Mr. Trevor Conway reports

REEFLEX SOLUTIONS INC. PROVIDES BI-WEEKLY STATUS UPDATE ON MCTO

Reeflex Solutions Inc. is providing this biweekly status update in accordance with National Policy 12-203 (Management Cease Trade Orders).

As announced on Dec. 31, 2025, the company applied for and was granted a management cease trade order by the Alberta Securities Commission as principal regulator of the company due to a delay in the filing of its audited annual financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the financial year ended Aug. 31, 2025, by the required deadline of Dec. 29, 2025.

The MCTO restricts the company's CEO and CFO from trading in the company's securities until the annual filings are made but will not affect the ability of the general investing public to trade in the company's common shares.

As disclosed in the company's initial default announcement, the company underwent a complex transaction, transitioning from a private, family-owned business to a fully international-financial-reporting-standard-compliant public company by way of a reverse takeover transaction on May 16, 2025, and related acquisition of Coil Solutions Inc. on May 15, 2025. The company changed its year-end from Dec. 31, 2025, to Aug. 31, 2025, to align with the year-end of its operating subsidiary, CSI. The company also appointed MNP LLP as its new auditor, which advised that the company's interim financial statements for the quarter ended May 31, 2025, accompanying MD&A, and certificates (the third quarter filings) are required to be restated to reflect CSI's results only from the May 15, 2025, acquisition date, in accordance with IFRS. The need to restate the Q3 filings, together with first-time public company audit requirements, extended the time required to complete the audit of the company's year-end results and the preparation of the annual filings.

The company received the approval of the ASC to complete the annual filings, the restatement of the Q3 filings and the company's interim financial statements for the quarter ended Nov. 30, 2025, accompanying MD&A, and certificate, on or before Feb. 19, 2026. However, the continued complexity of the audit requirements, together with work required to ensure that the company's disclosure is appropriate and consistent across the annual filings, the restated Q3 filings and the Q1 filings, has resulted in additional delays. The company has requested, but not yet received, a further extension from the ASC to complete the annual filings, the restated Q3 filings and the Q1 filings by March 16, 2026.

In accordance with the requirements of NP 12-203, the company confirms that, as of the date of this announcement: (i) there have been no material changes to the information previously disclosed regarding the default that have not been generally disclosed; (ii) there have been no failures by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there have been no other specified defaults by the company under NP 12-203; (iv) the company is not subject to any insolvency proceedings; and (v) there is no other material information concerning the affairs of the company that has not been generally disclosed.

About Reeflex Solutions Inc.

Reeflex is a proudly Canadian company that delivers advanced engineering and manufacturing solutions across various industry sectors. Through its wholly owned subsidiary, Coil Solutions, it provides coiled tubing injectors and downhole tools for the oil and gas sector. Its manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications.

We seek Safe Harbor.