Tag: GlobeNewswire

COCONUT CREEK, Fla., Nov. 03, 2026 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced its financial results for the third quarter ended September 30, 2026.

Third Quarter 2026 Highlights (All metrics compared to third quarter 2025, except where noted)

• Record quarterly total revenue of $246.3 million, an increase of 34.3%
• Record quarterly lease rent revenue of $84.4 million, an increase of 10.2%
• Quarterly maintenance services revenue of $11.2 million, an increase of 208.5%
• Quarterly management and advisory fees of $4.5 million, an increase of 140.0%
• Record quarterly income from investments of $7.3 million, an increase of 40.8%

“Year to date we have focused on launching Willis Aviation Capital and growing AUM,” said Austin Willis, CEO of Willis Lease Finance Corporation, “as we now refocus on growing the entire Willis platform, inclusive of our balance sheet, we expect profits in our core leasing business to accelerate as we realize economies of scale.”

Third Quarter 2026 Operating Results

Lease rent revenue increased by $7.8 million, or 10.2%, to $84.4 million in the three months ended September 30, 2026 from $76.6 million for the three months ended September 30, 2025. The increase is due to an increase in the average size of the portfolio as compared to that of the prior year period and a strong lease rate factor.

During the third quarter of 2026, the Company recognized $2.6 million of long-term maintenance revenue, compared to $29.5 million for the quarter ended September 30, 2025, as the maintenance reserves and end-of-lease payments for assets coming off lease with long-term conditions were higher in the prior comparable period. Long-term maintenance revenue is influenced by end-of-lease compensation and the realization of long-term maintenance reserves associated with assets coming off lease. Engines on lease with “non-reimbursable” usage fees generated $36.8 million of short-term maintenance revenues, compared to $46.6 million in the comparable prior period. Short-term maintenance revenues are a proxy for flight time of our portfolio of engines.

Spare parts and equipment sales increased by $92.7 million, to $98.1 million for the three months ended September 30, 2026, compared to $5.4 million for the three months ended September 30, 2025. Spare parts sales were $9.1 million and $5.4 million for the three months ended September 30, 2026 and 2025, respectively, an increase of $3.7 million, or 67.8%, compared to the same period in 2025. The increase in spare parts sales reflects variations in the timing of sales to third-party customers and is not reflective of intra-company sales as the parts business provides used serviceable material across the broader Willis platform. Equipment sales for the three months ended September 30, 2026 were $89.1 million for the sale of five aircraft, two engines, and one airframe. There were no equipment sales for the three months ended September 30, 2025. The increase in equipment sales primarily reflects the sale of five aircraft acquired in connection with the WNG Acquisition to the Company’s joint venture, Willis Mitsui & Company Engine Support Limited (“WMES”), where the Company acted in a warehouse capacity to effect these transactions.

For the quarter ended September 30, 2026, the gain on sale of leased equipment was $5.5 million, reflecting the sale of eight engines and other parts and equipment from the lease portfolio. During the three months ended September 30, 2025, the Company sold 10 engines, one airframe, and other parts and equipment for a net gain of $16.1 million.

The book value of lease assets owned either directly or through WLFC’s joint ventures, inclusive of the Company’s equipment held for operating lease, maintenance rights, notes receivable, and investments in sales-type leases was $4,174.2 million as of September 30, 2026.

The value of our assets under management, inclusive of the book value of WLFC’s on-balance sheet assets as well as leased assets in our joint ventures, third-party managed assets, and managed fund portfolios was $4.9 billion as of September 30, 2026.

NON-GAAP FINANCIAL MEASURES

Adjusted EBITDA

We analyze our financial data to evaluate the health of our business and assess our performance. As appropriate, in addition to income or loss from operations under GAAP, we use Adjusted EBITDA, a non-GAAP financial measure, to evaluate our business. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance as it excludes certain items that may not be indicative of our recurring operating results. We also believe that investors, in addition to management, benefit from referring to this non-GAAP financial measure in assessing our performance, when viewed together with our GAAP results. While items excluded from Adjusted EBITDA may be recurring in nature and should not be disregarded in evaluating performance, it can be useful to exclude such items as they can vary significantly between periods and or not be indicative of current or future operating results.

Because non-GAAP financial measures are not standardized, our calculation of Adjusted EBITDA may differ from similarly titled non-GAAP measures, if any, reported by other companies. This non-GAAP financial measure should not be considered in insolation from, or as a substitute for, financial information performed in accordance with GAAP.

We define Adjusted EBITDA as net income attributable to common shareholders, excluding (i) income tax expense, (ii) interest expense, (iii) preferred stock dividends/costs, (iv) loss on debt extinguishment, (v) depreciation and amortization expense, (vi) stock compensation expense, (vii) write-down of equipment, (viii) acquisition, financing and divestitures related expenses, and (ix) other items not indicative of our ongoing operating performance.

Adjusted EBITDA was approximately $100.9 million and $135.0 million for the three months ended September 30, 2026 and 2025, respectively, and $345.5 million and $354.4 million for the nine months ended September 30, 2026 and 2025, respectively. See below for the reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, net income attributable to common shareholders.

	Three months ended September 30,						Nine months ended September 30,
		2026			2025			2026				2025
	(in thousands)
Net income attributable to common shareholders	$	10,228		$	22,885		$	62,635			$	97,316
Add: Income tax expense		7,126			18,893			26,709				41,198
Add: Interest expense		32,243			34,177			94,565				99,840
Add: Preferred stock dividends/costs		1,446			1,439			4,291				4,254
Add: Loss on debt extinguishment		562			2,963			13,010				2,963
Add: Depreciation and amortization expense		31,367			28,662			90,613				81,236
Add: Stock compensation expense		12,262			11,281			38,717				34,939
Add: Write-down of equipment		4,450			10,201			10,509				23,768
Add: Acquisition, financing and divestitures related expenses		1,164			676			5,966				1,504
Add: Other (1)		35			3,826			(1,546	)			(32,622	)
Adjusted EBITDA	$	100,883		$	135,003		$	345,469			$	354,396

________________________________________________________

1. During the three months ended September 30, 2026 and 2025, the Company recognized $11 thousand and $3.8 million, respectively, and $(1.6) million and $10.3 million, respectively, during the nine months ended September 30, 2026 and 2025 in non-recurring project expenses associated with the sustainable aviation fuel project, which the Company decided to cease further investment in. The negative expense recognized during the nine-month period ended September 30, 2026 reflects government grant proceeds recognized. Additionally, during the three and nine months ended September 30, 2026, the Company recognized $24 thousand in expense associated with reincorporation, and during the nine months ended September 30, 2025, the Company recognized $43.0 million in relation to the gain on sale of the BAML business.

Balance Sheet

As of September 30, 2026, the Company had $3,024.4 million of equipment held in our operating lease portfolio, $128.6 million of notes receivable, and $146.5 million of maintenance rights, which represented 341 engines, 31 aircraft, one marine vessel, and other leased parts and equipment. As of December 31, 2025, the Company had $2,801.7 million of equipment held in our operating lease portfolio, $139.9 million of notes receivable, $30.6 million of maintenance rights, and $16.6 million of investments in sales-type leases, which represented 363 engines, 20 aircraft, one marine vessel and other leased parts and equipment.

Conference Call

WLFC will hold a conference call led by the executive management team today at 10:00 a.m. Eastern Time to discuss its third quarter 2026 results.

To participate in the conference call, please use the following dial-in numbers:

U.S. and Canada: +1 (800) 330-6730
International: +1 (786) 297-8585
Conference ID: 6125236
Participant Passcode: 974110

The conference call may also be accessed by registering via the following link:
https://event.webcasts.com/starthere.jsp?ei=1759374&tp_key=c0ab3b632b

A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit the Investor Relations sections of our website at https://www.wlfc.global/investor-center.

