Mr. Dustin Haw reports

TERRAVEST ANNOUNCES NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES

TerraVest Industries Inc. has received the approval of the Toronto Stock Exchange to make a normal course issuer bid for up to 1,558,516 of its issued and outstanding common shares on the TSX.

Purchases under the bid may commence on Aug. 22, 2025, and will terminate on Aug. 21, 2026, or on such earlier date as the bid is complete. Purchases of shares will be made either through the facilities of the TSX in accordance with its rules or through alternative Canadian trading systems.

The average daily trading volume (ADTV) of the shares for the six calendar months ended July 31, 2025, was 91,713 shares. Subject to the TSX's block purchase exception, on any trading day, purchases under the bid will not exceed 22,928 shares. The price that the corporation will pay for any shares purchased under the bid will be the prevailing market price at the time of purchase. Any shares purchased by the corporation will be cancelled.

As of Aug. 8, 2025, there were 21,685,695 Shares issued and outstanding. The 1,558,516 shares that may be repurchased under the bid represent approximately 10 per cent of the public float of shares on Aug. 8, 2025.

The board of directors of the corporation has authorized the bid because it believes that it is an efficient use of the corporation's financial resources to purchase shares when the market price of the shares does not fully reflect their underlying value.

We seek Safe Harbor.