Mr. Archie Nesbitt reports

MARKSMEN ENERGY INC. ANNOUNCES FILING OF ITS Q1 INTERIM FINANCIAL STATEMENTS

Further to Marksmen Energy Inc.'s news releases dated May 15 and May 29, June 12 and June 16, 2025, with respect to the Alberta Securities Commission (ASC) having issued a management cease trade order (MCTO) to Marksmen pursuant to its application under National Policy 12-203 -- Management Cease Trade Orders (NP 12-203) in respect of the default regarding the delay of the filing of its annual financial statements, accompanying management's discussion and analysis, and related chief executive officer (CEO) and chief financial officer (CFO) certifications for the financial year ended Dec. 31, 2024.

As a result of the delay in filing the annual filings, the company's interim financial statements for the three months ended March 31, 2025, the accompanying management discussion and analysis and related CEO and CFO certifications (collectively, the Q1 filings) were not filed by the prescribed deadline of May 30, 2025.

Marksmen filed its annual filings on June 16, 2025, enabling it to proceed with preparing its Q1 filings, which Marksmen is pleased to confirm the company has now filed.

Pursuant to the completion of the annual filings and Q1 filings, the company expects that the MCTO granted by the ASC will be revoked and that the CEO and the CFO will be permitted to trade securities of the company in two full business days. The MCTO does not affect the ability of persons other than the CEO and the CFO of the company to trade in the company's securities.

The company confirms that, other than as disclosed in its news release dated May 15 and May 29, June 12 and June 16, 2025, or as set out herein, there is no other material information concerning the affairs of the company that has not been generally disclosed.

The company wants to thank all of those who worked diligently in assisting with the finalization of the annual filings and Q1 filings.

We seek Safe Harbor.