About Willis Lease Finance Corporation

Willis Lease Finance Corporation (WLFC) leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO, and ground and cargo handling services.

Forward-Looking Statements

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors, as well as the impact of new or increased tariffs; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

Unaudited Condensed Consolidated Statements of Income
(In thousands, except per share data) 

		Three months ended September 30,										Nine months ended September 30,
			2026				2025		% Change				2026			2025		% Change
REVENUE
Lease rent revenue		$	84,379			$	76,552		10.2	%		$	238,901		$	216,559		10.3	%
Maintenance reserve revenue			39,326				76,054		(48.3	)%			141,294			181,656		(22.2	)%
Spare parts and equipment sales			98,131				5,394		1,719.3	%			140,998			53,988		161.2	%
Interest revenue			2,585				3,360		(23.1	)%			6,556			10,943		(40.1	)%
Gain on sale of leased equipment			5,452				16,134		(66.2	)%			55,449			48,153		15.2	%
Gain on sale of financial assets			—				—		nm				592			378		56.6	%
Maintenance services revenue			11,217				3,636		208.5	%			29,969			17,253		73.7	%
Management and advisory fees			4,515				1,881		140.0	%			17,934			6,431		178.9	%
Other revenue			717				378		89.7	%			2,992			1,262		137.1	%
Total revenue			246,322				183,389		34.3	%			634,685			536,623		18.3	%
EXPENSES
Depreciation and amortization expense			31,367				28,662		9.4	%			90,613			81,236		11.5	%
Cost of spare parts and equipment sales			91,070				6,684		1,262.5	%			120,584			50,109		140.6	%
Cost of maintenance services			12,918				5,135		151.6	%			32,128			19,085		68.3	%
Write-down of equipment			4,450				10,201		(56.4	)%			10,509			23,768		(55.8	)%
General and administrative			48,732				49,190		(0.9	)%			160,895			147,339		9.2	%
Technical expense			13,495				8,352		61.6	%			33,130			22,090		50.0	%
Net finance costs:
Interest expense			32,243				34,177		(5.7	)%			94,565			99,840		(5.3	)%
Loss on debt extinguishment			562				2,963		(81.0	)%			13,010			2,963		339.1	%
Total net finance costs			32,805				37,140		(11.7	)%			107,575			102,803		4.6	%
Total expenses			234,837				145,364		61.6	%			555,434			446,430		24.4	%
Income from operations			11,485				38,025		(69.8	)%			79,251			90,193		(12.1	)%
Gain on sale of business			—				—		nm				—			42,950		(100.0	)%
Income from investments			7,311				5,192		40.8	%			14,532			9,625		51.0	%
Income before income taxes			18,796				43,217		(56.5	)%			93,783			142,768		(34.3	)%
Income tax expense			7,126				18,893		(62.3	)%			26,709			41,198		(35.2	)%
Net income			11,670				24,324		(52.0	)%			67,074			101,570		(34.0	)%
Net income (loss) attributable to noncontrolling interests			(4	)			—		nm				148			—		nm
Net income attributable to WLFC			11,674				24,324		(52.0	)%			66,926			101,570		(34.1	)%
Preferred stock dividends			1,376				1,369		0.5	%			4,082			4,045		0.9	%
Accretion of preferred stock issuance costs			70				70		—	%			209			209		—	%
Net income attributable to common shareholders		$	10,228			$	22,885		(55.3	)%		$	62,635		$	97,316		(35.6	)%
Basic weighted average income per common share		$	0.48			$	1.12					$	3.00		$	4.82
Diluted weighted average income per common share		$	0.47			$	1.08					$	2.86		$	4.63
Basic weighted average common shares outstanding			21,154				20,439						20,875			20,208
Diluted weighted average common shares outstanding			21,941				21,093						21,904			21,021

Unaudited Condensed Consolidated Balance Sheets
(In thousands, except per share data)

		September 30, 2026			December 31, 2025
ASSETS
Cash and cash equivalents		$	11,061		$	16,441
Restricted cash			122,610			530,500
Equipment held for operating lease, less accumulated depreciation			3,024,361			2,801,683
Maintenance rights			146,479			30,632
Equipment held for sale			151,282			20,509
Receivables, net			45,739			35,717
Spare parts inventory			52,082			56,577
Investments			167,361			104,250
Property, equipment & furnishings, less accumulated depreciation			77,026			73,835
Intangible assets, net			6,292			271
Notes receivable, net			128,595			139,945
Investments in sales-type leases, net			—			16,595
Due from affiliates			3,152			—
Other assets			116,323			109,360
Total assets		$	4,052,363		$	3,936,315
LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY
Liabilities:
Accounts payable and accrued expenses		$	145,874		$	105,706
Deferred income taxes			290,061			228,547
Debt obligations			2,524,677			2,700,338
Maintenance reserves			201,671			116,185
Security deposits			28,951			24,651
Unearned revenue			29,966			35,350
Due to affiliates			607			—
Total liabilities			3,221,807			3,210,777
Redeemable preferred stock ($0.01 par value)			97,992			63,401
Shareholders’ equity:
Common stock ($0.01 par value)			228			229
Paid-in capital in excess of par			83,517			72,510
Retained earnings			644,228			590,785
Accumulated other comprehensive income (loss), net of tax			1,518			(1,387	)
Total Willis Lease Finance Corporation shareholders’ equity			729,491			662,137
Noncontrolling interests			3,073			—
Total equity			732,564			662,137
Total liabilities, redeemable preferred stock and equity		$	4,052,363		$	3,936,315

CONTACT:

Scott B. Flaherty
Executive Vice President & Chief Financial Officer
561.413.0112

LONGUEUIL, Québec, Nov. 03, 2026 (GLOBE NEWSWIRE) — Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) announces that a new NI 43-101 mineral resource estimate (“MRE”) is underway for the Patwon Gold Deposit following the completion of its 2026 diamond drilling program – the results of which are reported below – on its wholly owned Elmer Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Québec, Canada (see Figures 1 to 5). In addition, the Company has conducted fieldwork on the Property to further assess its copper-gold targets.

The updated MRE is supported by the latest drill results and reflects the current higher gold price. After this step, the Company will determine the best way to further advance the Property. Several parties have recently expressed interest in the project. Azimut is concurrently advancing other major projects, particularly Wabamisk (see press release of October 26, 2026ⁱ), where significant drilling is planned for later this year and in 2027.

Drilling at Patwon targeted the deposit’s extensions using widely spaced (100 m to 200 m) holes to the east and west, which intersected additional gold-bearing mineralization near the current resource shell. The two most significant intercepts outside the resource shell are:

Eastern step-out:	3.15 g/t Au over 7.05 m from 481.15 m to 488.20 m, including
	5.01 g/t Au over 4.30 m in hole ELM26-265
Western step-out:	2.26 g/t Au over 8.00 m from 383.00 m to 391.00 m in hole ELM26-259

2026 Drilling Program – Upside Potential along Strike

Based on a systematic review of previous drilling data, the 2026 program targeted areas close to the current Patwon resource shell boundary where the deposit remains open.

Ten (10) holes (ELM26-259 to -268) were drilled for a total of 5,407.05 metres, with drilling operations ending in mid-June. The campaign was initially planned for 10,000 metres but was shortened due to severe winter conditions. Significant results are presented in Table 1, with hole coordinates in Table 2. These results support systematic additional drilling at 50-metre step-outs from the resource shell to continue expanding the deposit.

In addition, drilling is warranted to continue testing targets along the eastern and western strike extensions of Patwon along the Elmer structural corridor. In particular:

• A strong gold anomaly identified by till sampling 3.6 kilometres to the east with grades of up to 583 g/t Au in dense mineral concentrates (see press release of March 31, 2025ⁱⁱ); and
• A 14-kilometre-long target zone to the west, where prospecting and limited drilling has identified gold and copper-gold showings extending to the K2 area.

