Mr. Myke Clark reports

REVOLVE ACHIEVES KEY INTERCONNECTION MILESTONE ON 130 MW "EL 24 WIND PROJECT" IN MEXICO

Revolve Renewable Power Corp. has completed a key step in the interconnection process for its 130-megawatt EL 24 wind farm project located in Tamaulipas, Mexico. Through its wholly owned subsidiary EPM Eolica 24, the company formally submitted a request on Feb. 17, 2026, for an interconnection agreement to the Comision Federal de Electricidad. The company expects CFE to issue the final interconnection agreement for signing in the coming weeks.

The interconnection request for the project was submitted through the accelerated permitting process referred to in the press release on Dec. 22, 2025. The company has satisfied all required regulatory and technical conditions, including completion of the necessary interconnection study submissions, receipt of the project's generation permit and provision of the required financial guarantees of support. This milestone represents a critical step toward connecting the EL24 project to Mexico's national electric system and advancing the project toward commercial operation.

"Securing the interconnection agreement is essential for ensuring grid access and is a key catalyst for advancing project-level financing," said chief executive officer Myke Clark. "We expect the interconnection agreement to be executed by early Q2 2026. Following execution, Revolve will focus on securing the remaining outstanding permits required for construction and operation with a target ready to build date of the end of 2026. The continued advancement of EL 24 enhances long-term shareholder value by increasing the proportion of late-stage, finance-ready assets within the company's portfolio, reducing development risk and positioning Revolve to capitalize on growing electricity demand and renewable energy investment in Mexico."

The EL 24 wind project is a 130-megawatt late-stage, utility-scale renewable energy development that has achieved meaningful regulatory derisking. The approval of the generation permit, announced on Dec. 22, 2025, confirms the project's technical feasibility and compliance with Mexico's regulatory framework and materially enhances its bankability. With permitting well advanced and the interconnection process under way, EL 24 is positioned as a high-quality asset within Revolve's development portfolio.

Revolve also submitted a 40 million Mexican pesos ($2.3-million (U.S.)) letter of credit to CFE in support of its interconnection request for the project. In support of this letter of credit, Revolve extended its existing Export Development Canada account performance security guarantee facility by $2.5-million (U.S.) to facilitate the issuance of the letter of credit. The APSG, first announced on Jan. 6, 2025, and on Jan. 23, 2025, allows Revolve to issue letters of credit with the company's financial institution without putting up cash collateral, providing the company with better access to cash and working capital. This expansion strengthens the company's financial flexibility and underscores its commitment to progressing EL 24 through the final stages of development.

About Revolve Renewable Power Corp.

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the United States, Canada and Mexico. The company has a second division, Revolve Renewable Business Solutions, which installs and operates sub-20-megawatt behind-the-meter distributed generation assets. Revolve's portfolio includes the following:

• Operating assets: 13 megawatts (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
• Development: a diverse portfolio of utility-scale development projects across the United States, Canada and Mexico with a combined capacity of over 3,000 megawatts as well as a 140-plus-megawatt distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready to build status and concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 megawatts of projects.

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