Mr. Ken Zinger reports

CES ENERGY SOLUTIONS CORP. ANNOUNCES AMENDMENT AND EXTENSION TO ITS INCREASED CREDIT FACILITY

CES Energy Solutions Corp. has entered into an amended and restated credit agreement dated April 28, 2025, with respect to its syndicated and operating credit facilities. Led by Bank of Nova Scotia as agent and a syndicate including Toronto-Dominion Bank, ATB Financial, Bank of Montreal, Wells Fargo Bank, Royal Bank of Canada, Canadian Imperial Bank of Commerce, National Bank and Business Development Bank of Canada, the total size of the increased credit facility is approximately Canadian-dollar-equivalent $550.0-million. The credit facility, which matures on Nov. 24, 2028, is secured by substantially all of the company's assets, and includes customary terms, conditions and covenants.

"The upsized credit facility and improved terms are consistent with the increased size, scale and credit profile of CES. The new credit facility provides ample liquidity, optionality on return of capital opportunities, and flexibility to repay and refinance the senior notes on our own schedule, on suitable terms, over the coming years. We thank syndicate members for their strong participation in our upsized credit facility and for their ongoing partnership," said Anthony Aulicino, executive vice-president and chief financial officer.

Highlights of the amended and restated credit agreement:

• Total facility size increased by $100.0-million, for an aggregate credit facility of approximately Canadian-dollar-equivalent $550.0-million, to maintain flexibility to repay the company's senior notes;
• Upsized Canadian facility of $400.0-million, composed of a $380.0-million syndicated revolving facility and a $20.0-million operating facility;
• U.S. facility of $110.0-million (U.S.), composed of a $100.0-million (U.S.) syndicated revolving facility and a $10.0-million (U.S.) operating facility;
• Accordion feature of Canadian-dollar-equivalent $200.0-million, with the option to exercise on available capacity under either the Canadian or U.S. facility.

A redacted copy of the amended and restated credit agreement will be available on CES's SEDAR+ profile in accordance with National Instrument 51-102 (Continuous Disclosure Obligations) as adopted by the Canadian securities regulatory authorities.

About CES Energy Solutions Corp.

CES is a leading provider of technically advanced consumable chemical solutions throughout the life cycle of the oil field. This includes solutions at the drill bit, at the point of completion and stimulation, at the wellhead and pumpjack, and finally through to the pipeline and mid-stream market. CES's business model is relatively asset light and requires limited reinvestment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.