Mr. Mike Irmen reports

IRONMAN ANTICIPATES DELAY IN FILING Q1 INTERIM FINANCIAL STATEMENTS

Ironman International Ltd. will likely miss its filing deadline of April 29, 2026, to file interim financial statements, accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the period ended Feb. 28, 2026, as required under applicable Canadian securities laws.

In connection with the company's inability to file the first quarter filings on time, the company has applied for a management cease trade order under National Policy 12-203 (Management Cease Trade Orders) and is waiting for the decision of the B.C. Securities Commission with respect to its application.

The company is applying for an MCTO as a result of: (i) the short time frame between the Q1 filing deadline and the filing of the company's annual financial statements and accompanying management's discussion and analysis for the financial year ended Nov. 30, 2025, which were filed on April 13, 2026; (ii) a change in accounting operating systems; and (iii) a recent change in accounting personnel.

The company expects to file the Q1 filings on or about May 15, 2026, but in any event as soon as they are available. The company will issue a news release once the Q1 filings have been filed. Until the company files the Q1 filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the company to issue biweekly default status reports, in the form of news releases, for so long as the Q1 filings have not been filed.

During the MCTO, the general investing public will continue to be able to trade in the company's common shares listed on the TSX Venture Exchange. However, the company's chief executive officer, chief financial officer, and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade in the company's common shares, nor will the company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the company except in accordance with legally binding obligations to do so existing as of April 29, 2026, being the date of the company's anticipated continuous disclosure default.

The company is not subject to any insolvency proceedings. If the company provides any information to any of its creditors during the period in which it is in default of filing the Q1 filings, the company confirms that it will also file material change reports on the company's profile on SEDAR+ containing such information.

About Ironman International Ltd.

Established in 1999, Ironman is a leading North American provider of horizontal directional drilling and trenchless infrastructure services, operating 24-seven to support residential, commercial, industrial and utility clients. The company specializes in delivering cost-effective, low-impact underground installation solutions across a broad range of applications, including telecommunications, electrical, water and sewer, oil and gas, geothermal, and irrigation systems. With a modern fleet of specialized equipment and an experienced technical team, Ironman is capable of executing complex projects across diverse and challenging environments, including lakes, rivers, coastal and nearshore marine installations, rail corridors, roadways, and highways. The company also provides complementary services designed to enhance efficiency, maintain safety standards and ensure projects are completed on time and on budget. The common shares of Ironman are listed on the TSX Venture Exchange and trade under the symbol IMI, and trade on the OTCQB Venture Market under the symbol IMITF.

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