Mr. Paul Huizinga reports

QUESTOR ENGAGES FINANCIAL ADVISOR AND PROVIDES PROGRESS UPDATE ON STRATEGY REFRESH

Questor Technology Inc. has provided an update regarding its strategy refresh and phase III shareholder value creation plan. The company also announced the engagement of Roth Canada Inc., the CIRO-licensed (Canadian Investment Regulatory Organization) dealer in Canada of Roth Capital Partners LLC, as financial adviser to the special committee comprising independent directors of the board. Questor continues to move forward with purpose and discipline to deliver results for all shareholders ahead of its annual general meeting scheduled for Sept. 9, 2026.

Momentum building behind a focused path to growth

Questor has made significant progress on its strategy refresh in connection with the management team transition, advancing a shareholder value creation plan to generate returns from its existing fleet and infrastructure through a sequenced, capital-disciplined approach to North American and international markets. The company's independent review of Questor's organic Rankine cycle (ORC) program is under way, with findings expected in Q3 2026.

Questor enters phase III with a debt-free balance sheet, over $4-million in cash, four patents, more than 100 rental units already owned and the only ISO 14034 third-party-verified 99.99-per-cent combustion technology in the world. Based on the company's strategy refresh progress and current assumptions, the independent directors of the board and management team see a path to $10-million in revenue by 2027 and $15-million by 2029, driven by three recurring revenue streams.

"The asset was never the problem," said Mike Lindsay, interim president and chief executive officer. "Phase III is about converting what we already have into results. We are moving with discipline and focus to reactivate our core markets and put our fleet back to work."

The full details of the company's strategy refresh and phase III shareholder value creation plan are included in a new investor presentation, which is available on the company's website.

Roth Capital engaged as financial adviser

In connection with its strategy refresh, Questor has retained Roth Capital as financial adviser to the special committee. Roth Capital will provide financial advisory services to the company and the special committee as it evaluates potential paths to value maximization for shareholders.

"Roth Capital is well positioned to provide an experienced and independent lens to our disciplined and rigorous strategy refresh," said Paul Huizinga, chair of the board. "The special committee has a clear mandate and is executing on it. We are evaluating all available options to unlock shareholder value and ensuring every decision is made with the benefit of independent financial expertise."

Nomination notice

As previously announced on Aug. 11, 2026, the company received an advance notice from Audrey Mascarenhas of her intention to nominate an alternative slate of directors at the meeting, comprising Ms. Mascarenhas, Aloysius (Lowy) H. Gunnewiek, Dr. Tauseef Salma, Shahid Qureshi and Malcolm Cox.

Questor has completed its review of the information contained in the notice relating to the nominating shareholder and nominees' information contained in the notice. In compliance with the company's advance notice bylaw, this information is being made publicly available to shareholders through the company's website.

For clarity, assuming the resolution setting the company's board size at five directors is approved by shareholders at the meeting and assuming Ms. Mascarenhas proceeds with nominating her alternative slate at the meeting, the election of directors will be a "contested" one because there will be a greater number of nominees -- 10 nominees in total comprising management's five nominees and Ms. Mascarenhas's five nominees -- than the five board seats available. In that case, registered shareholders and duly appointed proxyholders entitled to vote at the meeting would be instructed to vote for up to five nominees only, and the five nominees receiving the most votes "for" their election will be elected as directors of the company.

Vote today for Questor's recommended independent director nominees

The path forward is clear. Shareholders now have the opportunity to back a focused, disciplined plan for growth already in motion, or risk returning control to the leadership that presided over instability and a lack of strategic focus that undermined the company's performance.

The meeting is scheduled for Wednesday, Sept. 9, 2026, at 1 p.m. MDT. To ensure proxies are received in time, shareholders should vote today, in advance of the proxy voting deadline of Friday, Sept. 4, 2026, at 1 p.m. MDT.

Questor recommends that shareholders vote using only the gold proxy well in advance of the voting deadline as follows:

• For the election of Mr. Huizinga, Mike Krayacich, Jason Smith, Bastien Commet and Saj Shapiro as independent directors;
• For the approval of the other management resolutions.

Questor also recommends that shareholders discard any proxy materials received from Ms. Mascarenhas.

Shareholders who have questions or require assistance voting should contact Questor's proxy solicitation agent, Carson Proxy Advisors at the following.

North American toll-free phone:   1-800-530-5189

Local and text:  416-751-2066

E-mail:  info@carsonproxy.com

About Questor Technology Inc.

Questor Technology, incorporated in Canada under the Business Corporations Act (Alberta) is an environmental emissions reduction technology company founded in 1994, with global operations. The company is focused on clean air technologies that safely and cost-effectively improve air quality and support energy efficiency and greenhouse gas emission reductions. The company designs, manufactures and services high-efficiency clean combustion systems that destroy harmful pollutants, including methane, hydrogen sulphide gas, volatile organic hydrocarbons, hazardous air pollutants and BTEX (benzene, toluene, ethylbenzene and xylene) gases within waste gas streams at 99.99-per-cent efficiency per its ISO 14034 certification.

The company also has proprietary heat-to-power-generation technology and is currently targeting new markets, including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat, in addition to a wide variety of oil and gas projects. The combination of Questor's clean combustion and power generation technologies can help clients achieve net-zero emission targets for minimal cost.

The company's common shares are traded on the TSX Venture Exchange under the symbol QST.

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