Mr. Lyle Whitmarsh reports

STAMPEDE DRILLING ANNOUNCES GRANTING OF STOCK OPTIONS

Stampede Drilling Inc. has granted an aggregate of 900,000 stock options to purchase common shares of the company to certain officers of the company.

The options were granted on May 28, 2025, and have a term of five years from the date of grant, with one-quarter of the options vesting on the day of the grant and one-quarter subsequently vesting on each of the first, second and third anniversaries of the date of the grant. The options may be exercised at a price of 15 cents per common share.

The options were granted pursuant to the amended and restated stock option plan of the company as recently approved by the shareholders of the company on May 15, 2025.