Update to the 2023 Initial Resource Estimate

Norda Stelo of Val-d’Or, Québec, has been retained to prepare an updated NI 43-101 MRE to include the 2026 drill results, updated costs and gold price assumptions. The updated MRE is expected to be completed by the end of 2026.

The current NI 43-101 compliant mineral resource estimate for Patwonⁱⁱⁱ, completed in 2023 (the “2023 MRE”), yielded the following estimate using a gold price of US$1,800 per ounce:

• Indicated resources:  311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au
• Inferred resources:  513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au

The 2023 MRE provided the following estimate using a gold price of US$2,160 per ounce, the highest price considered by the sensitivity analysis:

• Indicated resources:  324,800 ounces in 5.71 million tonnes grading 1.76 g/t Au
• Inferred resources:  585,400 ounces in 10.85 million tonnes grading 1.68 g/t Au

In this latter case (US$2,160), the open-pit portion comprises 322,900 ounces at 1.76 g/t Au (Indicated) and 363,600 ounces at 2.04 g/t Au (Inferred).

2026 Field Program

Drilling was followed by a focused geological mapping program during the summer, which also entailed:

• Reprocessing and merging of airborne geophysical surveys and field investigations of electromagnetic anomalies;
• Mechanical stripping;
• Channel and grab sampling (86 channel samples and 38 grab samples); and
• Lithogeochemical sampling for bedrock characterization (69 samples).

With the acquisition of the K2 claims in mid-2025 (see press release dated July 3, 2025^iv), the Elmer Property now covers a significant land position over a 43-kilometre stretch of the Elmer structural corridor hosting the Patwon Gold Deposit, as well as two felsic intrusive-volcanic sequences of the Lower Eastmain Archean greenstone belt. The felsic sequences exhibit extensive alteration and are considered highly prospective for volcanogenic polymetallic mineralization. Numerous historical gold, silver, copper and zinc showings within the felsic sequences remain underexplored, with limited or no drilling.

The 2026 surface program focused on the northern felsic sequence, which encompasses a 12-kilometre-long trend extending from the A21 showing to the AJ-2 showing. In 2024, grab samples in the Wolf North area returned grades of up to 5.09 g/t Au, 172 g/t Ag, and 7.53% Cu, highlighting the potential for volcanogenic massive sulphides along the trend (see press release dated March 31, 2025). Please note that grab samples are selective by nature, unlikely to represent average grades, and may not represent true underlying mineralization.

The geological mapping covered a 9-kilometre segment of the northern felsic sequence, across the Wolf North, Lac Boulder and AJ-2 showings. The work uncovered several metric to decametric sulphide-mineralized horizons, as well as extensive zones of intense alteration typically associated with volcanogenic massive sulphide deposits. To the west of the AJ-2 showing, alteration assemblages of quartz-black chlorite-magnetite and sericite-andalusite-garnet were documented. Full analytical results are pending, and the team is compiling the geological and geochemical data.

About the Elmer Property

The Elmer Property comprises 658 claims (346.6 km²) in a single block covering a 42.8-kilometre strike length. The Property lies 285 kilometres north of the town of Matagami, 60 kilometres east of the village of Eastmain, and 5 kilometres west of the paved Billy-Diamond Highway, a major all-season road. The region benefits from excellent infrastructure, including significant road access, a hydroelectric power grid and airports.

Drilling Contracts, Analytical Protocols and Management

Nouchimi-RJLL Drilling Inc. of Rouyn-Noranda, Québec, conducted the drilling program with one rig using NQ core diameter.

Sawed half-core drill core samples were sent to Actlabs Laboratories in Val-d’Or. Gold analyses were performed using PhotonAssay™ technology, a non-destructive X-ray analytical method that directly measures gold content in crushed rock samples. Samples were also analyzed for a 48-element suite using ICP. Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs. All batches sent for analysis included certified reference materials, blanks and field duplicates.

The project is under the direction of Rock Lefrançois (P.Geo.), Azimut’s Vice President Exploration.

Qualified person

Dr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this press release and approved the scientific and technical information disclosed herein, including the previously reported results presented in the figures and table supporting this press release. He is acting as the Company’s qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Azimut

Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company controls strategic land positions for gold, copper, nickel and lithium in Québec. Azimut is focused on several key high-impact projects:

• Wabamisk and Wabamisk East (100% Azimut), which host the Fortin Zone (antimony-gold), Rosa Zone (gold), Dome Sector (gold), and Lithos Zone (lithium).
• Elmer (100% Azimut), which hosts the resource-stage Patwon Deposit (gold) (311,200 oz Indicated and 513,900 oz Inferred).
• Kukamas (KGHM option), which hosts the Perseus Zone (nickel-PGE).
• Nickel North Corridor (SOQUEM option) for its nickel-copper-PGE potential.
• Corvet and Kaanaayaa (Centerra option) for their gold and copper potential.

Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine™ expert system), enhanced by extensive exploration know-how. The Company’s competitive edge is based on systematic, regional-scale data analysis. Azimut maintains rigorous financial discipline and a strong balance sheet.

Azimut has two strategic investors among its shareholders, Centerra Gold Inc. and Agnico Eagle Mines Limited, which hold approximately 12.7% and 11%, respectively, of the Company’s issued and outstanding shares.

Contact and Information

Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 – Fax: (450) 646-3045

Jonathan Rosset, Vice President Corporate Development
Tel.: (604) 202-7531
info@azimut-exploration.com    www.azimut-exploration.com

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events related to the drilling results from the Elmer Property. To the extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and are often identified by words such as “consider”, “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan”, “potential”, “suggest” and “believe”. The forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, community and non-governmental organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases, and failure to obtain necessary permits and approvals from government authorities, as well as other development and operating risks. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. 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, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncertainties that affect the Company’s business.

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 release.

________________
i Azimut’s New Exploration Results Support Large-Scale Gold Vein Field at Wabamisk
ii Azimut to Initiate a Scoping Study on the Patwon Gold Zone at its Flagship Elmer Project
ⁱⁱⁱ Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Québec, Canada, prepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent Nadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated January 4, 2024. The initial MRE comprises Indicated resources of 311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.
iv Azimut Expands its Flagship Elmer Project with the Acquisition of the K2 Property

Table 1 – Summary of Significant Assay Results
Patwon Zone, Elmer Property, James Bay Region, Québec
Hole #		Au (g/t) (1)	Length (m) (2)	From (m)	To (m)	Description
ELM26-259		0.89	1.50	126.70	128.20	Quartz-albite±tourmaline veins with sericitic alteration in intermediate tuff.
		2.26	8.00	383.00	391.00	2% quartz-chlorite with disseminated or clustered Py, parallel to schistosity. Visible gold @387.30m and 389.8m (2 grains).
ELM26-260		0.96	1.00	310.20	311.20	1% Quartz-Py±calcite-tourmaline veins discordant to schistosity.
		0.42	4.95	505.55	510.50	Local quartz-carbonate-tourmaline veins or veinlets with Py mineralization from 509.5m to 539m: main shear zone with 0.5% Py (up to 2% locally) with 2% veins
ELM26-261		0.38	1.50	458.60	460.10	0.5% Py, 0.2% Po. Local quartz-carbonate veins.
ELM26-262		0.39	1.50	235.00	236.50	Quartz-carbonate±chlorite veinlets and local stockwork, with 1-3% Py, trace Cp. Disseminated Py in host basalt
ELM26-263		2.98	1.50	70.00	71.50	Local carbonate±quartz veins in gabbro.
		0.41	1.50	422.80	424.30	15% Py, disseminated or in clusters at quartz-carbonate vein margins, discordant to schistosity.
ELM26-264		3.61	1.50	261.00	262.50	1-3% disseminated Py±Po. 15% carbonate veinlets in gabbro.
		0.71	1.50	295.50	297.00	0.5% Py in felsic lapillis tuff (semi-massive 15% @305.85m-306m).
		0.72	23.10	325.55	348.65	0.5% to locally 10% Py in gabbro and intermediate lapillis tuff. 5-20% quartz-carbonate veins with Py clusters.
	incl.	1.50	3.30	331.20	334.50
ELM26-265		0.99	1.50	44.10	45.60	1% disseminated Py in intermediate intrusive. Local quartz-ankerite±tourmaline veins, discordant to schistosity.
		3.15	7.05	481.15	488.20	4% Py, locally 10% at vein margins, associated with discordant quartz-calcite-chlorite veins. Visible gold in quartz vein at 481.7m.
	incl.	5.01	4.30	481.15	485.45
ELM26-266		0.46	1.50	24.85	26.35	5-10% quartz-calcite veins in intermediate intrusive, locally with Py±Cp.
ELM26-267		1.17	1.00	310.50	311.50	Discordant quartz-chlorite (trace Cp) vein between intermediate intrusive and intermediate tuff.
ELM26-268						NSV

