Dr. Mark Davies reports

METATEK SIGNS FOLLOW-ON CONTRACT AND ADDITIONAL CONTRACT IN CENTRAL ASIA

Metatek-Group Ltd. has been awarded a second multidisciplinary airborne data acquisition, processing and interpretation contract by the State Oil Company of the Azerbaijan Republic (SOCAR). The award follows the successful completion of a smaller test survey program for SOCAR in 2025.

Metatek-Group has also secured a new multidisciplinary airborne data acquisition contract with a Canadian energy company operating in Azerbaijan. Data acquisition for both projects is expected to take place during the third quarter of 2026.

"This contract represents a repeat engagement with a government customer in Azerbaijan, following the successful execution of a smaller test program last year," said Dr. Mark Davies, chief executive officer of Metatek-Group. "It reflects the strength of our technology and the expertise of our survey, processing and interpretation teams, whose delivery of high-quality results has earned the confidence of our client and led to this expanded mandate.

"The addition of a second contract with a Canadian energy company operating in Azerbaijan further demonstrates the versatility of our technology and the value it delivers across multiple resource sectors," added Dr. Davies. "Together, these projects establish a meaningful body of work in the region, strengthen our presence in Central Asia and create opportunities to build long-term customer relationships."

Highlights:

• dFTG (digital full-tensor gravity gradiometry) system mobilization to Azerbaijan for airborne data acquisition is expected in the coming weeks;
• Follow-on contract awarded by SOCAR following a successful 2025 test program;
• Additional multidisciplinary data acquisition contract awarded by a Canadian energy company operating in Azerbaijan, enabling efficient in-country deployment;
• Data processing, interpretation and integration with the 2025 survey and legacy seismic data are expected to be completed in Q4 2026.

About Metatek-Group Ltd.

Metatek-Group is a global geophysical services company providing high-definition mapping of subsurface strategic and critical mineral natural resources, energy (including hydrocarbons), helium and hydrogen for exploration and development. Unlike traditional exploration companies, Metatek-Group delivers rapid data acquisition, processing and scientific interpretation across air, land and sea environments.

Metatek-Group supports national energy security and helps accelerate the discovery of hydrocarbons, minerals essential for sustainable power (such as lithium, nickel and copper) as well as identify reservoirs for natural hydrogen and geothermal energy.

We seek Safe Harbor.