Mr. Sasha Jacob, investor, reports

SASHA JACOB ANNOUNCES CHANGE TO HOLDINGS IN MARITIME LAUNCH SERVICES INC.

Maritime Launch Services Inc. investor Sasha Jacob on April 9, 2026, disposed of three million common shares of the company at 60 cents per common share for aggregate consideration of $1.8-million. Subsequently, on April 15, 2026, Mr. Jacob exercised 2.25 million stock options, at an exercise price of 16.7 cents, to acquire 2.25 million common shares of the company for aggregate consideration of $375,750. This press release is being disseminated as required by National Instrument 62-103 -- The Early Warning System and Related Take-Over Bids and Insider Reporting Issuer in connection with the filing of an early warning report by Mr. Jacob.

The occurrence of the April, 2026, share transactions following the Nov. 12, 2025, issuance of 208,844,288 common shares by the company, as a result of the conversion of outstanding company convertible debentures, triggered the issuance of the aforementioned early warning report.

Prior to the April, 2026, share transactions, Mr. Jacob beneficially held an aggregate of 114,895,062 common shares, warrants to acquire 291,666 additional common shares and options to acquire 2.25 million additional common shares representing 15.45 per cent of the outstanding common shares on a partially diluted basis. Following the April, 2026, share transactions, Mr. Jacob now beneficially holds an aggregate of 114,145,062 common shares and warrants to acquire 291,666 additional common shares representing 15.10 per cent of the outstanding shares on a partially diluted basis.

The securities are held for investment purposes. Mr. Jacob may acquire, dispose of or continue to hold common shares in the normal course of investment activities.

For further information, including a copy of the early warning report, please contact the company at 303, 1883 Upper Water, Halifax, N.S., B3J 1S9. A copy of the early warning report will appear on the company's SEDAR+ profile.

For further information, please contact: Maritime Launch Services at info@maritimelaunch.com.