Mr. Fabien Sevestre reports

FORACO ANNOUNCES ELECTION OF DIRECTORS

Foraco International SA, in accordance with Toronto Stock Exchange requirements, has released the voting results at the ordinary and extraordinary general meeting of shareholders of the company, held on April 17, 2025, in Lunel, France.

In accordance with French law, shareholders of the company, when voting in elections for directors, are given the option to vote for or against/abstain for the director nominees, meaning that it is not possible for nominees for directors to receive a majority of withhold votes and retain their position as directors of the company. The director nominees, as listed in the company's management proxy circular dated March 14, 2025, for the meeting, were elected as directors of the company at the meeting. The votes submitted for each director are detailed in the attached tables.

In addition, the meeting voted 99.96 per cent in favour of the company declaring a nil dividend for the 2024 fiscal year.

The company's statutory filings, including its complete report of voting results from the meeting, are available on SEDAR+.

About Foraco International SA

Foraco is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third-largest global drilling enterprise with a presence in 17 countries across five continents.