Author: Ravi Shankar

CALGARY, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) — Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) provides an operations update underscoring the continued momentum of its Chambers Belly River development program and the strategic value of its integrated oilfield services platform.

Over the past two years, Yangarra has drilled 17 Belly River wells in Chambers, and materially advanced its Chambers Belly River program through a disciplined capital program totaling $58 million for drilling, completions and related land acquisitions. By the end of Q3 2026, the Company expects the Chambers Belly River program to have generated $45 million of cash flow, demonstrating the strength of the play. Current Belly River production is 1,450 boe/d (72% liquids), and Yangarra has assembled 106 future Belly River drilling locations in Chambers. The Company is evaluating a new area that could significantly expand its Belly River inventory and further enhance the depth of its development portfolio.

Yangarra’s Belly River development continues to benefit from optimized well design and field operations. A new design with a larger bottom hole pump delivered 2.5 times the productivity of the prior design on an IP90 basis in a direct offset comparison. Yangarra is advancing cost-effective initiatives to improve run-times and production.

During the third quarter, Yangarra completed farm-in commitments in South Chambers on several Cardium wells. These wells earn both Cardium and Belly River rights and are expected to be completed in the fourth quarter as natural gas prices strengthen into the winter season. The balance of Yangarra’s drilling program will continue to prioritize Belly River development and further delineation into West Chambers, supporting the Company’s focus on scalable, repeatable and capital-efficient growth opportunities.

As global oil prices strengthen and industry activity increases, Yangarra believes it is well positioned to benefit from the competitive advantage provided by its in-house oilfield services group (“OFS Group”). In an environment characterized by rising field service costs and tighter access to equipment and personnel, the OFS Group enhances Yangarra’s cost control, execution certainty and operational flexibility. As industry investment accelerates, this integrated platform will mitigate inflationary pressures, preserve the Company’s cost advantage and support efficient execution of its development plans.

Yangarra has updated its corporate presentation with additional information on the Company’s strategy, operations and development outlook. The presentation is available on the Company’s website at www.yangarra.ca.

Forward Looking Information

This press release contains forward-looking statements and forward-looking information (collectively “forward-looking information”) within the meaning of applicable securities laws relating to the Company’s plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results and business opportunities. Forward-looking information typically uses words such as “anticipate”, “believe”, “continue”, “sustain”, “project”, “expect”, “forecast”, “budget”, “goal”, “guidance”, “plan”, “objective”, “strategy”, “target”, “intend” or similar words suggesting future outcomes, statements that actions, events or conditions “may”, “would”, “could” or “will” be taken or occur in the future, including, but not limited to, statements on potential completion techniques being considered. Statements relating to “reserves” are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. Forward-looking information in this release includes information relating to, among other things, the Company’s drilling and completion plans; the timing of wells being brought onstream; anticipated production levels, expected performance and payback; and the Company’s future drilling, completion, development and capital expenditure plans.

The forward-looking information is based on certain key expectations and assumptions made by our management, including expectations and assumptions concerning prevailing commodity prices, exchange rates, interest rates, applicable royalty rates and tax laws; future production rates and estimates of operating costs; performance of existing and future wells; reserve volumes; anticipated timing and results of capital expenditures; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; benefits to shareholders of our programs and initiatives, the timing, location and extent of future drilling operations; the state of the economy and the exploration and production business; results of operations; performance; business prospects and opportunities; the availability and cost of financing, labour and services; the impact of increasing competition; ability to efficiently integrate assets and employees acquired through acquisitions, ability to market oil and natural gas successfully and our ability to access capital.

Although we believe that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Yangarra can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature they involve inherent risks and uncertainties. Our actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that we will derive therefrom. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on our future operations and such information may not be appropriate for other purposes.

Readers are cautioned that the foregoing lists of factors are not exhaustive. Additional information on these and other factors that could affect our operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca).

These forward-looking statements are made as of the date of this press release and we disclaim any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

All reference to $ (funds) are in Canadian dollars.

Neither the TSX nor its Regulation Service Provider (as that term is defined in the Policies of the TSX) accepts responsibility for the adequacy and accuracy of this release.

For further information, please contact James Evaskevich, CEO 403-262-9558.

This press release was published by a CLEAR® Verified individual.

CALGARY, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) — Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) provides an operations update underscoring the continued momentum of its Chambers Belly River development program and the strategic value of its integrated oilfield services platform.

Over the past two years, Yangarra has drilled 17 Belly River wells in Chambers, and materially advanced its Chambers Belly River program through a disciplined capital program totaling $58 million for drilling, completions and related land acquisitions. By the end of Q3 2026, the Company expects the Chambers Belly River program to have generated $45 million of cash flow, demonstrating the strength of the play. Current Belly River production is 1,450 boe/d (72% liquids), and Yangarra has assembled 106 future Belly River drilling locations in Chambers. The Company is evaluating a new area that could significantly expand its Belly River inventory and further enhance the depth of its development portfolio.

Yangarra’s Belly River development continues to benefit from optimized well design and field operations. A new design with a larger bottom hole pump delivered 2.5 times the productivity of the prior design on an IP90 basis in a direct offset comparison. Yangarra is advancing cost-effective initiatives to improve run-times and production.

During the third quarter, Yangarra completed farm-in commitments in South Chambers on several Cardium wells. These wells earn both Cardium and Belly River rights and are expected to be completed in the fourth quarter as natural gas prices strengthen into the winter season. The balance of Yangarra’s drilling program will continue to prioritize Belly River development and further delineation into West Chambers, supporting the Company’s focus on scalable, repeatable and capital-efficient growth opportunities.

