Metatek Announces Intention to Launch Share Buyback Program Under NCIB

About this update from Metatek-group Ltd.

Calgary, Alberta--(Newsfile Corp. - July 14, 2026) - Metatek-Group Ltd. (TSX: MTEK) ("Metatek" or the "Company") announces that its Board of Directors has approved the filing of an application to the Toronto Stock Exchange ("TSX") to launch a Normal Course Issuer Bid ("NCIB"). Subject to TSX approval, the Company intends to repurchase up to 2,461,323 common shares, representing approximately five percent of its outstanding common shares, the maximum permitted over a twelve-month period under the policies of the TSX. The Board of Directors believes that, from time to time, the market price of the Company's common shares may not fully reflect their underlying value and future prospects. Accordingly, the Board believes that the NCIB represents an appropriate use of the Company's available financial resources and forms part of the Company's ongoing commitment to enhancing shareholder value. Dr. Mark Davies, Chief Executive Officer of Metatek, commented: "The proposed NCIB reflects our confidence in Metatek's long-term outlook and commitment to disciplined capital allocation. We believe our technology platform, contract portfolio and growth opportunities are not fully reflected in our current market valuation. The NCIB would provide an opportunity to create long-term value for shareholders while maintaining the financial flexibility required to support the continued growth of our business." Additional details regarding the commencement date, term and other conditions of the NCIB will be announced following receipt of all required approvals. About Metatek Metatek is a United Kingdom-based 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 that rely solely on invasive or slow-moving technologies such as seismic surveys, Metatek delivers rapid data acquisition, processing and scientific interpretation across air, land, and sea environments. Metatek supports national energy security and fast-tracking of 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. To learn more, please visit: www.metatek-group.com . For further information: Investor Relations Dennis Fong (416) 283-9930 [email protected] Media Relations Oliver Chesher or Hannah Martland Phone: +44 161 302 0671 Email: [email protected] Email: [email protected]

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