Notes:
(1) Assays are not capped.
(2) Intervals presented as core lengths; true widths are not determined at this stage.
Py: pyrite; Po: pyrrhotite; Cp : chalcopyrite.
NSV : No significant value.

Table 2 – Drill Hole Coordinates
Patwon Zone, Elmer Property, James Bay Region, Québec
	UTM Zone 18N – NAD83
Hole #	Easting	Northing	Elevation (m)	Azimuth (°)	Dip (°)	Length (m)
ELM26-259	318,325	5,800,396	161	138	-60	434.75
ELM26-260	318,367	5,800,438	161	140	-69	569.50
ELM26-261	318,157	5,800,394	159	143	-63	507.00
ELM26-262	318,157	5,800,394	159	136	-75	711.00
ELM26-263	318,861	5,800,557	160	144	-61	531.00
ELM26-264	318,735	5,800,445	161	150	-63	447.00
ELM26-265	318,868	5,800,503	162	140	-75	597.00
ELM26-266	318,878	5,800,506	161	118	-52	451.80
ELM26-267	318,877	5,800,506	161	112	-66.7	543.00
ELM26-268	318,877	5,800,505	162	134	-77.1	615.00
					TOTAL	5,407.05

NEW YORK, Nov. 03, 2026 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2026.

Marc Rowan, Chairman and Chief Executive Officer at Apollo said, “Our strong third quarter results reflect the flywheel of our model, which starts with originating increasing amounts of good assets. Origination reached a new high of $114 billion in the quarter, and over the last twelve months, activity exceeded $350 billion while our clients entrusted us with $270 billion of inflows. Behind record pipelines and tangible momentum across the business, our core earnings power is growing and poised for a robust close to 2026 with a strong setup for 2027. Our mission remains clear: we are continuing to build a better, faster, stronger Apollo that is well positioned to lead the next generation of financial services.”

Apollo issued a full detailed presentation of its third quarter ended September 30, 2026 results, which can be viewed on Apollo’s Investor Relations website at ir.apollo.com.

Dividend

Apollo Global Management, Inc. has declared a cash dividend of $0.5625 per share of its Common Stock for the third quarter ended September 30, 2026. This dividend will be paid on November 30, 2026 to holders of record at the close of business on November 18, 2026.

The declaration and payment of dividends on the Common Stock are at the sole discretion of Apollo Global Management, Inc.’s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future.

Conference Call

Apollo will host a public audio webcast on Tuesday, November 3, 2026 at 8:30 a.m. Eastern Time. During the webcast, members of Apollo’s senior management team will review Apollo’s financial results for the third quarter ended September 30, 2026.

The webcast may be accessed at ir.apollo.com. For those unable to listen to the live broadcast, there will be a replay of the webcast available at the same link one hour after the event.

Apollo distributes its earnings releases via its website and email distribution lists. Those interested in receiving firm updates by email can sign up for them at ir.apollo.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2026, Apollo had approximately $1.07 trillion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements

In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are 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. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to inflation, interest rate fluctuations and market conditions generally, international trade barriers, domestic or international political developments and other geopolitical events, including geopolitical tensions and hostilities, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, Athene’s ability to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2026, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Investor and Media Relations Contacts

For investors please contact:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
212-822-0540
ir@apollo.com

For media inquiries please contact:
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
212-822-0491
communications@apollo.com

Press Release

Atos positioned as a leader in ISG Provider Lens^TM 2026 for Agentic AI Services

Paris, France – November 3, 2026 – Atos, a global leader of AI-powered digital transformation, today announces that it has been recognized as a Leader in the 2026 ISG Provider Lens^TM Agentic AI Services Report, in the agentic AI development and deployment services – large quadrant at global level. The positioning marks a significant progression from Market Challenger in 2025 and recognizes Atos’ ability to engineer governed, production-grade agentic AI systems that enterprises can put to work with confidence.

As organizations move toward AI agents able to act within business processes, the challenge is increasingly shifting from building agents to operating them securely and reliably at enterprise scale. Agents can route work, update records, trigger processes and interact with business systems, making integration, governance, security and accountability critical requirements for enterprise deployment.

The ISG Provider Lens^TM Agentic AI Services 2026 evaluation assesses providers engineering and operating agentic AI across enterprise workflows, including capabilities in orchestration, system integration, controlled execution, governance and human oversight.

Moving agentic AI from experimentation to trusted enterprise operations

The report highlights three strengths underpinning Atos’ approach to agentic AI.

• Autonomous data engineering, through the Atos Autonomous Data Engineer (ADE), which breaks data engineering activities into specialized agent functions covering areas such as analysis, modeling, transformation, evaluation and governance.
• Workflow and system integration. Atos connects AI decision-making with downstream enterprise systems across routing, triage, security, data and engineering workflows. This enables organizations to move beyond conversational AI toward agents that can execute and progress work across the enterprise.
• Agent assurance foundation, embedding security, access controls, autonomy boundaries, risk management and performance monitoring throughout the agent lifecycle.

This approach enables Atos to help organizations move agentic AI toward trusted autonomy at scale. Atos combines digital sovereignty, cybersecurity and decades of managed services experience within an end-to-end approach designed to embed security, compliance, explainability and human accountability. As a vendor-neutral integrator, the company can connect AI agents across heterogeneous enterprise environments, including ERP, ITSM, cloud, legacy and data estates. Its Scaler open innovation ecosystem further enables Atos to bring AI-native partner capabilities into solutions under Atos orchestration, security and accountability.

The breadth of this approach is also reflected in the range of agentic AI use cases Atos is developing and delivering, spanning industrial processes, aerospace, aviation, utilities, public services, banking, healthcare, education and retail, including mission-critical environments.

Recognition of Atos’ approach to governed AI execution

Gowtham Kumar Sampath, Principal Analyst, and Sushree Acharya, Senior Analyst at ISG, commented: “Atos engineers agentic systems around governed enterprise execution, connecting AI decisions with workflows, data and business systems while maintaining defined control boundaries for delegated operational work.”

“Enterprises don’t need more AI pilots. They need agents they can trust with real work. Being identified as a Leader by ISG, one year after being positioned as a Market Challenger, reflects our maturity in engineering agentic AI for governed execution: connecting AI decisions to the workflows, data and systems that run the business, with clear control boundaries” said Jennifer Ferrara, Head of AI, Atos.

The recognition further highlights Atos’ agentic AI approach that brings together strategy, governance, security, engineering and integration capabilities so that organizations can progressively delegate real business activities to AI agents while retaining appropriate visibility, control and accountability.

The ISG Provider Lens^TM Agentic AI Services 2026 report is available through the Atos landing page.

