Mr. Adi Olesker reports

BEYOND OIL PROVIDES FURTHER UPDATE ON CONTINUANCE FROM THE PROVINCE OF BRITISH COLUMBIA TO THE PROVINCE OF ONTARIO

Beyond Oil Ltd. has provided an update, following the news release dated March 13, 2026, on its continuance from the Business Corporations Act (British Columbia) to the Business Corporations Act (Ontario).

The company's shareholders overwhelmingly approved the continuance at its shareholder meeting held on March 12, 2026. Immediately following shareholder approval, Beyond Oil commenced the administrative steps required to complete the continuance, including filings with the British Columbia Registry Services. Due to recent labour disruptions affecting certain public employees in British Columbia, the registry has experienced processing delays and has not yet issued the documentation required to complete the continuance prior to the filing deadline for the company's annual materials (as defined below) of March 31, 2026. The company's auditor has advised that it will not provide its required consent to the filing of the annual materials until completion of the continuance.

Given the above, the company anticipates the filing of its audited annual financial statements, management's discussion and analysis, annual information form, and related officer certificates for the financial year ended Dec. 31, 2025, under parts 4 and 5 of National Instrument 51-102 (Continuous Disclosure Obligations) and pursuant to National Instrument 52-109 (Certification of Disclosure in Issuer's Annual and Interim Filings) may be delayed beyond the required filing deadline.

The company continues to be actively engaged with the registry to obtain the outstanding documentation required to complete the continuance, and expects to file the annual materials as soon as possible upon completion of the continuance and, in any event, no later than April 16, 2026.

The company is providing this default announcement in accordance with National Policy 12-203 (Management Cease Trade Orders). The company has made an application to the B.C. Securities Commission, as principal regulator of the company, for a management cease trade order under NP 12-203 in respect of the anticipated default regarding the filings of the annual materials. The granting of the MCTO is at the discretion of the BCSC. The MCTO, if approved, will prohibit the company's chief executive officer and chief financial officer from trading in securities of the company for so long as the annual materials are not filed. During this period, the company has undertaken not to, directly or indirectly, issue or acquire securities to or from any insider or employee of the company.

The MCTO does not affect the ability of any shareholders who are not insiders of the company to trade their securities of the company.

The company intends to follow the provisions of the alternative information guidelines set out in NP 12-203, including the issuance of biweekly default status reports by way of news releases for as long as the company remains in default, which will be filed on Beyond Oil's SEDAR+ profile. The company will issue a news release announcing completion of filing of the annual materials at such time as they are completed and filed.

About Beyond Oil Ltd.

Beyond Oil is a foodtech innovation company dedicated to creating solutions that mitigate health risks, reduce costs for food service companies and improve sustainability. The company's patented technology, with regulatory clearances from the Food and Drug Administration and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil's solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants and institutions such as schools and military facilities. Beyond Oil's product is backed by extensive research which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil provides an effective means to mitigate these risks while offering additional benefits such as improved food quality, operational cost savings and reduced environmental impact.

We seek Safe Harbor.