Mr. Michael Irmen reports

IRONMAN PROVIDES UPDATE ON 2026 Q1 FILINGS AND ANNOUNCES ADOPTION OF ADVANCE NOTICE POLICY

Ironman International Ltd.'s application for a management cease trade order (MCTO) under National Policy 12-203, Management Cease Trade Orders, as previously announced in a news release dated April 29, 2026, has been accepted by the British Columbia Securities Commission (BCSC). The MCTO was issued by the BCSC, effective as of April 30, 2026, in connection with the delay by the company in filing its interim financial statements, the accompanying management's discussion and analysis, and the related chief executive officer and chief financial officer certificates for the period ended Feb. 28, 2026. The delay is due to: (i) the short time frame between the deadline for the Q1 (first quarter) filings of April 29, 2026, 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 as soon as they are available and by no later than May 15, 2026. 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, including the issuance of biweekly default status reports in the form of news releases.

The company confirms as of the date of this news release that there has been no material change in the information contained in the company's news release issued April 29, 2026, and there is no other material information concerning the affairs of the company that has not been generally disclosed.

Advance notice policy

The company also announces that the board of directors of the company approved an advance notice policy on April 30, 2026, with effect as of such date.

The advance notice policy includes, among other things, a provision that requires advance notice be given to the company in circumstances where nominations of persons for election to the board are made by shareholders of the company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (BCBCA); or (ii) a shareholder proposal made pursuant to the provisions of the BCBCA.

Additionally, the advance notice policy sets a deadline by which holders of record of common shares of the company must submit director nominations to the company prior to any annual general or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to the company, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.

In the case of an annual general meeting of shareholders, notice to the company must be made not less than 30 days prior to the date of the annual general meeting. However, in the event that the annual general meeting is to be held on a date that is less than 50 days after the date on which the first public announcement (as defined in the advance notice policy) of the date of the annual general meeting was made, notice may be made not later than the close of business on the 10th day following the notice date.

In the case of a special meeting of shareholders (which is not also an annual general meeting), notice to the company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

Notwithstanding the foregoing, the board may, in its discretion, waive any requirement set out in the advance notice policy.

The company will seek shareholder approval and ratification of the advance notice policy at the company's next annual general meeting of shareholders. If the company's shareholders do not approve and ratify the advance notice policy by ordinary resolution at the meeting, the advance notice policy shall, from and after the date of the meeting, cease to be of any force and effect.

The full text of the advance notice policy is available under the company's profile on SEDAR+.

About Ironman International Ltd.

Established in 1999, Ironman International is a leading North American provider of horizontal directional drilling and trenchless infrastructure services, operating 24/7 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 near-shore 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 International 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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