As global oil prices strengthen and industry activity increases, Yangarra believes it is well positioned to benefit from the competitive advantage provided by its in-house oilfield services group (“OFS Group”). In an environment characterized by rising field service costs and tighter access to equipment and personnel, the OFS Group enhances Yangarra’s cost control, execution certainty and operational flexibility. As industry investment accelerates, this integrated platform will mitigate inflationary pressures, preserve the Company’s cost advantage and support efficient execution of its development plans.

Yangarra has updated its corporate presentation with additional information on the Company’s strategy, operations and development outlook. The presentation is available on the Company’s website at www.yangarra.ca.

Forward Looking Information

This press release contains forward-looking statements and forward-looking information (collectively “forward-looking information”) within the meaning of applicable securities laws relating to the Company’s plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results and business opportunities. Forward-looking information typically uses words such as “anticipate”, “believe”, “continue”, “sustain”, “project”, “expect”, “forecast”, “budget”, “goal”, “guidance”, “plan”, “objective”, “strategy”, “target”, “intend” or similar words suggesting future outcomes, statements that actions, events or conditions “may”, “would”, “could” or “will” be taken or occur in the future, including, but not limited to, statements on potential completion techniques being considered. Statements relating to “reserves” are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. Forward-looking information in this release includes information relating to, among other things, the Company’s drilling and completion plans; the timing of wells being brought onstream; anticipated production levels, expected performance and payback; and the Company’s future drilling, completion, development and capital expenditure plans.

The forward-looking information is based on certain key expectations and assumptions made by our management, including expectations and assumptions concerning prevailing commodity prices, exchange rates, interest rates, applicable royalty rates and tax laws; future production rates and estimates of operating costs; performance of existing and future wells; reserve volumes; anticipated timing and results of capital expenditures; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; benefits to shareholders of our programs and initiatives, the timing, location and extent of future drilling operations; the state of the economy and the exploration and production business; results of operations; performance; business prospects and opportunities; the availability and cost of financing, labour and services; the impact of increasing competition; ability to efficiently integrate assets and employees acquired through acquisitions, ability to market oil and natural gas successfully and our ability to access capital.

Although we believe that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Yangarra can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature they involve inherent risks and uncertainties. Our actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that we will derive therefrom. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on our future operations and such information may not be appropriate for other purposes.

Readers are cautioned that the foregoing lists of factors are not exhaustive. Additional information on these and other factors that could affect our operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca).

These forward-looking statements are made as of the date of this press release and we disclaim any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

All reference to $ (funds) are in Canadian dollars.

Neither the TSX nor its Regulation Service Provider (as that term is defined in the Policies of the TSX) accepts responsibility for the adequacy and accuracy of this release.

For further information, please contact James Evaskevich, CEO 403-262-9558.

This press release was published by a CLEAR® Verified individual.

TORONTO, Sept. 28, 2026 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 148,500 IPC common shares (ISIN: CA46016U1084) during the period of September 21 to 25, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program (NCIB).

IPC’s NCIB, announced on December 3, 2025, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange (TSX) and Nasdaq Stockholm and applicable Canadian and Swedish securities laws.

During the period of September 21 to 25, 2026, IPC repurchased a total of 100,000 IPC common shares on Nasdaq Stockholm. All of these share repurchases were carried out by Pareto Securities AB on behalf of IPC.

A summary and detailed breakdown of the transactions conducted on Nasdaq Stockholm during the period of September 21 to 25, 2026 according to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is available with this press release on IPC’s website: www.international-petroleum.com/news-and-media/press-releases.

During the same period, IPC purchased a total of 48,500 IPC common shares on the TSX. All of these share repurchases were carried out by ATB Securities Inc. on behalf of IPC.

All common shares repurchased by IPC under the NCIB will be cancelled. As at September 25, 2026, the total number of issued and outstanding IPC common shares is 112,159,304 with voting rights, of which IPC holds 431,638 common shares in treasury.

A total of 1,099,086 IPC common shares have been repurchased under the NCIB through the facilities of the TSX and Nasdaq Stockholm up to September 25, 2026. A maximum of 6,468,077 IPC common shares may be repurchased up to December 4, 2026, or until such earlier date as the NCIB is completed or terminated by IPC.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.

For further information, please contact:

	Rebecca Gordon SVP Corporate Planning and Investor Relations rebecca.gordon@international-petroleum.com Tel: +41 22 595 10 50	Or	Robert Eriksson Media Manager reriksson@rive6.ch Tel: +46 701 11 26 15

This information was submitted for publication, through the contact persons set out above, at 11:00 CEST on September 28, 2026.

Forward-Looking Statements 
This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements with respect to: the intention and ability of IPC to acquire common shares under the NCIB, including the timing of any such purchases; the number of common shares to be cancelled and the timing of such cancellations; and the return of value to IPC’s shareholders as a result of any common share repurchases.

