Pursuant to a resolution passed by directors of Cavalry Capital Corp. on Nov. 25, 2025, Cavalry has consolidated its capital on a one-new-for-1.66-old basis and has changed its name from Cavalry to AE Fuels Corp.

Effective at the opening on Monday, Dec. 29, 2025, the postconsolidated common shares of AE Fuels will commence trading on the TSX Venture Exchange and the common shares of Cavalry will be delisted.

AE Fuels is classified as a mining company.

Postconsolidated capitalization:  unlimited shares with no par value, of which 41,433,479 shares are issued and outstanding

Escrow:  1,506,024 shares subject to the CPC (capital pool company) escrow agreement; 13,724,934 shares subject to a 36-month staged release escrow agreement

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  AEF (new)

Cusip No.:  001024 10 8 (new)

Private placement -- non-brokered

Financing type:  non-brokered private placement

Gross proceeds:  $2,740,117

Offering:  10,960,468 listed shares with 5,480,234 warrants attached (postconsolidation)

Offering price:  25 cents per listed share (postconsolidation)

Warrant exercise terms:  35 cents per listed share (postconsolidation) for a two-year period

Commissions in securities:  409,100 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 35 cents (postconsolidation) for a two-year period.

Disclosure:  Refer to the company's news releases dated Sept. 10, 2025, Nov. 20, 2025, and Dec. 19, 2025.

Resume trading

Effective at the opening on Monday, Dec. 29, 2025, trading in the shares of Cavalry will resume as common shares of AE Fuels.