.7 million, deferred tax recovery of $3.9 million and net loss of $4.8 million; and
• Reported a working capital deficit⁴ of $51.7 million at September 30, 2026, as compared to a working capital deficit of $71.8 million at December 31, 2025.

SUBSEQUENT EVENTS

On October 30, 2026, the Company repaid the first principal installment of the Series VI Notes in the amount of $7.3 million, and the Company paid the first principal installment of the Series IX Notes in the amount of $3 million.

OPERATIONAL UPDATE

Chubut Concessions

• During Q3 2026, El Tordillo concession oil production averaged 4,182 (net 3,973) bbls of oil per day, La Tapera concession oil production averaged 28 (net 27) bbls of oil per day and Puesto Quiroga concession oil production averaged 160 (net 152) bbls of oil per day. Natural gas production from the El Tordillo and Puesto Quiroga concessions averaged 2,422 (net 2,301) mcf per day. During Q3 2026, the Company drilled the PQO-2005 well to a total depth of 3,618 metres and performed workovers on 12 oil producing wells in the El Tordillo concession perforating new zones in the Comodoro Rivadavia and Mina del Carmen formations.

Santa Cruz Concessions

• During Q3 2026, Piedra Clavada concession oil production averaged 1,683 bbls of oil per day and Koluel Kaike concession oil production averaged 944 bbls of oil per day. During Q3 2026, the Company completed workovers on two oil producing wells in the Piedra Clavada concession and completed several interventions on oil wells in both the Koluel Kaike and Piedra Clavada concessions.

Mendoza Concessions 

• Oil production for Q3 2026 averaged 836 (net 418) bbls of oil per day from the Chañares Herrados concession and 162 (net 81) bbls of oil per day from the Puesto Pozo Cercado Oriental concession.

TDF Concessions

• During Q3 2026, San Martin oil production averaged 220 (net 106) bbls of oil per day; Las Violetas concession natural gas production averaged 6,923 (net 3,346) mcf per day and associated oil production averaged 25 (net 12) bbls of oil per day.
  The TDF concessions, in which the Company held a 48.3275% non-operating participating interest, expired on August 18, 2026. The averages reported are for the period from July 1 to August 18, 2026.

OUTLOOK

• The Company’s capital spending for fiscal 2026 is budgeted at approximately $44.8 million, of which: $32.2 million is allocated to the Chubut concessions for well workovers, facilities improvements and a drilling campaign comprised of 4 wells; $11.3 million is allocated to the Santa Cruz concessions for well workovers, facilities improvements and a drilling campaign comprised of 3 wells; and $1.3 million is allocated to the Mendoza concessions for well workovers and facilities improvements. During the nine months ended September 30, 2026, the Company incurred $19.7 million of capital expenditures in the Chubut, Santa Cruz and Mendoza concessions.

SUMMARY OF FINANCIAL INFORMATION

(expressed in $, except shares outstanding)	September 30 2026		December 31 2025
Current assets	72,162,920		50,655,402
Current liabilities	(123,848,608	)	(122,470,728	)
Working capital deficiency (1)	(51,685,688	)	(71,815,326	)
Exploration and evaluation assets	13,995,604		14,018,547
Property and equipment	225,719,408		226,293,865
Total assets	313,721,932		293,165,032
Non-current financial liabilities (1)	64,106,897		73,009,452
Share capital	86,053,615		56,456,328
Total common shares outstanding	312,903,038		72,903,038

^{(1) We adhere to International Financial Reporting Standards (“IFRS”), however the Company also employs certain non-IFRS measures to analyze financial performance, financial position, and cash flow. Additionally, other financial measures are also used to analyze performance. These non-IFRS and other financial measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures provided by other issuers. “Working capital (deficiency / deficit)” is a capital management measure. “Non-current financial liabilities” is a supplemental financial measure. See “Non-IFRS and Other Financial Measures”.}

RESULTS OF OPERATIONS

Sales Volumes

	Three months ended		Nine months ended
	September 30		September 30
	2026	2025	2026	2025
Total sales volumes (BOE)	637,895	384,804	2,179,885	1,141,542
Oil bbls per day	6,211	3,501	6,970	3,508
NGL bbls per day	8	36	5	20
Natural gas mcf per day	4,286	3,869	6,058	3,921
Total BOE per day	6,933	4,182	7,985	4,182