The forward-looking statements are based on certain key expectations and assumptions made by IPC, including expectations and assumptions concerning: the duration and impact of tariffs that are currently in effect on goods exported from or imported into Canada, and that other than the tariffs that are currently in effect, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, reenacts tariffs that are currently suspended, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; prevailing commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve and contingent resource volumes; operating costs; IPC’s ability to maintain its existing credit ratings; IPC’s ability to achieve its performance targets; the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions and that IPC will be able to implement its standards, controls, procedures and policies in respect of any acquisitions and realize the expected synergies on the anticipated timeline or at all; the benefits of acquisitions; the state of the economy and the exploration and production business in the jurisdictions in which IPC operates and globally; the availability and cost of financing, labour and services; IPC’s intention to complete share repurchases under the normal course issuer bid program, including the funding of such share repurchases, existing and future market conditions, including with respect to the price of IPC’s common shares, and compliance with respect to applicable limitations under securities laws and regulations and stock exchange policies; and the ability to market crude oil, natural gas and natural gas liquids successfully.

Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

These include, but are not limited to: general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to IPC’s systems, including costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including current and potential future conflicts in Ukraine, the Middle East, South America and elsewhere, and their potential impact on, among other things, global market conditions; political or economic developments, including, without limitation, the risk that (i) the tariffs that are currently in effect on goods exported from or imported into Canada continue in effect for an extended period of time, the tariffs that have been threatened are implemented, that tariffs that are currently suspended are reactivated, the rate or scope of tariffs are increased, or new tariffs are imposed, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) 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 the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Corporation, including by decreasing demand for, and the price of oil, and natural gas, disrupting supply chains, increasing costs, causing volatility in the global financial markets, and limiting access to financing; and changes in legislation, including but not limited to tax laws, royalties, environmental and abandonment regulations. Readers are cautioned that the foregoing list of factors is not exhaustive.

Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in IPC’s annual information form for the year ended December 31, 2025 (See “Cautionary Statement Regarding Forward-Looking Information”, “Reserves and Resources Advisory” and “Risk Factors”), in the management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2026 (See “Risk Factors”, “Cautionary Statement Regarding Forward-Looking Information” and “Reserves and Resources Advisory”) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management’s discussion and analysis and material change reports, which may be accessed through the SEDAR+ website (www.sedarplus.ca) or IPC’s website (www.international-petroleum.com).

TORONTO, Sept. 28, 2026 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 148,500 IPC common shares (ISIN: CA46016U1084) during the period of September 21 to 25, 2026 under IPC’s previously announced normal course issuer bid / share repurchase program (NCIB).

IPC’s NCIB, announced on December 3, 2025, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange (TSX) and Nasdaq Stockholm and applicable Canadian and Swedish securities laws.

During the period of September 21 to 25, 2026, IPC repurchased a total of 100,000 IPC common shares on Nasdaq Stockholm. All of these share repurchases were carried out by Pareto Securities AB on behalf of IPC.

A summary and detailed breakdown of the transactions conducted on Nasdaq Stockholm during the period of September 21 to 25, 2026 according to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is available with this press release on IPC’s website: www.international-petroleum.com/news-and-media/press-releases.

During the same period, IPC purchased a total of 48,500 IPC common shares on the TSX. All of these share repurchases were carried out by ATB Securities Inc. on behalf of IPC.

All common shares repurchased by IPC under the NCIB will be cancelled. As at September 25, 2026, the total number of issued and outstanding IPC common shares is 112,159,304 with voting rights, of which IPC holds 431,638 common shares in treasury.

A total of 1,099,086 IPC common shares have been repurchased under the NCIB through the facilities of the TSX and Nasdaq Stockholm up to September 25, 2026. A maximum of 6,468,077 IPC common shares may be repurchased up to December 4, 2026, or until such earlier date as the NCIB is completed or terminated by IPC.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.

For further information, please contact:

	Rebecca Gordon SVP Corporate Planning and Investor Relations rebecca.gordon@international-petroleum.com Tel: +41 22 595 10 50	Or	Robert Eriksson Media Manager reriksson@rive6.ch Tel: +46 701 11 26 15

This information was submitted for publication, through the contact persons set out above, at 11:00 CEST on September 28, 2026.

Forward-Looking Statements 
This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements with respect to: the intention and ability of IPC to acquire common shares under the NCIB, including the timing of any such purchases; the number of common shares to be cancelled and the timing of such cancellations; and the return of value to IPC’s shareholders as a result of any common share repurchases.

The forward-looking statements are based on certain key expectations and assumptions made by IPC, including expectations and assumptions concerning: the duration and impact of tariffs that are currently in effect on goods exported from or imported into Canada, and that other than the tariffs that are currently in effect, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, reenacts tariffs that are currently suspended, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; prevailing commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve and contingent resource volumes; operating costs; IPC’s ability to maintain its existing credit ratings; IPC’s ability to achieve its performance targets; the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions and that IPC will be able to implement its standards, controls, procedures and policies in respect of any acquisitions and realize the expected synergies on the anticipated timeline or at all; the benefits of acquisitions; the state of the economy and the exploration and production business in the jurisdictions in which IPC operates and globally; the availability and cost of financing, labour and services; IPC’s intention to complete share repurchases under the normal course issuer bid program, including the funding of such share repurchases, existing and future market conditions, including with respect to the price of IPC’s common shares, and compliance with respect to applicable limitations under securities laws and regulations and stock exchange policies; and the ability to market crude oil, natural gas and natural gas liquids successfully.

Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

These include, but are not limited to: general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to IPC’s systems, including costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including current and potential future conflicts in Ukraine, the Middle East, South America and elsewhere, and their potential impact on, among other things, global market conditions; political or economic developments, including, without limitation, the risk that (i) the tariffs that are currently in effect on goods exported from or imported into Canada continue in effect for an extended period of time, the tariffs that have been threatened are implemented, that tariffs that are currently suspended are reactivated, the rate or scope of tariffs are increased, or new tariffs are imposed, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) 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 the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Corporation, including by decreasing demand for, and the price of oil, and natural gas, disrupting supply chains, increasing costs, causing volatility in the global financial markets, and limiting access to financing; and changes in legislation, including but not limited to tax laws, royalties, environmental and abandonment regulations. Readers are cautioned that the foregoing list of factors is not exhaustive.

Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in IPC’s annual information form for the year ended December 31, 2025 (See “Cautionary Statement Regarding Forward-Looking Information”, “Reserves and Resources Advisory” and “Risk Factors”), in the management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2026 (See “Risk Factors”, “Cautionary Statement Regarding Forward-Looking Information” and “Reserves and Resources Advisory”) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management’s discussion and analysis and material change reports, which may be accessed through the SEDAR+ website (www.sedarplus.ca) or IPC’s website (www.international-petroleum.com).

Open Software Platform and Reference System Design Brings Together Industry, Researchers and Public-Sector Organizations to Set Safer Boundaries for AI Agents, Share Best Practices and Foster International Cooperation to Raise the Bar for Safer AI Agent Deployment

News Summary:

• NVIDIA Open Agent Safety Platform consists of NVIDIA OpenShell open source software and the NVIDIA Sentry reference system design that enables full-stack governance and control across software and the hardware, compute and robotics systems that run agents.
• OpenShell software provides a secure runtime boundary that traces all actions and enforces policy as agents run on NVIDIA Vera CPUs. As open source software, OpenShell can be extended to work with third-party compute platforms, including those from Arm and Intel.
• Sentry adds an out-of-band watchdog that runs on NVIDIA BlueField-4 DPUs to continuously monitor agent behavior. Sentry can quarantine agents that attempt to move outside their boundaries in milliseconds.
• Industry leaders from across the AI ecosystem are joining NVIDIA to strengthen AI safety for every industry across the full stack of infrastructure, software, models and robotics — including Anthropic, Cisco, CrowdStrike, Dell Technologies, Figure, HPE, Hugging Face, JPMorganChase, Microsoft, Palantir, Palo Alto Networks, Perplexity, Red Hat, Salesforce, SAP, Scale AI, ServiceNow and SpaceXAI.

SANTA CLARA, Calif., Sept. 28, 2026 (GLOBE NEWSWIRE) — NVIDIA today announced NVIDIA Open Agent Safety Platform, an open software platform and reference system design to strengthen AI security from agent testing to deployment, with full-stack governance and control across software and the hardware, compute and robotics systems that run agents.

Recent security incidents have underscored the need to equip organizations with open, customizable tools that enforce more control over long-running agents. Across these incidents, the pattern is the same — the agent circumvented security controls at the application layer to complete its assigned task.

“AI’s extraordinary potential for society will only be realized if we solve AI safety,” said Jensen Huang, founder and CEO of NVIDIA. “As we continue to discover the frontier of AI capabilities, we must accelerate discovery at the frontier of AI safety. Safety and security require full-stack engineering. NVIDIA Open Agent Safety Platform brings together industry, researchers and public-sector organizations to share best practices, align on evaluation methods and foster international cooperation. Together, we can raise the bar for global AI safety.”

Open Agent Safety Platform Adds Control Across the Full Agent Stack
NVIDIA Open Agent Safety Platform enables full-stack governance and control across the software that runs agents, the hardware and compute layers that power their work, and the robotics systems that execute tasks in the physical world. Organizations can deploy elements of NVIDIA Open Agent Safety Platform according to their unique requirements.

It includes NVIDIA OpenShell™ secure runtime software that sets boundaries for agents running on CPUs. As agents take on more work across more systems, enterprises need an enforceable boundary outside of the model and agent harness. Now broadly available, OpenShell provides a secure runtime boundary for controlling how autonomous AI agents execute tasks across open and closed models.

OpenShell delivers this protection with minimal overhead on NVIDIA Vera, the first purpose-built CPU for agentic AI. Together, OpenShell and Vera enable agents to operate securely while completing their work as quickly as possible. As open source software, OpenShell can also be extended to work with third-party compute platforms, including those from Arm and Intel.

The NVIDIA Open Agent Safety Platform reference system design features NVIDIA Sentry, an out-of-band watchdog that runs on NVIDIA BlueField^®-4 DPUs to continuously monitor agent behavior. Sentry provides in-silicon security enforcement, meaning that if an AI agent attempts to move outside its software boundary, Sentry quarantines and stops it in milliseconds.

Running on BlueField-4 DPUs, Sentry continuously monitors agent activity and enforces security policies independently in silicon. It combines threat detection, hardware-based agent governance and enforcement and data access protection from an isolated, out-of-band trust domain that is responsive in real time and invisible to agents and attackers.

Sentry is built on NVIDIA DOCA™ software, which provides the programmable capabilities Sentry uses to inspect agent requests and responses, provide attested telemetry, verify agent identity and enforce granular, zero-trust access policies for data, tools, application programming interfaces and services.

Industry Leaders Strengthen Agent Security With NVIDIA
Anthropic and NVIDIA have collaborated to bring additional layers of security and control to the agent stack. Claude Managed Agents establish a security boundary by running the agent loop in a separate server from the sandboxes where their work executes. Integrations with OpenShell and BlueField enable enterprises to enforce strict control over agent access through those sandboxes.

