Mr. Richard Penn reports

FIRST ATLAS RESOURCES CORP. ANNOUNCES AGM RESULTS AND UPDATED OMNIBUS EQUITY PLAN

The shareholders of First Atlas Resources Corp. approved all matters put forth for approval at the annual meeting held on April 15, 2026.

The shareholders re-elected Richard Penn, Krystal Pineo, Kwaku Ashong and Matheiu Piche to the board of directors and reappointed Manning Elliott LLP to be the auditor of the company.

The shareholders also approved the company's 2026 omnibus equity incentive plan. This plan is designed to enhance the company's ability to attract, retain and motivate qualified directors, officers, employees and consultants while aligning their interests with those of shareholders. The omnibus equity incentive plan provides a flexible and comprehensive framework for granting equity-based awards, including stock options, restricted share units (RSUs), performance share units (PSUs) and deferred share units (DSUs). The plan aims to reward eligible participants for their contributions to the company's success and to encourage long-term investment in the company's shares.

The plan reserves up to 20 per cent of the company's total issued and outstanding shares for awards under the plan, adhering to the evergreen structure. Shares subject to expired or terminated awards will become available for future grants.

Awards under the plan are subject to a range of vesting schedules and performance criteria as determined by the company's board of directors or its delegate.

Specific limits ensure compliance with regulatory standards, including restrictions on grants to insiders, consultants and those engaged in investor relations activities.

We seek Safe Harbor.