Mr. Michael Irmen reports

IRONMAN ANNOUNCES LEASE AGREEMENT

1097195 B.C. Ltd., Ironman International Ltd.'s wholly owned subsidiary, has entered into a new lease agreement dated as of the date hereof with MDM Farms, an entity owned and controlled by Mike Irmen and Denise Irmen, pursuant to which 109 will lease premises located at 7284B Highway 97B, Salmon Arm, B.C., V1E 2Y6, from MDM Farms for $10,500 per month, plus applicable GST. The lease agreement has a term ending on Dec. 31, 2027, with the option to renew for an additional two years. 109 will sublease the premises to Ironman Directional Drilling Ltd., a wholly owned subsidiary of the company. 109 has made an upfront payment to MDM Farms in the amount of $52,500, representing the lease fee owing from March 1, 2026, to the date hereof.

The premises were previously leased by IDD pursuant to a lease agreement dated Dec. 1, 2023. IDD and MDM Farms have entered into a termination agreement dated as of the date hereof, and have agreed that $36,000 in extra payments made pursuant to the prior lease will be applied to the lease fee under the lease agreement on a residual basis.

The termination agreement and lease agreement constitute a related-party transaction pursuant to Multilateral Instrument 61-101 as Michael Irmen is a director of the company and an owner of MDM Farms. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the transactions did not exceed 25 per cent of the fair market value of the company's market capitalization. The company did not file a material change report more than 21 days before the entering into of the termination agreement and the lease agreement as the terms of the termination agreement and lease agreement were not settled until shortly prior to execution and the parties wished to enter into the lease agreement and termination agreement on an expedited basis for sound business reasons.

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.