Mr. Archie Nesbitt reports

MARKSMEN ENERGY INC. ANNOUNCES TERMINATION OF LETTER OF INTENT FOR PROPOSED REVERSE TAKEOVER

Further to the news release dated April 30, 2025, the letter of intent with T1 Technology Corp. has been terminated by Marksmen Energy Inc. as the parties were unable to enter into a definitive agreement by the deadline.

Marksmen is an active exploration and production oil and gas company, concentrating in the Appalachian basin, United States.

In Ohio, a joint interest partner is currently drilling a well, at 100-per-cent its cost, and is nearing total depth. The well is on a property targeted by Marksmen 3-D seismic. Pursuant to an agreement, Marksmen will earn a 6-per-cent gross overriding royalty, after payout. Also in Ohio, another joint venture partner has acquired a portion of one of the corporation's leases targeted by Marksmen's 3-D seismic and will drill a well at 100-per-cent its cost. Under the terms of the agreement, Marksmen will be granted a 5-per-cent gross overriding royalty, after payout. Marksmen is reviewing its drilling opportunities from its 3-D seismic with existing partners, including a Trenton Black River formation target.

Additionally, Marksmen's team is continuing with its review and assessment of, for possible acquisition, a new oil and gas projects in the Appalachian basin.

Marksmen is working with the TSX Venture Exchage for its common shares to resume trading on the TSX Venture Exchange.

We seek Safe Harbor.