Operating Netback ⁽¹⁾

	Three months ended										Nine months ended
	September 30										September 30
	2026					2025					2026					2025
		Per BOE					Per BOE					Per BOE					Per BOE
Oil and natural gas sales revenue ($)	51,849,294			81.28		21,703,343			56.40		165,536,816			75.94		67,420,771			59.06
Export tax ($)	(273,106		)	(0.43	)	(113,102		)	(0.29	)	(454,147		)	(0.21	)	(306,857		)	(0.27	)
Royalties and turnover tax ($)	(8,872,635		)	(13.91	)	(3,819,077		)	(9.92	)	(29,584,288		)	(13.57	)	(11,982,219		)	(10.50	)
Operating costs ($)	(29,335,943		)	(45.99	)	(20,313,614		)	(52.79	)	(92,192,647		)	(42.29	)	(59,494,124		)	(52.12	)
Operating netback (1) ($)	13,367,610			20.95		(2,542,450		)	(6.60	)	43,305,734			19.87		(4,362,429		)	(3.83	)

^{(1) “Operating netback” is a non-IFRS measure. “Operating netback per BOE” is a non-IFRS ratio. See “Non-IFRS and Other Financial Measures”.}

The Company’s unaudited condensed interim consolidated financial statements for the three and nine month periods ended September 30, 2026 and related management’s discussion and analysis (“MD&A”) are being filed with Canadian securities regulatory authorities and will be made available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.crownpointenergy.com.

For inquiries, please contact:

Brian Moss	Marcos Esteves
Interim President & CEO	Vice-President, Finance & CFO
Ph: (403) 232-1150	Ph: (403) 232-1150
Crown Point Energy Inc.	Crown Point Energy Inc.
bmoss@crownpointenergy.com	mesteves@crownpointenergy.com

About Crown Point
Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Buenos Aires, Argentina, incorporated in Canada, trading on the NEX Board of the TSX Venture Exchange and operating in Argentina. Crown Point’s exploration and development activities are focused in three producing basins in Argentina, the Golfo San Jorge Basin in the provinces of Santa Cruz and Chubut, and the Neuquén and Cuyo (or Cuyana) basins in the province of Mendoza.

Advisory

Non-IFRS and Other Financial Measures: Throughout this press release and in other materials disclosed by the Company, we employ certain measures to analyze financial performance, financial position, and cash flow. These non-IFRS and other financial measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures provided by other issuers. The non-IFRS and other financial measures should not be considered to be more meaningful than financial measures which are determined in accordance with IFRS, such as net income (loss), oil and natural gas sales revenue and net cash provided by (used in) operating activities as indicators of our performance.

“Non-current financial liabilities” is a supplemental financial measure. Non-current financial liabilities is comprised of the non-current portions of trade and other payables, loans, notes payable and lease liabilities as presented in the Company’s consolidated statements of financial position. See “Summary of Financial Information”.

“Operating netback” is a non-IFRS measure. Operating netback is comprised of oil and natural gas sales revenue less export tax, royalties and turnover tax and operating costs. Management believes this measure is a useful supplemental measure of the Company’s profitability relative to commodity prices. See “Results of Operations – Operating Netback” for a reconciliation of operating netback to oil and natural gas sales revenue, being our nearest measure prescribed by IFRS.

“Operating netback per BOE” is a non-IFRS ratio. Operating netback per BOE is comprised of operating netback divided by total BOE sales volumes in the period. Management believes this measure is a useful supplemental measure of the Company’s profitability relative to commodity prices. In addition, management believes that operating netback per BOE is a key industry performance measure of operational efficiency and provides investors with information that is also commonly presented by other crude oil and natural gas producers. Operating netback is a non-IFRS measure. See “Results of Operations – Operating Netback” for the calculation of operating netback per BOE.

“Working capital (deficiency / deficit)” is a capital management measure. Working capital is comprised of current assets less current liabilities. Management believes that working capital is a useful measure to assess the Company’s capital position and its ability to execute its existing exploration commitments and its share of any development programs. See “Summary of Financial Information” for a reconciliation of working capital to current assets and current liabilities, being our nearest measures prescribed by IFRS.