“Companies are giving AI agents more of their most important work, and they need to direct and verify what those agents do, especially in sensitive environments,” said Paul Smith, chief commercial officer of Anthropic. “Claude Managed Agents gives companies a clear view of what each agent is doing, and NVIDIA’s platform adds another layer of governance and control across hardware and software.”

SpaceXAI is using NVIDIA Open Agent Safety Platform for Cursor coding agents and Grok models.

“As customers rely more on agents to get real work done, safety should be enforced outside the model by additional controls the agent can’t get past,” said Mike Nicolls, president at SpaceXAI. “Customers should be able to set those limits for Cursor and Grok and trust they will hold.”

Scale AI is working with NVIDIA to incorporate NVIDIA Open Agent Safety Platform technologies into the agentic infrastructure layer of Scale GenAI Portfolio.

“Scale AI is using the NVIDIA Open Agent Safety Platform reference design to build reliable agentic AI systems for our enterprise and government customers running mission-critical applications, with isolation, policy enforcement and auditability built in from the start,” said Francis deSouza, CEO of Scale AI. “We support agentic security with clear boundaries that define what agents can do, and controls that keep them operating within those permissions.”

Salesforce and NVIDIA have integrated OpenShell with Slack, enabling teams to manage OpenShell agent activity directly from Slack — viewing agent activity and audit events, and approving or rejecting agent requests for additional permissions — giving teams greater visibility and human oversight as agents work.

SAP is embedding OpenShell with Joule Studio runtime, part of the SAP Business AI Platform, to pair business oversight with runtime security. The company is also contributing engineering work to OpenShell and working with NVIDIA to advance interoperability standards through the Open Secure AI Alliance.

Accenture, Armadin, Cadence, Cognition, CrowdStrike, Cisco, Dassault Systèmes, Deloitte, EY, Hugging Face, IBM, Irregular, Perplexity, Microsoft, SAP, Scale AI, ServiceNow, Siemens, Synopsys, OpenClaw, Palantir and Palo Alto Networks are also among the over 100 organizations working with NVIDIA Open Agent Safety Platform technologies.

Robotics leaders — such as Figure, Gecko Robotics and Skild AI — are also building with OpenShell to embed agent safety controls into autonomous systems that take action in the physical world.

Citi and JPMorganChase are among the financial services leaders collaborating with NVIDIA on shared open source agent safety technologies.

Energy leaders Hitachi Energy, EPRI, NextEra Energy, Quanta Services, SPP, Schneider Electric, Siemens Energy and Worley are among critical U.S. infrastructure providers working with NVIDIA Open Agent Safety Platform technologies.

Infrastructure software leaders Canonical, SUSE and Red Hat are also integrating NVIDIA Open Agent Safety Platform into widely used software operating systems. Red Hat runs OpenShell and DOCA, both part of NVIDIA Open Agent Safety Platform, on Red Hat AI Factory with NVIDIA, a co-engineered, enterprise-grade AI solution for building, deploying and managing AI at scale across hybrid cloud environments.

NVIDIA partners including Baseten, Cisco, CoreWeave, Dell Technologies, GMI Cloud, HPE, HP Inc., Irregular, Lenovo, Microsoft, Nebius, Oracle Cloud Infrastructure, Supermicro and Together AI are among those offering AI infrastructure solutions that use and support NVIDIA Open Agent Safety Platform technologies to help customers run AI agents more securely.

Availability
NVIDIA Open Agent Safety Platform software, including OpenShell and skills, are available through the NVIDIA developer resources page and GitHub.

Ecosystem contributions such as NVIDIA Open Agent Safety Platform support the mission of the Open Secure AI Alliance as well as the broader AI safety and security community. Initiated by NVIDIA alongside over 120 leading organizations and governed by the Linux Foundation, the Open Secure AI Alliance strengthens AI agent security through open research, skills and tools, as well as projects like the Shared AI Findings Exchange, or SAFE.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Corporate Communications
NVIDIA Corporation
press@nvidia.com

Certain statements in this press release including, but not limited to, statements as to: AI’s extraordinary potential for society only being realized if we solve AI safety; NVIDIA Open Agent Safety Platform bringing together industry, researchers and public-sector organizations to share best practices, align on evaluation methods and foster international cooperation; NVIDIA, together with its commercial partners, raising the bar for global AI safety; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, and other NVIDIA product and service names are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries and regions. Other company, product, and service names may be trademarks of the respective companies with which they are associated.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7d3dd25-89b5-40c1-ac1b-77004a3ed2b3

Open Software Platform and Reference System Design Brings Together Industry, Researchers and Public-Sector Organizations to Set Safer Boundaries for AI Agents, Share Best Practices and Foster International Cooperation to Raise the Bar for Safer AI Agent Deployment

News Summary:

• NVIDIA Open Agent Safety Platform consists of NVIDIA OpenShell open source software and the NVIDIA Sentry reference system design that enables full-stack governance and control across software and the hardware, compute and robotics systems that run agents.
• OpenShell software provides a secure runtime boundary that traces all actions and enforces policy as agents run on NVIDIA Vera CPUs. As open source software, OpenShell can be extended to work with third-party compute platforms, including those from Arm and Intel.
• Sentry adds an out-of-band watchdog that runs on NVIDIA BlueField-4 DPUs to continuously monitor agent behavior. Sentry can quarantine agents that attempt to move outside their boundaries in milliseconds.
• Industry leaders from across the AI ecosystem are joining NVIDIA to strengthen AI safety for every industry across the full stack of infrastructure, software, models and robotics — including Anthropic, Cisco, CrowdStrike, Dell Technologies, Figure, HPE, Hugging Face, JPMorganChase, Microsoft, Palantir, Palo Alto Networks, Perplexity, Red Hat, Salesforce, SAP, Scale AI, ServiceNow and SpaceXAI.

