Insider ownership post corporate reorganization

28 Jan 2026 08:00 CET

Questerre Energy Corporation ("Questerre" or the "Company") refers to the stock
exchange announcements made January 16, 2026, regarding the Special Meeting of
Shareholders (the "Meeting") and January, 20, 2026, regarding key dates of the
corporate reorganization.

In the Meeting, it was resolved that the Company’s existing Class A Common
Shares (the “Common Shares”) were exchanged for a new class of Class A Common
Shares (the “New Common Shares”) and Series 2 Preferred Shares, and the original
Common Shares have been cancelled.

The Effective Date of the exchange of shares was January, 27, 2026, where the
exchange of the Common Shares with the Company's New Common Shares and Series 2
Preferred Shares was completed, whereby the Series 2 Preferred Shares were
recorded in the share registers in Canada and Norway and distributed to the
Company's shareholders while the Common Shares were cancelled and replaced by
the New Common Shares, which will continue to trade under the same ISIN number
as the cancelled Common Shares. For each Common Share, the shareholders have
received one (1) New Common Share and one (1) Series 2 Preferred Share.

Mandatory notifications of trade

The following primary insiders and close associates of primary insiders have
participated in the exchange, whereby their Common Shares were exchanged with an
equal number of New Common shares and new Series 2 Preferred Shares:

Hans Jacob Holden, Director, has received 275,000 New Common Shares and 275,000
Series 2 Preferred Shares
Dennis Sykora, Director, has received 593,750 New Common Shares and 593,750
Series 2 Preferred Shares
Bjorn Inge Tonnessen, Director, has received 445,000 New Common Shares and
445,000 Series 2 Preferred Shares
Michael Binnion, President and CEO, and related parties in aggregate have
received 23,890,112 New Common Shares and 23,890,112 Series 2 Preferred Shares
Jason D’Silva, Chief Financial Officer, has received 5,515,863 New Common Shares
and 5,515,863 Series 2 Preferred Shares
John Brodylo, VP Exploration, has received 1,734,100 New Common Shares and
1,734,100 Series 2 Preferred Shares
Rick Tityk, VP Land, has received 1,050,000 New Common Shares and 1,050,000
Series 2 Preferred Shares


For further information please contact:

Questerre Energy Corporation
Jason D’Silva, Chief Financial Officer
(403) 777-1185 | (403) 777-1578 (FAX) | Email: info@questerre.com


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This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3.

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