Abbreviations and BOE Presentation: “bbl” means barrel; “bbls” means barrels; “BOE” means barrels of oil equivalent; “mcf” means thousand cubic feet; “NGL” means natural gas liquids; and “UTE” means Union Transitoria de Empresas, which is a registered joint venture contract established under the laws of Argentina. All BOE conversions in this press release are derived by converting natural gas to oil in the ratio of six mcf of gas to one bbl of oil. BOE may be misleading, particularly if used in isolation. A BOE conversion ratio of six mcf of gas to one bbl of oil (6 mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the price of crude oil as compared to natural gas in Argentina from time to time may be different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Forward-looking Information: This document contains forward-looking information. This information relates to future events and the Company’s future performance. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “propose”, “predict”, “potential”, “continue”, “aim”, “project”, “outlook” or the negative of these terms or other comparable terminology are generally intended to identify forward-looking information. Such information represents the Company’s internal projections, estimates, expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. This information involves known or unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. In addition, this document may contain forward-looking information attributed to third party industry sources. Crown Point believes that the expectations reflected in this forward-looking information are reasonable; however, undue reliance should not be placed on this forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. This press release contains forward-looking information concerning, among other things, the following: the Company’s focus, our capital expenditure budget for fiscal 2026, the allocation of such capital expenditures that we intend to make on our concessions during 2026, and the operations that we intend to conduct on each of our concessions during such period.

The reader is cautioned that such information, although considered reasonable by the Company, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided in this document as a result of numerous known and unknown risks and uncertainties and other factors. A number of risks and other factors could cause actual results to differ materially from those expressed in the forward-looking information contained in this document including, but not limited to, the following: that the tariffs imposed or threatened to be imposed by the U.S. on other countries, and retaliatory tariffs imposed or threatened to be imposed by other countries on the U.S., will trigger a broader global trade war which could have a material adverse effect on global economies, and by extension the Argentine oil and natural gas industry and the Company, including by decreasing demand for (and the price of) oil and natural gas, disrupting supply chains, increasing costs, causing volatility in global financial markets, and limiting access to (and/or increasing the cost of) financing; that the Company is not able to meet its obligations as they become due; risks associated with the insolvency and/or bankruptcy of our joint venture partners and/or the operators of the concessions in which we have an interest, including the risk that any such insolvency and/or bankruptcy has an adverse effect on one of our UTEs, one of our concessions and/or the Company; and the risks and other factors described under “Business Risks and Uncertainties” in our most recently filed MD&A and under “Risk Factors” in the Company’s most recently filed Annual Information Form, which is available for viewing on SEDAR+ at www.sedarplus.ca. With respect to forward-looking information contained in this document, the Company has made assumptions regarding, among other things: the ability and willingness of OPEC+ nations and other major producers of crude oil to balance crude oil production levels and thereby sustain higher global crude oil prices; that our joint venture partners and the operators of our concessions that we do not operate will honour their contractual commitments in a timely fashion and will not become insolvent or bankrupt; the impact of inflation rates in Argentina and the devaluation of the Argentine peso against the USD on the Company; the impact of increasing competition; the general stability of the economic and political environment in which the Company operates, including operating under a consistent regulatory and legal framework in Argentina; future oil, natural gas and NGL prices (including the effects of governmental incentive programs and government price controls thereon); the timely receipt of any required regulatory approvals; the ability of the Company to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the costs of obtaining equipment and personnel to complete the Company’s capital expenditure program; the ability to operate the projects in which the Company has an interest in a safe, efficient and effective manner; that the Company will not pay dividends for the foreseeable future; the ability of the Company to obtain financing on acceptable terms when and if needed; the ability of the Company to service its debt repayments when required; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration activities; the timing and costs of pipeline, storage and facility construction and expansion and the ability of the Company to secure adequate product transportation; currency, exchange, inflation and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in Argentina; and the ability of the Company to successfully market its oil and natural gas products. Management of Crown Point has included the above summary of assumptions and risks related to forward-looking information included in this document in order to provide investors with a more complete perspective on the Company’s future operations. Readers are cautioned that this information may not be appropriate for other purposes. Readers are cautioned that the foregoing lists of factors are not exhaustive. The forward-looking information contained in this document are expressly qualified by this cautionary statement. The forward-looking information contained herein is made as of the date of this document and the Company disclaims any intent or obligation to update publicly any such forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable Canadian securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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¹ See “Results of Operations – Sales Volumes”.
² See “Results of Operations – Sales Volumes”.
³ Non-IFRS ratio. See “Non-IFRS and Other Financial Measures”.
⁴ Capital management measure. See “Non-IFRS and Other Financial Measures”.