Mr. Kursat Kacira reports

ALTAI ANNOUNCES SALE OF CESSFORD OIL WELLS PROPERTY

Altai Resources Inc. has sold its ownership of a 50-per-cent working interest in the oil wells property located in Cessford, Alta., comprising four oil wells, to the owner of the other 50-per-cent working interest, and the property's operator, Canadian Natural Resources Ltd. (CNRL), for a net liability settlement of $50,674, which comprises the sale of the asset portion and the settlement of the liability portion. The net liability settlement has been paid for by an interbank cash transfer from the company to CNRL. The net liability settlement represents a gain of $111,728 (or approximately 69 per cent) over the company's decommissioning liability, net of the carrying value of the asset, for the Cessford oil wells property, as reported in the company's most recent interim consolidated financial statements for the period ended June 30, 2025.

About Altai Resources Inc.

Altai Resources is a resource company based in Toronto, Ont., with a Canadian investment portfolio comprising cash and cash equivalents.