Mr. Fabio Capponi reports

SEASIF EXPLORATION INC., CLOSES SHARES FOR DEBT SETTLEMENTS

Further to its news release of Feb. 9, 2026, Seasif Exploration Inc. has completed the following debt settlements:

• The company settled loans made to the company by chief executive officer Fabio Capponi in the amount of $128,574, inclusive of accrued and unpaid interest, by the issuance of 8,571,600 common shares of the company at a price of 1.5 cents per share.
• The company owed accrued expenses to Mr. Capponi in the amount of $38,507, which were settled by the issuance of 2,567,133 common shares of the company at a price of 1.5 cents per share.
• The company settled $130,000 owed to Mr. Capponi in respect of accrued but unpaid salary by the issuance of 2.6 million common shares of the company at a price of five cents per share.
• The company settled $128,760 owed to chief financial officer Susan Rubin in respect of accrued but unpaid salary by the issuance of 2,575,200 common shares of the company at a price of five cents per share.
• The company settled debt in the amount of $120,000 owed to two arm's-length private parties by the issuance of six million common shares at a deemed price of two cents per share.

All of the foregoing shares are subject to a four-month resale hold until June 21, 2026.

About Seasif Exploration Inc.

The company's common shares are listed on the NEX board of the TSX Venture Exchange under the symbol SAF.H. Seasif is focused on the acquisition and development of scalable precious metals projects in premier mining jurisdictions. Seasif's wholly owned subsidiary, 5530 Nunavut Inc., which was incorporated under the laws of Nunavut, and registered under the Business Corporations Act (Northwest Territories) on Nov. 24, 2016, holds its interest in the Meadowbank project, located in Nunavut, Canada.

We seek Safe Harbor.