An anonymous director reports

SQUATEX AND CTI WELCOME AN OFFICIAL DELEGATION FROM THE NATIONAL GEOLOGICAL SURVEY OF SENEGAL TO QUEBEC

Squatex Energy and Ressources Inc. and Caron Technologies International Inc., in collaboration with the Halles d'Innovation et de Formation Avancee (HIFA) and the Universite du Quebec a Rimouski (UQAR), will welcome to Quebec, from March 5 to March 11, 2026, an official delegation from the National Geological Survey of Senegal (SGNS) as part of the strategic co-operation agreement concluded in October, 2025.

The delegation will be led by Dr. Rokhaya Samba Diene, director general of the SGNS, and will include:

• Raymond Sagna, geological and director of exploration and applied geology;
• Babacar Niang, administrative and financial director;
• Mouhamed Diop, archival engineer and head of documentation, archives and information services.

This official visit marks an important milestone in the concrete implementation of the partnership between Senegalese and Quebec institutions. An initial working meeting held by video conference on Feb. 17, 2026, helped establish the operational framework of the collaboration and define its strategic priorities.

In this context, the mission program includes:

• March 5 -- Brossard: working session at Squatex's offices;
• March 9 -- Riviere-du-Loup: technical visit of HIFA facilities;
• March 10 -- Rimouski: working meetings at the Universite du Quebec a Rimouski;
• March 11 -- hybrid steering committee meeting to establish the next steps.

The National Geological Survey of Senegal, a public institution under the authority of the Ministry of Energy, Petroleum and Mines, plays a central role in geological mapping, mineral exploration and the strategic management of Senegal's subsurface data.

Work currently under way within the framework of the partnership notably includes:

• The development of airborne geophysical surveys;
• The deployment of innovative and sustainable exploration technologies;
• The management of geoscientific documentation;
• The strengthening of scientific and technical capacity.

This mission aims to consolidate the foundations of a structured, long-term collaboration based on knowledge transfer, technological innovation and the responsible development of natural resources.

About Squatex Energy and Ressources Inc.

Squatex Energy is an exploration company listed on the Canadian Securities Exchange, active in the responsible development of energy and mineral resources.

We seek Safe Harbor.