Atos Genesis Intelligence: taking AI from insights to action

Building on this momentum, Atos recently launched Atos Genesis Intelligence, its comprehensive end-to-end AI suite. Bringing together sovereign data management, advanced AI capabilities, secure orchestration and governance within a single ecosystem, Atos Genesis Intelligence provides the foundation to industrialize trusted and secure AI across enterprise operations. The suite is continuously enriched through the Atos Sovereign Agentic Studios, a global, production-first delivery model for real-world agentic AI deployments.

At the culmination of the suite, Atos Codex, which stands for Center of Operations and Data EXcellence, is designed for organizations operating in mission-critical environments. It connects operational data and context with cybersecurity controls and AI-driven reasoning to turn trusted insights into governed operational actions. By maintaining human oversight and governance, Atos Codex helps organizations move beyond AI-generated recommendations towards AI that can securely support and execute real-world operations, while improving responsiveness, operational efficiency and resilience

***

About Atos

Atos is the Atos Group brand dedicated to AI-powered, secure, end-to-end digital services. Atos designs, develops, and operates critical digital environments that drive performance, resilience and sovereignty, helping public and private organizations worldwide retain control over their data and infrastructures, while meeting regulatory requirements.

With more than 51,000 employees serving over 4,500 clients across 54 countries, Atos helps modernize core IT systems, accelerate cloud and data transformation, strengthen cybersecurity, and deliver secure digital workplace environments to support its clients, its employees and society. Atos also provides consulting and advisory services through its Atos Amplify brand.

A trusted partner in operating complex and mission-critical environments, Atos supports organizations across highly regulated and sovereign contexts.

About Atos Group

Atos Group is a global leader in digital transformation with c. 53,000 employees and annual revenue of c. €7.2 billion, operating in 54 countries under two brands – Atos for services and Eviden for products and systems. European number one in cybersecurity and a leader in cloud, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos Group is listed on Euronext Paris. 

Press contact

Laurent Massicot – laurent.massicot@atosgroup.com

Attachment

• Global PR – Atos positioned as a leader in ISG Provider Lens 2026 for Agentic AI Services

Press Release no. 08/2026

cBrain to deliver F2 for international tax compliance in Turks and Caicos Islands

Copenhagen, November 3, 2026

cBrain^® (NASDAQ: CBRAIN) has entered into an agreement with the Government of the Turks and Caicos Islands (TCI) to deliver an F2-based digital platform supporting international tax reporting and information exchange in accordance with OECD standards and U.S. requirements.

Rather than developing a new IT system, cBrain will deliver its existing F2 commercial off-the-shelf (COTS) software platform, configured to support TCI’s administrative processes and regulatory obligations.

The agreement demonstrates the global applicability and functional breadth of F2, while supporting cBrain’s strategy of expanding internationally through the reuse of standard software.

Supporting international tax transparency and compliance
The new platform will support the Financial Transactions Information Exchange (FTIE) Unit, which oversees TCI’s international tax reporting and information exchange obligations.

These include the OECD Common Reporting Standard (CRS), the U.S. Foreign Account Tax Compliance Act (FATCA), Exchange of Information on Request (EOIR), Economic Substance (ES), and Country-by-Country Reporting (CbCR).

The objective is to establish a secure digital platform supporting the administration, processing and exchange of tax-related information with international partner jurisdictions.

Such systems play an important role in enabling governments to meet international transparency requirements, strengthen regulatory compliance and support cooperation between tax authorities.

Building on proven F2 solutions in the United Arab Emirates
The TCI agreement builds on cBrain’s previous experience delivering F2-based tax compliance solutions to the Ministry of Finance in the United Arab Emirates.

These include solutions supporting Economic Substance Regulations (ESR) and OECD-related reporting requirements, including Country-by-Country Reporting (CbCR). Today the ESR solution is used in the United Arab Emirates by more than 35,000 companies and 300 government employees and auditors.

Building on this experience, cBrain is now bringing its proven software platform and implementation expertise to the Turks and Caicos Islands.

The agreement illustrates how standard software and experience developed for one government can be reused internationally, while adapting the platform to the specific legal, organizational and administrative requirements of another jurisdiction.

Demonstrating the global scalability of standard government software
Government organizations worldwide face similar challenges in digitizing public administration. Although legislation and administrative procedures differ across jurisdictions, many underlying requirements are fundamentally the same.

These include case management, document management, workflow automation, secure information exchange, compliance controls and audit trails.

Traditionally, such requirements have often been addressed through custom-built IT systems, involving complex development projects, high costs and long implementation timelines.
cBrain offers a different approach.

The F2 platform brings together core government functionality in one integrated standard software product. Using F2 ServiceBuilder, the platform can be configured to meet specific government requirements without modifying the underlying software.

This enables governments to benefit from proven software functionality and continuous product upgrades, while reducing the complexity, costs and risks traditionally associated with custom development.

For cBrain, international reuse of standard software is central to its growth strategy. By configuring and deploying the same F2 platform across multiple customers and countries, cBrain aims to expand its international business without the costs and complexity of developing and maintaining separate software products for each market.

The TCI agreement demonstrates both the breadth of the F2 platform and the potential to scale cBrain’s international business through standard software rather than custom-built solutions.

About cBrain
cBrain^® (NASDAQ: CBRAIN) is pioneering a new generation of integrated enterprise software, built specifically for government.

The cBrain F2^® software brings together case management, document management, workflow automation, digital services and artificial intelligence in one unified platform. Delivered as commercial off-the-shelf (COTS) software, F2 enables government organizations to accelerate digital transformation without the complexity and cost of traditional custom-built IT systems.

F2 is used by more than 75 public authorities in Denmark, including the Danish government ministries, providing a proven foundation for international expansion.

Building on Denmark’s position as a global leader in digital government, cBrain is bringing the Danish model of digital government to the world. Today, F2 is used by government organizations across five continents, demonstrating how the Danish model can be reused and scaled internationally through standard software.

Best regards

Per Tejs Knudsen, CEO

Inquiries regarding this Press Release may be directed to 

Lars Møller Christiansen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 24429300

Attachment

• Press Release no. 2026-08 (Turks and Caicos Islands)

FORT WORTH, Texas, Nov. 03, 2026 (GLOBE NEWSWIRE) — CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended September 30, 2026. Revenues for the quarter were $267 million, an increase from $240 million in the September quarter of 2025. Earnings per share for the quarter were $0.67, compared to $0.54 in the same quarter of the prior year. Revenues for the six months ended September 30, 2026 were $527 million, an increase from $474 million for the six months ended September 30, 2025. Earnings per share for the six months ended September 30, 2026 were $1.31, compared to $1.06 during the six months ended September 30, 2025.

Second Quarter Fiscal Year 2027 Highlights 

• Revenue increased 11% to $267 million, compared to the second quarter of fiscal year 2026.
• Gross profit increased 24% to $72.3 million, at a 27% gross margin, compared to the second quarter of fiscal year 2026 gross profit of $58.2 million.
• Diluted earnings per share increased 24% to $0.67, compared to second quarter of fiscal year 2026 diluted earnings per share of $0.54.
• The Company exited the quarter with $270 million of cash, cash equivalents, and no borrowings.
• The Company repurchased $18.1 million of common stock during the quarter.

CorVel generated strong momentum in its workers’ compensation and liability businesses through new customer wins and deeper relationships with existing clients. As employers and insurers face greater claim complexity, rising medical costs, and increasing administrative demands, the Company’s integrated claims management and managed care model brings together clinical expertise, technology, and cost containment solutions to improve patient outcomes and manage total claim costs.

Technology innovation remains central to CorVel’s efforts to modernize claims administration and increase operational capacity. The integration of artificial intelligence into core claims workflows is reducing manual processes and providing adjusters with more timely, actionable information. Recent developments within Care^MC and My Care, a digital self-service portal, are improving communication and access to claim information. Within Network Solutions, the introduction of Marketwise Repricing^TM provides a more sophisticated approach to out-of-network medical repricing, while investments in pharmacy benefits management strengthen pricing, network access, and clinical oversight.

CERIS gained further traction among the nation’s largest healthcare payers with the implementation of an additional Top 10 national health plan and a strategic partnership providing access to the Blue Cross Blue Shield market. Product development efforts include new Hospital Bill Audit and Professional Claims solutions, extending the scope of CERIS’ prepayment services to address complex reimbursement challenges. Together, these initiatives position CERIS to deepen customer relationships, reach new markets, and deliver greater value to health plans seeking improved payment accuracy and control over healthcare expenditures.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, improved payment accuracy and reducing costs, improving program performance and achieving better outcomes with operational expertise combined with advanced technology.  These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement.  The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026, and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

CorVel Corporation
Quarterly Results – Income Statement
Quarters and Six Months Ended September 30, 2026 (unaudited) and September 30, 2025 (unaudited)

Quarter Ended		September 30, 2026				September 30, 2025
Revenues		$	267,129,000			$	239,643,000
Cost of revenues			194,830,000				181,466,000
Gross profit			72,299,000				58,177,000
General and administrative			26,454,000				22,277,000
Income from operations			45,845,000				35,900,000
Income tax provision			11,758,000				7,994,000
Net income		$	34,087,000			$	27,906,000
Earnings Per Share:
Basic		$	0.67			$	0.54
Diluted		$	0.67			$	0.54
Weighted Shares
Basic			50,545,000				51,314,000
Diluted			50,690,000				51,723,000

Six Months Ended		September 30, 2026				September 30, 2025
Revenues		$	527,054,000			$	474,354,000
Cost of revenues			386,961,000				359,552,000
Gross profit			140,093,000				114,802,000
General and administrative			50,907,000				43,619,000
Income from operations			89,186,000				71,183,000
Income tax provision			22,874,000				16,042,000
Net income		$	66,312,000			$	55,141,000
Earnings Per Share:
Basic		$	1.31			$	1.07
Diluted		$	1.31			$	1.06
Weighted Shares
Basic			50,675,000				51,333,000
Diluted			50,809,000				51,817,000

CorVel Corporation
Quarterly Results – Condensed Balance Sheet
September 30, 2026 (unaudited) and March 31, 2026

		September 30, 2026				March 31, 2026
Cash		$	269,988,000			$	233,072,000
Customer deposits			130,464,000				115,706,000
Accounts receivable, net			108,396,000				101,313,000
Prepaid taxes and expenses			11,860,000				12,206,000
Property, net			124,418,000				117,906,000
Goodwill and other assets			42,779,000				41,619,000
Right-of-use asset, net			25,692,000				21,146,000
Total		$	713,597,000			$	642,968,000
Accounts and taxes payable		$	23,563,000			$	24,550,000
Accrued liabilities			233,889,000				203,518,000
Long-term lease liabilities			25,643,000				20,687,000
Paid-in capital			279,042,000				268,518,000
Treasury stock			(928,281,000	)			(887,716,000	)
Retained earnings			1,079,741,000				1,013,429,000
Total		$	713,597,000			$	642,986,000

Contact: Melissa Storan

Phone: 949-851-1473

www.corvel.com

CALGARY, Alberta, Nov. 03, 2026 (GLOBE NEWSWIRE) —

TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the third quarter ended September 30, 2026.

“TransAlta delivered strong third quarter results driven by high fleet availability, disciplined asset optimization, benefits of our environmental credit portfolio and contributions across our diversified fleet,” said Joel Hunter, President and Chief Executive Officer of TransAlta. “Our Alberta portfolio continued to generate realized prices well above spot prices due to our optimization and hedging programs. With our strong year to date performance, we are confident in achieving our 2026 Outlook range,” added Mr. Hunter.

“I am also very pleased with the continued execution of our strategic priorities. In October, we completed the acquisition of the Colorado gas assets, providing immediate, stable cash flow, and monetized a minority interest in our Oklahoma wind portfolio, strengthening our balance sheet and ability to pursue accretive growth opportunities. We are also advancing the Centralia conversion along with the Keephills data centre project, now known as the Boreal Technology Hub. We recently participated in a community open house with our Boreal partners and continue to progress a solution to deploy our underutilized generation to support both reliability needs and data centre load in the province. Separate to this meaningful progress, we will be temporarily mothballing our Battle River units, while also extending the mothball outage of Sundance 6. The facilities continue to hold significant value, and this action ensures we are optimizing our fleet while preserving the units for future economic benefit as data centre opportunities continue to progress,” added Mr. Hunter.

“As power demand continues to increase, I believe TransAlta is uniquely positioned to leverage its diversified fleet, development capabilities and strategic infrastructure to deliver reliable power and create sustainable long-term value for shareholders,” concluded Mr. Hunter.

Third Quarter 2026 Highlights

• Operational availability of 92.6 per cent, compared to 92.7 per cent for the same period in 2025
• Adjusted EBITDA⁽²⁾ of $264 million, compared to $238 million for the same period in 2025
• Free cash flow (FCF)⁽²⁾ of $93 million, or $0.29 per share, compared to $105 million, or $0.35 per share, for the same period in 2025
• Adjusted earnings before income taxes⁽²⁾ of $91 million, compared to $17 million, for the same period in 2025
• Funds from operations⁽²⁾ of $146 million, or $0.46 per share, compared to $156 million, or $0.53 per share, for the same period in 2025
• Net earnings attributable to common shareholders of $63 million, or $0.20 per share, compared to a net loss of $62 million, or $(0.20) per share, for the same period in 2025

Third Quarter 2026 Operational and Financial Highlights

$ millions, unless otherwise stated	3 Months Ended Sept. 30			9 Months Ended Sept. 30
	2026	2025		2026	2025
Operational information(1)
Availability (%)	92.6	92.7		92.2	93.1
Production (GWh)	5,260	6,151		15,424	17,796
Select financial information(1)
Revenues	536	615		1,588	1,806
Adjusted EBITDA(2)	264	238		759	857
Adjusted Earnings before Income Taxes(2)	91	17		226	167
Earnings (loss) before income taxes	100	(53	)	203	(99	)
Adjusted Net Earnings (Loss) Attributable to Common Shareholders(2)	56	(8	)	128	76
Net earnings (loss) attributable to common shareholders	63	(62	)	111	(128	)
Cash flows(1)
Cash flow from operating activities	132	251		317	415
Funds from operations(2)	146	156		484	587
Free cash flow(2)	93	105		338	421
Per share(1)
Weighted average number of common shares outstanding (in millions)	316	297		305	297
Adjusted Net Earnings (Loss) Attributable to Common Shareholders per share(2)(3)(4)	0.18	(0.02	)	0.37	0.26
Net earnings (loss) per share attributable to common shareholders, basic and diluted(4)	0.20	(0.20	)	0.32	(0.43	)
Dividends declared per common share	0.07	0.065		0.14	0.13
Cash flow from operating activities per share(5)	0.42	0.85		1.04	1.40
Funds from operations per share(2)(3)	0.46	0.53		1.59	1.98
Free cash flow per share(2)(3)	0.29	0.35		1.11	1.42

Segmented Financial Performance

$ millions	3 Months Ended Sept. 30				9 Months Ended Sept. 30
	2026		2025		2026		2025
Hydro	76		73		198		246
Wind and Solar	52		45		237		236
Gas	139		110		374		342
Energy Marketing	30		17		57		64
Corporate	(28	)	(35	)	(101	)	(115	)
Energy Transition	(5	)	28		(6	)	84
Total Adjusted EBITDA(2)	264		238		759		857
Adjusted Earnings before Income Taxes(2)	91		17		226		167
Earnings (loss) before income taxes	100		(53	)	203		(99	)

