Ms. Pamela Wicks reports

PULSE SEISMIC REPORTS STRONG PRELIMINARY THIRD QUARTER 2026 REVENUE

Pulse Seismic Inc. has released preliminary third quarter 2026 revenue results. The company expects to issue and file its financial results for the three and nine months ended Sept. 30, 2026, on SEDAR+ and will make them available on Pulse's website after markets close on Oct. 21, 2026.

Since July 1, 2026, the company has generated approximately $17.3-million in seismic data licensing revenue, bringing expected total revenue for the nine months ended Sept. 30, 2026, to approximately $22.8-million. Third quarter 2026 revenue increased more than 400 per cent compared with the third quarter of 2025 while revenue for the first nine months of 2026 decreased by 49 per cent compared with the near-record revenue for the first nine months of 2025. Consistent with previous disclosure, the timing of new seismic data licensing is impacted by a variety of factors affecting industry activity and is subject to significant fluctuations.

"These strong third quarter sales results demonstrate the continued value and strategic importance of our extensive seismic data library to our clients," said Pamela Wicks, Pulse's president and chief executive officer. "While our market experiences natural fluctuations tied to broader energy sector activity, we remain confident in our competitive position and the long-term value of our asset base. I would like to thank the Pulse team, who remain focused on delivering value for our clients and shareholders alike."

The selected financial information reported for the third quarter of 2026 is preliminary, and has not been audited or reviewed by the company's auditor. The company's auditor has not performed any procedures with respect to this information. These figures are subject to change and adjustment as the company finalizes its financial results for third quarter 2026.

About Pulse Seismic Inc.

Pulse is a market leader in the acquisition, marketing and licensing of 2-D and 3-D seismic data to the Western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3-D seismic and 829,207 kilometres of 2-D seismic. The library extensively covers the Western Canada sedimentary basin, where most of Canada's oil and natural gas exploration and development occur. Pulse is supported by a dedicated and experienced team of professionals who are committed to delivering strong results for customers and shareholders.

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