Mr. Dan Sutton reports

SYNTHOLENE ENERGY ANNOUNCES DTC ELIGIBILITY AND PROVIDES UPDATE REGARDING INVESTOR RELATIONS ACTIVITY

Syntholene Energy Corp. has received approval from the Depository Trust Company (DTC) for electronic clearing and settlement of its common shares in the United States.

DTC eligibility enables Syntholene's shares to be deposited through DTC by U.S. investors, facilitating more efficient settlement processes and enhancing accessibility for a broader base of institutional and retail investors. The company expects this development to enhance liquidity and streamline trading of its common shares on the OTCQB market.

Dan Sutton, chief executive officer of Syntholene, commented: "DTC eligibility represents reduced friction and strengthening of the company's capital markets infrastructure as we expand engagement with U.S. investors. This milestone supports improved market accessibility and positions Syntholene to broaden its shareholder base as we advance the construction of our demonstration facility in Iceland and other development initiatives."

The company's common shares, trading under the ticker symbol SYNTF on the OTCQB Venture Market, are now eligible to be electronically cleared and settled through DTC. The company's common shares will continue to trade on the TSX Venture Exchange under the symbol ESAF and the Frankfurt Stock Exchange under the symbol 3DD0.

Engagement of The Armchair Trader Ltd.

The company has engaged Armchair Trader, an independent third party marketing firm based in London, United Kingdom, to provide investor awareness services.

Under a services agreement dated April 23, 2026, the company has agreed to pay Armchair Trader $7,995 (U.S.) for a six-month campaign involving the production of editorial content, media distribution and digital promotion across third party platforms.

Armchair Trader operates independently. To the knowledge of the company, Armchair Trader and its principals do not currently own any securities of the company, nor do they have any right to acquire such securities, except as may occur in the ordinary course of business. Armchair Trader will not act as a broker dealer and will not receive any compensation for introducing investors to the company.

The company acknowledges that certain activities to be undertaken by Armchair Trader, including distribution and public dissemination of corporate information, may be considered promotional in nature under applicable securities policies and may result in increased visibility of the company's securities. The company's agreement with Armchair Trader does not include any provisions that would require or incentivize Armchair Trader to achieve or maintain a specific share price or trading volume.

The engagement of Armchair Trader remains subject to the acceptance of the TSX-V, and services will not commence until such acceptance has been obtained.

Conclusion of issuer trading services engagement

Syntholene further announces that it has concluded its issuer trading services engagement with Generation IACP Inc. (GIACP) and has elected not to renew the agreement.

The engagement, originally entered into on Nov. 20, 2025, was structured on a non-exclusive basis and was intended to support trading liquidity in the company's common shares through the provision of issuer trading services, in accordance with applicable securities laws and exchange policies.

The company's engagement with GIACP expired in accordance with its terms. There are no penalties or termination payments associated with the conclusion of the engagement beyond customary final invoicing.

Syntholene will continue to assess capital markets strategies, including liquidity support and investor engagement initiatives, as part of its broader objective to maintain an orderly market for its securities.

About Syntholene Energy Corp.

Syntholene is actively commercializing its novel hybrid thermal production system for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, which the company seeks to manufacture at 70 per cent lower cost than the nearest competing technology today. The company's mission is to deliver the world's first truly high-performance, low-cost and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral e-fuels across global markets.

We seek Safe Harbor.