1. IFRS financial statements for the nine months ended Sept. 30, 2025 include the results attributable to Poplar Hill and Rainbow Lake facilities (collectively, the Required Divestitures), which the Company divested in accordance with a consent agreement entered into with the Commissioner of Competition for Canada. Our non-IFRS measures and operational Key Performance Indicators exclude the results of the Required Divestitures.
2. These are non-IFRS measures and ratios, which are not defined and have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the “Segmented Financial Performance and Operating Results by Geographic Location” section of this news release for further discussion of these items. Also, refer to the “Non-IFRS and Supplementary Financial Measures” section of this news release for more information regarding these non-IFRS measures and ratios, including, where applicable, reconciliations to measures calculated in accordance with IFRS.
3. Adjusted net earnings (loss) attributable to common shareholders per share, funds from operations (FFO) per share and free cash flow (FCF) per share are calculated using the weighted average number of common shares outstanding during the period. Refer to the “Non-IFRS and Supplementary Financial Measures” section of this news release for more information regarding these non-‍IFRS measures and ratios.
4. Net earnings (loss) attributable to common shareholders and Adjusted net earnings (Loss) attributable to common shareholders used in calculating net earnings (loss) per share attributable to common shareholders and adjusted net earnings (loss) attributable to common shareholders per share reflect the cumulative preferred share dividend entitlement required for the current period.
5. Represents a supplementary financial measure and is calculated as Cash flow from operating activities for the period divided by the weighted average number of common shares outstanding during the period.

Significant and Subsequent Events – Third Quarter 2026

Mothballing of Battle River Units 4 and 5 and Extension of the Mothballing of Sundance 6
On Nov. 2, 2026, the Company provided notice to the Alberta Electric System Operator (AESO) that Battle River Units 4 and 5 will be mothballed effective March 1, 2027, for a period of time up to Jan. 1, 2029 and extended the mothballing of Sundance 6 for a period of time up to April 1, 2029. The Company maintains the flexibility to return the mothballed units to service when market fundamentals improve or contracting opportunities are secured. Battle River Units 4 and 5 will remain available and fully operational through to March 1, 2027.

Sale of minority interest in Oklahoma wind portfolio
On Oct. 22, 2026, the Company completed the sale of a 49 per cent minority ownership interest in its 500 MW Oklahoma wind portfolio to Ares Infrastructure funds for cash proceeds of US$305 million, before customary closing adjustments. The portfolio comprises the 100 MW White Rock West, 200 MW White Rock East and 200 MW Horizon Hill wind facilities. The Company will continue to provide operational oversight under a long-term asset management agreement.

Acquisition of Mountain Peak Power and Canyon Peak Power and associated public offering of common shares
On Oct. 22, 2026, the Company closed the acquisition of Mountain Peak Power and Canyon Peak Power, two fully contracted natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado from an indirect subsidiary of Blackstone, Inc. (the Acquisition). The purchase price for the Acquisition was US$1 billion, including the assumption of US$750 million of project debt.

On June 9, 2026, the Company closed a public offering of 18,230,000 common shares at a price of $19.20 per share through a syndicate of underwriters, for total gross proceeds of approximately $350 million, which was used to fund the cash portion of the purchase price for the Acquisition. The proceeds received in advance of the Acquisition were partially used to repay the drawn amounts under the syndicated credit facility.

Centralia Unit 2 Mandated to Remain Available for additional 90 days
On Sept. 14, 2026, the Company received another order from the U.S. Department of Energy (the Order) requiring that our 700 MW Centralia Unit 2 facility (Facility) remain available for operation for an additional period of 90 days, until Dec. 12, 2026. As previously communicated, the Company has been subject to the Order from the U.S. Department of Energy since Dec. 16, 2025. The Company continues to comply with the Order and continues to work with the federal and state governments in relation thereto. The Facility had no generation during the nine months ended Sept. 30, 2026.

Declaration of Common Share Dividend
On Oct. 27, 2026, TransAlta’s Board of Directors approved a quarterly dividend payment of $0.07 per common share payable on Jan. 1, 2027.

Conference call and webcast
TransAlta will host a conference call and webcast at 9:00 a.m. Alberta Time (10:00 a.m. EST) today, November 3, 2026, to discuss our third quarter 2026 results. The call will begin with comments from Joel Hunter, President and Chief Executive Officer and Mike Politeski, Executive Vice President, Finance & Chief Financial Officer, followed by a question and answer period.

Third Quarter 2026 Results Conference Call
Webcast link: https://edge.media-server.com/mmc/p/zj3d6q2q/

To access the conference call via telephone, please register ahead of time using the call link here: https://register-conf.media-server.com/register/BI172ec525df5e4f8ebadda859e7f69864. Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the “Call Me” option to receive an automated call directly to their phone.

If you are unable to participate in the call, the replay will be accessible at https://edge.media-server.com/mmc/p/zj3d6q2q/. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.

TransAlta is in the process of filing its unaudited interim Consolidated Financial Statements and accompanying notes, and the associated Management’s Discussion & Analysis (MD&A). These documents will be available today on the Investors section of TransAlta’s website at www.transalta.com or through SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

About TransAlta Corporation: 
TransAlta is one of Canada’s largest publicly traded power generators, delivering reliable electricity across Canada, the United States and Western Australia. For more than 100 years, our people have safely operated and evolved essential energy infrastructure that powers customers and communities. Our technology-diverse portfolio and disciplined execution allow us to deliver dependable power across evolving energy systems. We take a practical, responsible approach to meeting today’s energy needs while building for what comes next.

For more information about TransAlta, visit our website at transalta.com.

Cautionary Statement Regarding Forward-Looking Information 
This news release includes “forward-looking information,” within the meaning of applicable Canadian securities laws, and “forward-looking statements,” within the meaning of applicable United States securities laws, including the Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements”). Forward-looking statements are not facts, but only predictions and generally can be identified by the use of statements that include phrases such as “may”, “will”, “believe”, “expect”, “estimate”, “anticipate”, “intend”, “plan”, “forecast”, “continue” or other similar words. In particular, this news release contains forward-looking statements about the timing of the closing of our 2026 Outlook and advancement of the Centralia conversion and the Boreal Technology Hub.

Forward-looking statements and future-oriented financial information in this news release are intended to provide the reader information about management’s current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements are subject to important risks and uncertainties and are based on certain key assumptions. All forward-looking statements reflect TransAlta’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking statements, you should not put undue reliance on forward-looking statements and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking statements due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to our most recent MD&A, which forms part of this news release, and the 2025 Annual Report, including the section titled “Governance and Risk Management” in our MD&A for the year ended December 31, 2025, filed under TransAlta’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov

Non-IFRS and Supplementary Financial Measures
This news release contains references to the following Non-IFRS measures: Adjusted EBITDA; Free Cash Flow (FCF) (including per share); Adjusted earnings before income taxes; Adjusted net earnings attributable to common shareholders (including per share); Funds from operations (FFO) (including per share) and Non-IFRS measures do not have standardized meanings under IFRS and are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, as an alternative to, or more meaningful than, our IFRS results. We use these measures to evaluate our performance and the performance of our business segments and believe that these measures, read together with our IFRS measures, provide readers with a better understanding of how management assesses results. Presenting these measures from period to period provides management and investors with the ability to evaluate earnings trends more readily in comparison to prior periods’ results. These measures are calculated by adjusting certain IFRS measures for certain items we believe are not reflective of our ongoing operations in a period and are calculated on a consistent basis from period to period and are adjusted for specific items in each period, unless stated otherwise. Refer to the Non-IFRS and Supplementary Measures section of our most recent MD&A, which forms part of this news release, for more information about these measures including, where applicable, reconciliations to measures calculated in accordance with IFRS.

Note: All financial figures are in Canadian dollars unless otherwise indicated.

