Mr. Fabien Sevestre reports

FORACO ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted for filing Foraco International SA's notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and/or through alternative trading systems. In connection with the NCIB, the company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its common shares.

Pursuant to the NCIB, Foraco may purchase up to one million of its common shares, representing approximately 1 per cent of the total 99,251,798 shares of the company issued and outstanding as at Sept. 3, 2025. Purchases will be made at prevailing market prices commencing Sept. 15, 2025, and ending Sept. 14, 2026. Pursuant to TSX policies, daily purchases will not exceed 20,517 common shares, other than block purchase exceptions.

In the previous NCIB that commenced Oct. 1, 2024, Foraco sought and obtained approval from the TSX to purchase one million of its common shares. Foraco's prior NCIB would have expired on Sept. 30, 2025. With the approval of the TSX, the prior NCIB will terminate at the close of trading on Sept. 12, 2025. The company has purchased 956,100 shares from Oct. 1, 2024, to Aug. 31, 2025, and the average weighted price of the shares purchased was $2.04. The securities were repurchased through the TSX and through alternative trading systems. The average daily trading volume for the six-month period ended Aug. 31, 2025, was 82,069 shares.

The company has engaged Desjardins Capital Markets to act as its designated broker to purchase shares in connection with the NCIB . During the term of the Desjardins engagement, the company will not communicate any material undisclosed information to the trading staff at Desjardins, and, accordingly, Desjardins may make purchases regardless of whether a blackout period is in effect or whether there is material undisclosed information about the company at the time purchases are made.

The company intends to hold the shares until the same are required to be transferred to employees to satisfy the company's obligations in respect of grants made by Foraco to its employees under the company's free share plans.

A copy of the company's notice filed with the TSX may be obtained, by any shareholder without charge, by contacting Foraco's chief financial officer, Fabien Sevestre.

About Foraco International SA

Foraco International is a leading global mineral drilling service 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 16 countries across five continents.

We seek Safe Harbor.