Mr. Jason Cubitt reports

PROAM EXPLORATIONS CORPORATION ANNOUNCES DELAY OF FILINGS

ProAm Explorations Corp. will delay filing its financial statements for the period ended Dec. 31, 2025, the related management's discussion and analysis, and chief executive officer and chief financial officer certifications, together with its annual oil and gas disclosure prescribed by National Instrument 51-101 (Standards of Disclosure for Oil and Gas Activities) for the year ended Dec. 31, 2025, which are required to be filed on or before April 30, 2026. The delay in filing the required filings is a result of internal delays associated with the preparation and audit process due to unforeseen administrative circumstances that temporarily affected the finalization of required deliverables. The outstanding materials have been substantially completed and delivered to the company's auditor, which is actively reviewing them. The company continues to work closely with its auditor to finalize the financial statements and expects to file the required disclosures promptly upon completion of the audit.

Accordingly, the B.C. Securities Commission, the company's principal securities regulator in Canada, has issued the company a management cease trade order under the provisions of National Policy 12-203 (Management Cease Trade Orders) to be granted in connection with the late filing of the required filings, so as to permit the continued trading in the company's common shares by persons other than the company's chief executive officer, chief financial officer, and such other directors, officers and persons as determined by the applicable regulatory authorities. The company expects to file the annual filings on or before May 30, 2026.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in Section 10 of NP 12-203 and issue biweekly default status reports for so long as it remains in default of the requirement to file the required filings. The company has not taken any steps toward any insolvency proceeding, and the company has no material information to release to the public. The company has made the foregoing representations in accordance with the requirements of applicable securities laws.

Further, the company wishes to clarify that the previously filed Form 51-101F5 (Notice of Ceasing to Engage in Oil and Gas Activities) that was filed by the company on March 20, 2026, was done so in error and should not be relied upon.