Mr. Lyle Whitmarsh reports

STAMPEDE DRILLING ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The TSX Venture Exchange has approved the renewal of Stampede Drilling Inc.'s normal course issuer bid to purchase its common shares through the facilities of the TSX-V and/or alternative trading platforms, commencing on Dec. 9, 2025, and expiring on the earlier of Dec. 8, 2026, and the date on which Stampede has acquired the maximum number of common shares allowable under the NCIB.

Stampede intends to purchase, for cancellation, up to 18,602,144 common shares, representing 10 per cent of the company's public float (as such term is defined in TSX-V Policy 1.1 (Interpretation)).

Stampede believes that, from time to time, the market price of its common shares trades at prices that may not adequately reflect their underlying value and the repurchase of common shares for cancellation may represent an attractive use of the company's financial resources. The actual number of common shares that may be purchased, if any, the timing of any such purchases and the price at which the common shares are acquired will be determined based on a number of factors taken into consideration by the company.

Stampede has engaged Peters & Co. Ltd. to act as its broker for the NCIB. The NCIB will be made through the facilities of the TSX-V and/or alternative trading platforms, and the purchase and payment for the common shares will be made in accordance with TSX-V requirements and applicable securities laws.

The company's prior NCIB for the purchase of up to 20,137,617 common shares expired on June 2, 2025. Under the prior NCIB, Stampede repurchased an aggregate of 14,017,500 common shares at an aggregate cost of approximately $2,660,858 (or 19 cents per common share).

We seek Safe Harbor.