SANTA CLARA, Calif., Sept. 28, 2026 (GLOBE NEWSWIRE) — NVIDIA today announced NVIDIA Open Agent Safety Platform, an open software platform and reference system design to strengthen AI security from agent testing to deployment, with full-stack governance and control across software and the hardware, compute and robotics systems that run agents.

Recent security incidents have underscored the need to equip organizations with open, customizable tools that enforce more control over long-running agents. Across these incidents, the pattern is the same — the agent circumvented security controls at the application layer to complete its assigned task.

“AI’s extraordinary potential for society will only be realized if we solve AI safety,” said Jensen Huang, founder and CEO of NVIDIA. “As we continue to discover the frontier of AI capabilities, we must accelerate discovery at the frontier of AI safety. Safety and security require full-stack engineering. NVIDIA Open Agent Safety Platform brings together industry, researchers and public-sector organizations to share best practices, align on evaluation methods and foster international cooperation. Together, we can raise the bar for global AI safety.”

Open Agent Safety Platform Adds Control Across the Full Agent Stack
NVIDIA Open Agent Safety Platform enables full-stack governance and control across the software that runs agents, the hardware and compute layers that power their work, and the robotics systems that execute tasks in the physical world. Organizations can deploy elements of NVIDIA Open Agent Safety Platform according to their unique requirements.

It includes NVIDIA OpenShell™ secure runtime software that sets boundaries for agents running on CPUs. As agents take on more work across more systems, enterprises need an enforceable boundary outside of the model and agent harness. Now broadly available, OpenShell provides a secure runtime boundary for controlling how autonomous AI agents execute tasks across open and closed models.

OpenShell delivers this protection with minimal overhead on NVIDIA Vera, the first purpose-built CPU for agentic AI. Together, OpenShell and Vera enable agents to operate securely while completing their work as quickly as possible. As open source software, OpenShell can also be extended to work with third-party compute platforms, including those from Arm and Intel.

The NVIDIA Open Agent Safety Platform reference system design features NVIDIA Sentry, an out-of-band watchdog that runs on NVIDIA BlueField^®-4 DPUs to continuously monitor agent behavior. Sentry provides in-silicon security enforcement, meaning that if an AI agent attempts to move outside its software boundary, Sentry quarantines and stops it in milliseconds.

Running on BlueField-4 DPUs, Sentry continuously monitors agent activity and enforces security policies independently in silicon. It combines threat detection, hardware-based agent governance and enforcement and data access protection from an isolated, out-of-band trust domain that is responsive in real time and invisible to agents and attackers.

Sentry is built on NVIDIA DOCA™ software, which provides the programmable capabilities Sentry uses to inspect agent requests and responses, provide attested telemetry, verify agent identity and enforce granular, zero-trust access policies for data, tools, application programming interfaces and services.

Industry Leaders Strengthen Agent Security With NVIDIA
Anthropic and NVIDIA have collaborated to bring additional layers of security and control to the agent stack. Claude Managed Agents establish a security boundary by running the agent loop in a separate server from the sandboxes where their work executes. Integrations with OpenShell and BlueField enable enterprises to enforce strict control over agent access through those sandboxes.

“Companies are giving AI agents more of their most important work, and they need to direct and verify what those agents do, especially in sensitive environments,” said Paul Smith, chief commercial officer of Anthropic. “Claude Managed Agents gives companies a clear view of what each agent is doing, and NVIDIA’s platform adds another layer of governance and control across hardware and software.”

SpaceXAI is using NVIDIA Open Agent Safety Platform for Cursor coding agents and Grok models.

“As customers rely more on agents to get real work done, safety should be enforced outside the model by additional controls the agent can’t get past,” said Mike Nicolls, president at SpaceXAI. “Customers should be able to set those limits for Cursor and Grok and trust they will hold.”

Scale AI is working with NVIDIA to incorporate NVIDIA Open Agent Safety Platform technologies into the agentic infrastructure layer of Scale GenAI Portfolio.

“Scale AI is using the NVIDIA Open Agent Safety Platform reference design to build reliable agentic AI systems for our enterprise and government customers running mission-critical applications, with isolation, policy enforcement and auditability built in from the start,” said Francis deSouza, CEO of Scale AI. “We support agentic security with clear boundaries that define what agents can do, and controls that keep them operating within those permissions.”

Salesforce and NVIDIA have integrated OpenShell with Slack, enabling teams to manage OpenShell agent activity directly from Slack — viewing agent activity and audit events, and approving or rejecting agent requests for additional permissions — giving teams greater visibility and human oversight as agents work.

SAP is embedding OpenShell with Joule Studio runtime, part of the SAP Business AI Platform, to pair business oversight with runtime security. The company is also contributing engineering work to OpenShell and working with NVIDIA to advance interoperability standards through the Open Secure AI Alliance.

