File: Attachment 260508 News Release Grants.pdf

First Atlas Resources Corp. Announces Grant of Options and RSUs.

May 8, 2026 Vancouver, British Columbia. First Atlas Resources Corp. (the "Company") (CSE: HHE) (Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce. subject to CSE approval, the grant of 3,800,000 Restricted Share Units ("RSUs") to management and consultants to the Company. These RSUs will vest quarterly in 25% increments from the date of grant with the first vesting date being August 8, 2026. RSUs are subject to a four-month Exchange Hold Period from the date of grant.

The Company also announces, subject to CSE approval, that it has granted 5,000,000 options to consultants and management of the Company. The options are exercisable at a price of $0.08 for a period of two years. The options are subject to a four-month Exchange hold period form the date of grant.

Insider awards are as follows:

- Richard Penn, CEO 1,000,000 RSUs and 2,000,000 options; - Krystal Pineo Director 100,000 RSUs and 200,000 options; - Kwaku Ashong Director 100,000 RSUs and 200,000 options; and - Mathieu Piche, Director 100,000 RSUs and 200,000 options;

On behalf of the Board of Directors

Richard Penn CEO (778) 384-8923

Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.