Marksmen Energy Inc. Announces Proposed Consolidation

Core Viewpoint - Marksmen Energy Inc. plans to seek shareholder approval for a consolidation of its common shares at a ratio of one post-consolidation share for every forty pre-consolidation shares, subject to regulatory approval [1][2]. Group 1: Consolidation Details - The current number of issued and outstanding common shares is 211,398,380, which is expected to reduce to approximately 5,284,960 shares if the consolidation is completed on a 40 for 1 basis [2]. - The purpose of the consolidation is to align the outstanding common share amounts with other listed issuers on the TSX Venture Exchange, aiming to promote increased liquidity and reduced volatility in trading [2][3]. Group 2: Shareholder Meeting - The consolidation proposal will be presented to shareholders at the annual general and special meeting scheduled for February 25, 2026 [3]. - The Board believes that the consolidation will make the price per common share more attractive to future investors, while the company's name and trading symbol will remain unchanged [3]. Group 3: Additional Information - Further details regarding the consolidation are available in the management information circular dated January 14, 2026, which can be accessed on www.sedarplus.ca [4].