Mr. Mendel Ekstein reports

PETROLYMPIC ADOPTS SEMI-ANNUAL FINANCIAL REPORTING

Petrolympic Ltd. intends to adopt the policies outlined in the semi-annual financial reporting (SAR) pilot program utilizing the exemptions provided under Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. This news release is being filed pursuant to the blanket order.

The blanket order allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR pilot program, the company aims to reduce the administrative and financial burden associated with quarterly reporting.

The company's fiscal year ends on Dec. 31. Under the SAR pilot program, the company will be exempt from filing interim financial reports and related management's discussion and analysis (MD&A) for its first and third quarters:

• Interim period: The company will not file interim financial statements and MD&A for the three-month and nine-month periods ending Sept. 30, 2026, being the initial interim period for which the company does not intend to file an interim financial report and related MD&A in reliance on the blanket order.
• Continuing reporting: The company will continue to file audited annual financial statements and MD&A (due within 120 days of Dec. 31) and six-month interim financial statements and MD&A (due within 60 days of June 30).

The company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million, having been a reporting issuer for at least 12 months, and having filed all required periodic and timely continuous disclosure documents, with a clean continuous disclosure record during the preceding 12 months.

The company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102, Continuous Disclosure Obligations, and the policies of the TSX Venture Exchange.

About Petrolympic Ltd.

Petrolympicis a junior Canadian gold and lithium mining company with strategic assets located in the provinces of Quebec and Ontario, Canada. The company is presently focused on its gold properties in Quebec, including the Rayon d'Or and Belcourt assets, where Petrolympic has already completed several drilling campaigns, for a total of about 5,000 linear metres. These properties have significant potential to deliver long-term value, with documented gold occurrences and numerous exploration leads supported by geophysical, geochemical and drilling campaigns. Both properties are easily accessible by road, thus reducing significantly the exploration costs.

The Rayon d'Or-Vauquelin property is in the midst of the world-class and highly competitive Val d'Or mining district, and is surrounded by major players such as Agnico Eagle, Eldorado Gold and Fresnillo. The property hosts several explorations leads highlighted by proprietary magnetic, IP (induced polarization) and biogeochemical surveys. Historical reconnaissance-scale drilling and Petrolympic's own drilling campaigns have already confirmed and outlined several of these leads, with results such as 12.74 grams per tonne (g/t) gold (Au) over 3.96 metres (m), 3.83 g/t Au over 3.08 m and 2.14 g/t Au over 9.10 m.

The Belcourt property, in the Abitibi region, hosts several promising leads highlighted by historical reconnaissance-scale drilling and by Petrolympic's own drilling results, including 6.96 g/t Au over 2.17 m, 30.00 g/t Au over 0.44 m, 1.49 g/t Au over 5.4 m etc. Several significant gold occurrences are also documented around the property, which is located along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits. The area is very dynamic, with Eldorado Gold recently optioning Gold Valley Mines to develop a discovery adjacent to Petrolympic's property.

Other key assets include properties in the James Bay area (Li-1 and Li-2 -- lithium) and in Ontario (Evangeline Lake -- gold). The Evangeline property is adjacent to the historical McMillan gold mine, which produced 60,138 tons Au. Within the property itself, historical drilling revealed golds values in the range of 14.74 g/t Au over 0.91 m and 3.77 g/t Au over 1.52 m and grab samples up to 123.75 g/t Au. Petrolympic has recently undertaken an IP survey over part of the property, which delineated several chargeable zones that are likely responding to areas containing sulphides or disseminated sulphides.

We seek Safe Harbor.