Accenture, Armadin, Cadence, Cognition, CrowdStrike, Cisco, Dassault Systèmes, Deloitte, EY, Hugging Face, IBM, Irregular, Perplexity, Microsoft, SAP, Scale AI, ServiceNow, Siemens, Synopsys, OpenClaw, Palantir and Palo Alto Networks are also among the over 100 organizations working with NVIDIA Open Agent Safety Platform technologies.

Robotics leaders — such as Figure, Gecko Robotics and Skild AI — are also building with OpenShell to embed agent safety controls into autonomous systems that take action in the physical world.

Citi and JPMorganChase are among the financial services leaders collaborating with NVIDIA on shared open source agent safety technologies.

Energy leaders Hitachi Energy, EPRI, NextEra Energy, Quanta Services, SPP, Schneider Electric, Siemens Energy and Worley are among critical U.S. infrastructure providers working with NVIDIA Open Agent Safety Platform technologies.

Infrastructure software leaders Canonical, SUSE and Red Hat are also integrating NVIDIA Open Agent Safety Platform into widely used software operating systems. Red Hat runs OpenShell and DOCA, both part of NVIDIA Open Agent Safety Platform, on Red Hat AI Factory with NVIDIA, a co-engineered, enterprise-grade AI solution for building, deploying and managing AI at scale across hybrid cloud environments.

NVIDIA partners including Baseten, Cisco, CoreWeave, Dell Technologies, GMI Cloud, HPE, HP Inc., Irregular, Lenovo, Microsoft, Nebius, Oracle Cloud Infrastructure, Supermicro and Together AI are among those offering AI infrastructure solutions that use and support NVIDIA Open Agent Safety Platform technologies to help customers run AI agents more securely.

Availability
NVIDIA Open Agent Safety Platform software, including OpenShell and skills, are available through the NVIDIA developer resources page and GitHub.

Ecosystem contributions such as NVIDIA Open Agent Safety Platform support the mission of the Open Secure AI Alliance as well as the broader AI safety and security community. Initiated by NVIDIA alongside over 120 leading organizations and governed by the Linux Foundation, the Open Secure AI Alliance strengthens AI agent security through open research, skills and tools, as well as projects like the Shared AI Findings Exchange, or SAFE.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Corporate Communications
NVIDIA Corporation
press@nvidia.com

Certain statements in this press release including, but not limited to, statements as to: AI’s extraordinary potential for society only being realized if we solve AI safety; NVIDIA Open Agent Safety Platform bringing together industry, researchers and public-sector organizations to share best practices, align on evaluation methods and foster international cooperation; NVIDIA, together with its commercial partners, raising the bar for global AI safety; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, and other NVIDIA product and service names are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries and regions. Other company, product, and service names may be trademarks of the respective companies with which they are associated.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7d3dd25-89b5-40c1-ac1b-77004a3ed2b3

Transmission system operator Fingrid will raise main grid service fees by 4 per cent as of the beginning of 2027. The increase is driven by a substantial investment programme anticipating future customer needs and the rising costs of the expanding power system. Strengthening the transmission grid supports economic growth by enabling industrial investments in Finland.

In recent years, Fingrid’s operating costs have increased significantly as a result of the growth of the power system and changes in the electricity production structure. At the same time, revenue from main grid service fees has not grown at a corresponding rate, as the fees are primarily determined by electricity consumption. Electricity consumption is expected to grow significantly in the coming years, but the grid investments needed to enable this growth must be made in advance. Connection agreements enabling increased electricity consumption have already been concluded at an accelerating pace, which has increased grid connection fee revenues and at the same time curbed the need to increase the electricity transmission fees included in main grid service fees.

The increase in costs is driven by an extensive investment programme aimed to proactively meet the needs of main grid customers while creating the conditions for industrial and clean energy investments and strengthening Finland’s competitiveness. Fingrid’s grid investments have already enabled the rapid transformation of the power system, including the connection of more than 13,000 megawatts of clean electricity generation to Finland’s power system. At the same time, new consumption amounting to over 8,000 megawatts is connecting to Finland’s power system as a result of connection agreements already concluded.

The costs of main grid operations are also increased by the geographic separation of electricity production and consumption, which increases the need for electricity transmission and transmission losses in the grid.

The increase now being made applies only to the main grid service fee, i.e. electricity transmission pricing.

Moderate impact on household electricity bills

The impact of the increase in main grid service fees on household electricity bills is moderate. Main grid service fees account for approximately 3 per cent of the total electricity bill price, so the impact of the increase on household electricity bills is approximately 0.1 per cent. The electricity bill consists of the price of electricity energy, electricity transmission and taxes. Of the total amount, electricity energy accounts for approximately 40 per cent, electricity transmission for approximately 30 per cent, and taxes for approximately 30 per cent.

Further information:
Jussi Jyrinsalo, Executive Vice President, Customers and Grid Planning, Fingrid Oyj, tel. +358 30 395 5118

Emails are in the format firstname.lastname@fingrid.fi

Read more:
Main grid contract and service fees 
Main grid service fees 2027

Strategic Shift from Grocery to Travel Supports Higher Revenue and Gross Margin; Total Net Loss Narrows 57%

Singapore, Sept. 28, 2026 (GLOBE NEWSWIRE) — WEBUY GLOBAL LTD. (Nasdaq: WBUY) (“Webuy” or the “Company”), a technology-enabled travel services company, today announced its unaudited financial results for the six months ended June 30, 2026.

