Early Warning Report Filed Pursuant To National Instruments 62-103

Core Viewpoint - Ian C. Peres has acquired a significant number of shares in ReSolve Energy Inc., increasing his control over the company, which may indicate a strategic move to strengthen his position as President and CEO [1][2]. Group 1: Share Acquisition Details - Ian C. Peres acquired a total of 4,805,850 common shares from Andre Proulx, the executive chairman of ReSolve [1]. - Following the acquisition, Mr. Peres holds a total of 6,105,850 shares and 600,000 incentive stock options, representing 16.7% of the issued and outstanding shares on a non-diluted basis and 18.4% on a partially-diluted basis [2]. - Prior to the transaction, Mr. Peres held 1,300,000 common shares and 600,000 incentive stock options [2]. Group 2: Changes in Mr. Proulx's Holdings - After the transaction, Andre Proulx holds 4,830,321 shares and 200,000 incentive stock options, representing 13.2% of the issued and outstanding shares on a non-diluted basis and 13.8% on a partially-diluted basis [3]. - Before the transaction, Mr. Proulx held 9,636,171 common shares and 200,000 incentive stock options [3]. Group 3: Intentions and Future Actions - Both Mr. Peres and Mr. Proulx hold their securities in ReSolve for investment purposes and may acquire or dispose of securities in the future based on market conditions [4]. - An early warning report related to the transaction will be filed by Mr. Peres and Mr. Proulx, which will be available on the Issuer's SEDAR profile [5].