Dr. Mark Davies reports

METATEK ORDERS NEW INSTRUMENT FROM LOCKHEED MARTIN AND GRANTED SEVEN YEAR GLOBAL EXCLUSIVITY

Metatek-Group Ltd. has concluded an agreement with its long-standing technology supplier, Lockheed Martin Corp., for the manufacture and purchase of a new eFTG (enhanced full tensor gravity gradiometry) instrument, together with extended global exclusivity rights and additional purchase options.

The agreement provides Metatek-Group with seven years of global exclusivity in relation to the purchase of new eFTG systems from Lockheed Martin.

The agreement also provides Metatek-Group with preferential pricing for the purchase of an additional eFTG system. Should Metatek-Group exercise this option, the company has the potential to extend its global exclusivity relating to new eFTG systems by a further two years to nine years.

Dr. Mark Davies, chief executive officer of Metatek-Group, commented: "We are very pleased to have concluded this agreement with our long-standing technology supplier, Lockheed Martin, following concluding ongoing negotiations. The outcome secures the next two eFTG instruments for Metatek on attractive commercial terms and, importantly, provides global exclusivity for the best part of a decade.

"Since the deployment of the first eFTG just over five years ago, the instrument has demonstrated its capabilities across a wide range of projects and operating environments. The combination of rapid data acquisition with high-resolution subsurface imaging is delivering material benefits for our clients. Exploration and investment decisions can be made with greater confidence and in shorter time frames, enabling governments and resource companies to pursue strategic exploration programs more efficiently.

"With two instruments currently in operation and a third expected to enter service shortly, we already have significant capacity to support our growth over the short to medium term. As we expand our eFTG fleet further, our focus will be on substantially growing the business while we maximize the utilization of our existing asset base and respond to increasing demand for our products and services."

Highlights:

• Metatek-Group secures seven years of global exclusivity in relation to the purchase of new eFTG systems from Lockheed Martin;
• Agreement concluded with Lockheed Martin for the manufacture and purchase of a new eFTG instrument;
• Agreement includes preferential pricing for the purchase of an additional eFTG instrument;
• Purchase of an additional eFTG would extend Metatek-Group's global exclusivity by a further two years, to nine years;
• Manufacture of new instrument expected to take approximately three years;
• New eFTG will further expand Metatek-Group's fleet and future operational capacity to support growing demand for its products and services.

About Metatek-Group Ltd.

Metatek-Group is a global geophysical services company providing high-definition mapping of subsurface strategic and critical mineral natural resources, energy (including hydrocarbons), helium, and hydrogen for exploration and development. Unlike traditional exploration companies, Metatek-Group delivers rapid data acquisition, processing and scientific interpretation across air, land and sea environments.

Metatek-Group supports national energy security and helps accelerate the discovery of hydrocarbons, minerals essential for sustainable power, such as lithium, nickel and copper, as well as identifying reservoirs for natural hydrogen and geothermal energy.

We seek Safe Harbor.