Revenue from continuing operations increased 94.4% year-over-year to US$14.31 million, while gross profit increased 131.7% to US$1.83 million. Gross profit margin increased from 10.71% to 12.77%, and total net loss decreased 56.8% to US$3.32 million.

Following the Company’s exit from its grocery operations, packaged tours accounted for all revenue from continuing operations for the six months ended June 30, 2026.

First-Half 2026 Financial Highlights

US$ million, except margins	H1 2026	H1 2025	YoY Change
Revenue from Continuing Operations	14.31	7.36	+94.4%
Gross Profit	1.83	0.79	+131.7%
Gross Margin	12.77%	10.71%	+206 bps
Total Net Loss	(3.32)	(7.69)	Narrowed 56.8%

Unaudited results. Comparative figures reflect the reclassification of the Singapore grocery business as discontinued operations.

Packaged-tour revenue increased 106.8% in Singapore and 106.9% in Indonesia. Singapore growth reflected new contributions from Altitude and the Company’s MICE division, while Indonesia growth was supported by continued market penetration and demand for outbound travel products.

Management Commentary
Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy, commented:
“When we made the strategic decision to exit grocery e-commerce and focus on travel, our objective was to build a business with stronger growth potential, improved margins and greater scalability.”

“Our first-half results provide clear financial evidence that our strategic transformation is gaining traction. Revenue nearly doubled, gross profit grew even faster, gross margin expanded and net loss narrowed substantially. These improvements reinforce our confidence in the direction of our travel-focused strategy.”

“We are now advancing our next phase of development, with a focus on China inbound tourism, higher-value private and customized journeys and AI-enabled operations. As we continue developing and integrating AI-enabled tools across sales, itinerary planning, quotation, supplier coordination and customer service, we aim to improve operating efficiency and build a more scalable travel operating model.”

“Our objective is to continue developing a scalable, technology-enabled travel operating platform capable of serving international markets and delivering personalized travel experiences.”

China Inbound Travel Strategy
Webuy is positioning China inbound travel as a key component of its next phase of development through WeTrip, its international China travel platform.

The Company sees opportunities to serve overseas visitors seeking professionally coordinated China travel experiences, including private and customized journeys.

Through WeTrip, the Company intends to develop offerings designed to address aspects of China travel including itinerary planning, language assistance, transportation coordination and on-trip support. The Company also plans to continue integrating AI-enabled capabilities into sales, itinerary planning, quotation and customer service processes with the objective of standardizing traditionally labor-intensive workflows, improving operating efficiency and supporting the scalability of customized travel services.

Second–Half 2026 Business Update
Following the end of the reporting period, the Company reported additional booking activity at the August 2026 NATAS Travel Fair in Singapore. As previously announced, the Company recorded approximately US$4.76 million in preliminary unaudited travel bookings at the event, approximately 42% higher than at the March 2026 event.

Travel bookings represent the gross value of travel products reserved and do not constitute recognized revenue. Such bookings may be subject to cancellation, modification or other adjustments and should not be viewed as an indication of revenue that will ultimately be recognized.

The Company continues to focus on operating efficiency, capital allocation and strategic investment in the development of its travel business.

About WEBUY GLOBAL LTD

WEBUY GLOBAL LTD. (Nasdaq: WBUY) is a technology-enabled travel services company operating across Southeast Asia. The Company provides curated leisure travel experiences, cross-border tour services, premium travel offerings, customized travel solutions, and region-wide travel-related services for customers in Indonesia, Singapore, and international markets. Webuy is focused on developing an integrated travel platform incorporating AI, service excellence, and strong regional supplier relationships and operating capabilities.

For more information, visit www.webuy.global.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including statements regarding expected growth of the Company’s travel and premium travel segments, the scalability of its technology-enabled travel model, future investment in AI capabilities and travel supply partnerships, and the Company’s ability to translate booking momentum into sustainable growth and long-term shareholder value. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximately,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the U.S. Securities and Exchange Commission (the “Commission”) before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

CONTACT: Investor & Media Contact
WEBUY GLOBAL LTD
Email: ir@webuy.global

In week 39 2026, Festi purchased in total 300,000 own shares for total amount of 90,487,500 ISK as follows:

Week		Date	Time		Purchased shares		Share price	Purchase price
39	21.9.2026			14:20:21		75.000	304,0		22.800.000
39	23.9.2026			11:23:02		75.000	302,0		22.650.000
39	24.9.2026			13:31:26		75.000	300,0		22.500.000
39	25.9.2026			10:53:52		75.000	300,5		22.537.500
					300.000			90.487.500

The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European Parliament and of the Council No. 596/2014, on market abuse, the Commission Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.

Before these purchases, Festi held 6,168,309 own shares, corresponding to 1.97% of the issued share capital. Festi has now purchased a total of 2,789,445 own shares for 858,930,103 ISK and currently holds 6,468,309 own shares, corresponding to 2.07% of the issued share capital. This is an announcement of Festi’s purchase of own shares in accordance with the buyback program announced on 1 July 2026 in an announcement to Nasdaq Iceland. The program envisages the buyback of up to 3,000,000 own shares, corresponding to 0.96% of the issued share capital, provided that the total purchase price under the program shall not exceed ISK 1,000 million.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).

CERTIFICATE MATURITY	260930
FIXED RATE (STEERING RATE + 10 b.p.)	1.85 %
VOLUME BOUGHT	20.00 BLN
TRADE DAY	260928
SETTLEMENT DAY	260929