Metatek Signs Follow-On Contract and Additional Contract in Central Asia

About this update from Metatek-group Ltd.

Calgary, Alberta--(Newsfile Corp. - July 17, 2026) - Metatek-Group Ltd. (TSX: MTEK) ("Metatek" or the "Company"), the exclusive global provider of Enhanced Full Tensor Gravity Gradiometry ("eFTG") and Digital Full Tensor Gravity Gradiometry ("dFTG"), today announced that it has been awarded a second multi-disciplinary airborne data acquisition, processing and interpretation contract by the State Oil Company of the Azerbaijan Republic ("SOCAR"). The award follows the successful completion of a smaller test survey program for SOCAR in 2025. Metatek has also secured a new multi-disciplinary airborne data acquisition contract with a Canadian energy company operating in Azerbaijan. Data acquisition for both projects is expected to take place during the third quarter of 2026. "This contract represents a repeat engagement with a government customer in Azerbaijan, following the successful execution of a smaller test program last year," said Dr. Mark Davies, CEO of Metatek. "It reflects the strength of our technology and the expertise of our survey, processing and interpretation teams, whose delivery of high-quality results has earned the confidence of our client and led to this expanded mandate." "The addition of a second contract with a Canadian energy company operating in Azerbaijan further demonstrates the versatility of our technology and the value it delivers across multiple resource sectors," added Dr. Davies. "Together, these projects establish a meaningful body of work in the region, strengthen our presence in Central Asia and create opportunities to build long-term customer relationships." Highlights: About Metatek Metatek ( www.metatek-group.com ) 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 delivers rapid data acquisition, processing and scientific interpretation across air, land, and sea environments.

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