For more information:

Investor Inquiries:	Media Inquiries:
Phone: 1-800-387-3598 in Canada and U.S.	Phone: 1-855-255-9184
Email: investor_relations@transalta.com	Email: ta_media_relations@transalta.com

Tuesday, November 3, 2026

Dear Shareholders and Investors,

We are pleased to inform you that the very strong market for our ships continue. We enter into contracts at historically high level, which have not been seen earlier.

Now the price of oil goes down. This in an advantage for Nordic American. The lower the oil price, the higher oil consumption. 

In the final analysis, the most important element in tanker economics is the concept of ton mile. 

The longer distance oil is being transported, the more advantageous it is for NAT.

We expect that the exeptional market conditions will continue in the time to come. We are able to continue to pay dividend and to accumulate cash in NAT. 

For further information on Nordic American Tankers, please see www.nat.bm

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                           www.nat.bm  

 

Contacts:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171    

GRAND CAYMAN, Cayman Islands, Nov. 03, 2026 (GLOBE NEWSWIRE) — Patria Investments Limited (Nasdaq:PAX) reported today its unaudited results for the third quarter ended September 30, 2026. The full detailed presentation of Patria’s third quarter 2026 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.

“Our third quarter results demonstrate the strength and resilience of Patria’s increasingly diversified platform. We raised $2.4 billion in the quarter and $6.9 billion year to date, effectively reaching our full-year fundraising target one quarter ahead of schedule, and we are on track for another record year.” said Alex Saigh, Chief Executive Officer at Patria.

“Our differentiated investment performance, with over 85% of our Fee-Earning AuM, excluding SMAs and third-party managed funds, in funds at or above their benchmarks since inception, and our ability to design tailored solutions for the world’s leading institutional investors are driving this momentum. With Fee-Related Earnings per share up 16% year to date and $4.8 billion in pending Fee-Earning AuM, we are confident in delivering on our 2026 guidance and in our path toward our 2027 targets.”

Financial Highlights (reported in $ USD)

IFRS results included $7.2 million of net income attributable to Patria in Q3 2026. Patria generated Fee Related Earnings of $52.8 million in Q3 2026, up 7% from $49.5 million in Q3 2025, with an FRE margin of 53.7%. Distributable Earnings were $46.9 million for Q3 2026, or $0.30 per share.

Dividends

Patria declared a quarterly dividend of $0.1625 per share to record holders of common stock at the close of business on November 13^th, 2026. This dividend will be paid on December 11^th, 2026.

Conference Call

Patria will host its third quarter 2026 earnings conference call via public webcast on November 3^rd, 2026, at 9:00 a.m. ET. To register and join, please use the following link:

https://edge.media-server.com/mmc/p/m9aemh23/lan/en/

For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion.

About Patria

Patria is a global alternative asset management firm focused on the mid-market segment, specializing in resilient sectors across select regions. We are a leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With over 37 years of experience and more than $62 billion in assets under management, we believe we consistently deliver attractive returns through long-term investments, while promoting inclusive and sustainable development in the regions where we operate. Further information is available at www.patria.com.

Asset Classes: Infrastructure, Credit, Real Estate, Private Equity, Solutions (GPMS), and Public Equities

Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportation, Food & Beverage and Digital & Tech Services

Investment Regions: Latin America, Europe and the U.S.

Forward-Looking Statements

This press release may contain 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. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words, among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including but not limited to those described under the section entitled “Risk Factors” in our most recent annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings.

Contact

Patria Shareholder Relations
E. PatriaShareholderRelations@patria.com

Media – Burson
E. patria@hillandknowlton.com / T. +44 20 7113 3468

VANCOUVER, British Columbia, Nov. 03, 2026 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the appointment of Mr. Craig Dudra to its Board of Directors, effective December 1, 2026.

Mr. Dudra brings more than 30 years of capital markets and leadership experience to Liberty Gold. He previously served as Managing Director and Regional Head of British Columbia at RBC Capital Markets, spanning mergers and acquisitions, equity financings and debt capital markets. During his career, Mr. Dudra has led the origination and execution of multiple major transactions, including initial public offerings, bought-deal equity financings, investment-grade and high-yield debt offerings and M&A transactions. He is a Chartered Accountant and CFA charter holder and currently serves as on the board of Positive Materials Inc. as an independent director.

Greg Etter, Chair of the Board of Liberty Gold, commented, “We welcome Craig to Liberty Gold’s Board of Directors. His appointment reflects our commitment to building a new mid-tier precious metals mining company, with Black Pine as our foundational asset. Craig’s extensive capital markets and transaction experience will strengthen significantly our oversight of financing strategy and capital allocation as we advance Black Pine toward a construction decision. Craig’s expertise complements the Board’s technical, operating and permitting experience and supports our focus on disciplined development and execution, creating long-term shareholder value.”

Craig Dudra added, “Black Pine offers a compelling opportunity to advance a significant U.S. gold project through its next stage of development. I look forward to working with Liberty Gold’s Board of Directors and the management team, contributing my capital markets experience as the Company evaluates funding alternatives and advances the Black Pine with a focus on long-term value creation for shareholders.”

ABOUT LIBERTY GOLD

Liberty Gold is a U.S.-focused gold company advancing Black Pine, its 100% owned oxide gold project in Idaho, located within the Great Basin, one of the world’s most productive and mining-friendly gold regions. Black Pine is a large-scale, past-producing, run-of-mine heap leachable gold deposit advancing through permitting toward a potential construction decision. The Company’s strategy is centered on advancing high-quality, long-life gold assets, with a clear focus on technical simplicity, strong environmental performance, project executability, collaborative permitting processes, and value creation. This reflects Liberty Gold’s commitment to the discipline of delivery. The Company is led by an experienced team with a track record of discovery, development, and delivering sustained long-term value.

For more information, visit libertygold.ca or contact:

Susie Bell, Vice President, Investor Relations and Corporate Communications
Phone: 604-632-4677 or Toll Free 1-877-632-4677
info@libertygold.ca

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements or information concerning future financial or operating performance of Liberty Gold and its business, operations, properties and condition; planned de-risking activities at Liberty Gold’s mineral properties; federal and state permitting timelines; the advancement of the Black Pine Project through feasibility and permitting; future updates to mineral resources; the potential quantity, recoverability and/or grade of minerals; the potential size of a mineralized zone or potential expansion of mineralization; proposed exploration and development of Liberty Gold’s mineral property interests; future water rights acquisitions; the results of mineral resource estimates, mineral reserve estimates, preliminary feasibility studies or feasibility studies; and the Company’s anticipated expenditures.

Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “goal” and similar expressions, or variations of such words and phrases, or statements that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management as of the date the statements are made, including, among others, assumptions regarding future prices of gold and other metals, currency exchange rates and interest rates, favourable operating conditions, political stability, timely receipt of governmental, regulatory and stock exchange approvals, completion of the issuance of common shares to Centerra Gold Inc. pursuant to its top-up right on the terms described herein, receipt of financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, results or timing of any mineral resources, mineral reserves, baseline studies, resource conversion, pre-feasibility studies or feasibility studies, the availability of drill rigs, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.

Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from any future results expressed or implied by such forward-looking information, including risks related to the interpretation of results and/or reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; state and federal permitting processes; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; the timing or results of the publication of any mineral resources, mineral reserves or feasibility studies; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental, regulatory or stock exchange approvals, financing, or completing the issuance of common shares to Centerra Gold Inc. pursuant to its top-up right; timing of the completion of exploration; and those factors discussed in the Annual Information Form of the Company dated March 25, 2026, in the section entitled “Risk Factors”, under Liberty Gold’s SEDAR+ profile at www.sedarplus.ca.

Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except for material differences between actual results and previously disclosed material forward-looking information, or as otherwise required by law.

Except for statements of historical fact, information contained herein or incorporated by reference herein constitutes forward-looking statements and forward-looking information. Readers should not place undue reliance on forward-looking information. All forward-looking statements and forward-looking information attributable to Liberty Gold are expressly qualified by these cautionary statements.