Mr. Jim Rakievich reports

MCCOY GLOBAL INC. ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID

McCoy Global Inc. has received approval from the Toronto Stock Exchange to extend a proposed normal course issuer bid to purchase up to 1,605,053 common shares, representing approximately 10 per cent of the public float common shares of McCoy.

McCoy's management and board of directors believe that the current market price of its common shares does not represent the underlying value of the corporation and have determined that the repurchase of common shares is a desirable use of funds and in the best interests of the corporation and its shareholders.

Purchases under the bid will be made through the facilities of the TSX or any Canadian alternative trading system. The period of the bid will extend from Aug. 22, 2023, to Aug. 21, 2024, or an earlier date should McCoy complete its purchases. All common shares purchased under the bid will be cancelled. The actual number of common shares purchased, the time of purchases and the price at which the common shares will be acquired will depend on future market conditions.

As of Aug. 15, 2023, 28,578,589 common shares of McCoy were issued and outstanding. Under the rules of the TSX and subject to certain exemptions for block purchases, the maximum number of common shares that the corporation may purchase on any single trading day is 4,192 common shares, representing 25 per cent of the average daily trading volume of 16,771 common shares for the previous six calendar months.

About McCoy Global Inc.

McCoy Global is transforming well construction, using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The corporation has offices in Canada, the United States and the United Arab Emirates, and operates internationally in more than 50 countries through a combination of direct sales and key distributors.

We seek Safe Harbor.