Mr. Daniel Halyk reports

TOTAL ENERGY SERVICES INC. PLANS TO REPURCHASE SHARES

Total Energy Services Inc. has filed a notice with the Toronto Stock Exchange to undertake a normal course issuer bid that will begin on Oct. 21, 2026, and expire on Oct. 20, 2027. Total Energy has been informed that the TSX has accepted its notice to make the normal course issuer bid. All purchases of common shares will be effected through the facilities of the TSX and one or more of the Canadian alternative trading systems and all shares purchased will be cancelled by the company.

As of today, there are 36.3 million shares issued and outstanding. In connection with the normal course issuer bid commencing on Oct. 21, 2026, Total Energy may purchase up to 1,815,000 shares, being 5 per cent of the total number of outstanding shares on Oct. 16, 2026, during the period from Oct. 21, 2026, to Oct. 20, 2027, subject to a maximum daily purchase limit of 35,239 shares based on an average daily trading volume for the last six calendar months of 140,956 shares.

On Oct. 17, 2025, Total Energy announced its intention to undertake a normal course issuer bid, which remained in effect during the 12-month period ending on Oct. 20, 2026. Under that normal course issuer bid Total Energy purchased a total of 1,556,913 shares at an average price of $23.29 per share, representing 85 per cent of the 1,841,300 shares authorized to be purchased.

Headquartered in Calgary, Total Energy provides contract drilling services, equipment rentals and transportation services, well servicing and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia.