File: Attachment SQX_Squatex_PressRelease.pdf

Squatex and CTI Welcome an Official Delegation from the National Geological Survey of Senegal to Quebec

Brossard (Quebec), February 27, 2026 -- Squatex Energy and Resources Inc. ("Squatex") and Caron Technologies International Inc. ("CTI"), in collaboration with the Halles d'Innovation et de Formation Avancee (HIFA) and the Universite du Quebec a Rimouski (UQAR), are pleased to announce that they 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 cooperation agreement concluded in October 2025.

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

dot Mr. Raymond Sagna, Geological and Director of Exploration and Applied Geology

dot Mr. Babacar Niang, Administrative and Financial Director dot Mr. 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 videoconference on February 17, 2026, helped establish the operational framework of the collaboration and define its strategic priorities.

In this context, the mission program includes:

dot March 5 Brossard: Working session at Squatex's offices dot March 9 Riviere-du-Loup: Technical visit of HIFA facilities dot March 10 Rimouski: Working meetings at the Universite du Quebec a Rimouski dot 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 underway within the framework of the partnership notably includes:

dot the development of airborne geophysical surveys, dot the deployment of innovative and sustainable exploration technologies, dot the management of geoscientific documentation, dot 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 Resources

Squatex Energy and Resources Inc. is an exploration company listed on the Canadian Securities Exchange (CSE: SQX), active in the responsible development of energy and mineral resources.

About Caron Technologies International

Caron Technologies International Inc. develops innovative drilling technologies designed to reduce the carbon footprint of exploration operations.

Source and Information:

Ressources & Energie Squatex inc. 7055, boul. Taschereau, bureau 500, Brossard (Quebec) J4Z 1A7 Courriel : info@squatex.com -- www.squatex.com

Caron Technologies International (CTI) 154, rue Quimper, Matane (Quebec) G4W 4E6 Courriel : info@carontechnologies.ca

This press release contains forward-looking statements subject to applicable securities laws.