Key Highlights

• Updated Geological Model Unlocks District-Scale Potential: Nutmeg Mountain is a low-sulphidation epithermal gold system, a deposit type where high-grade feeder structures commonly underlie disseminated near-surface mineralization (Figure 2). NevGold’s new geological model has identified six near-surface gold targets and three potential feeder structures through new geological mapping, Controlled-Source, Audio-Frequency Magnetotelluric (CSAMT), and gravity surveys (Figure 1, Figure 3, Figure 4, Figure 5).

• Near Surface Targets Focused On Mineral Resource Expansion: six near-surface targets have been defined combining favourable gravity and CSAMT response, which has strong correlation to the 2025 Mineral Resource Estimate (“MRE”) of 1.19 Mozs of Indicated Resources at 0.50 g/t Au (74.2 Mt) and 548 kozs of Inferred Resources at 0.34 g/t Au (49.8 Mt) (2025 MRE Disclosure in Section below).

• Feeder Targets Focused On High-Grade Discovery: three feeder targets have been defined where gravity and CSAMT inversion align (Figure 1), extending well beyond the base of historical drilling which averaged less than 75 meters depth (246 feet). In the upper 200 meters (656 feet) NevGold interprets the response as intense silicification. At depth it maps the margins of the basement volcanic fault blocks, interpreted as graben-bounding structures or major fault zones. In low-sulphidation epithermal systems, silicified fault zones of this kind commonly host the boiling zones in which high-grade gold could potentially be deposited. These targets have not been tested by historical drilling at the Project.

NevGold CEO, Brandon Bonifacio, comments: “The CSAMT and gravity surveys have transformed our understanding of the structural controls on gold at Nutmeg Mountain. Since completing our 2025 MRE, we have been focused on unlocking the district-scale potential of the Project by completing additional geological layers to refine our future targeting and drilling. This is the exact strategy that yielded immense success for us at Limo Butte over the last 12 months. With this new geological model, we have identified nine new drill targets, including three potential high-grade feeder targets extending well beyond the current MRE boundaries. Nutmeg Mountain already hosts 1.19 Moz (74.2 Mt at 0.50 g/t Au) Indicated and 548 koz Inferred (49.8 Mt at 0.34 g/t Au) of oxide heap-leachable gold that starts at surface. These results show us the structures continue deeper than historical drilling (which averaged just 75 meters depth), and laterally onto untested ground. Drilling these high-quality targets over the next 3-6 months will be a priority as we advance the Project toward a Preliminary Economic Assessment (“PEA”) in 2027. While Limousine Butte remains our flagship priority, adding top-tier personnel to our U.S. technical and operating team has expanded our internal capacity. We are now fully equipped to aggressively advance Limousine Butte while simultaneously unlocking value across our project pipeline, including Nutmeg Mountain (gold, MRE stage) and Zeus (copper porphyry exploration).”

Figure 1 – Target generation from completed CSAMT and gravity surveys. Panel A shows a plan view map of a 200 meter depth slice of apparent resistivity, with dark colors as resistive features. Panel B shows a plan view map of the 3D gravity inversion at a 500 meter depth slice, with grey and pink colors as higher density features. Panel C shows an oblique view of the 3D gravity inversion model, with grey bodies representing higher density features (>0.18 g/cc relative density). All panels show feeder targets (red numbers), near surface targets (black numbers), gold grade shells, and historical drill traces. To view image please click here

Figure 2 – Deposit model for Nutmeg Mountain (low-sulphidation epithermal deposit), adapted after Buchanan (1981) and Corbett & Leach (1997). To view image please click here

Nutmeg Mountain CSAMT Survey
The CSAMT survey comprised 12 lines totaling 38.3 line kilometers (23.8 miles) at a nominal 25-meter (82 ft) spacing, and was conducted by Zonge International of Reno, Nevada. The survey successfully defined major faults lying outside of the current drilling footprint.

The survey was successful at mapping resistivity contrasts, permitting blind geology to be modelled beneath and outboard of the drilled area. Dark colors indicate more resistive rock which could be strong silicification above 200 meters (656 feet), and a possible volcanic basement below. Silicification is a strong proxy for gold mineralization at Nutmeg Mountain (Figure 1, Panel A). The margins of these features are interpreted as fault block boundaries and are the focus of target generation. A steeply dipping, deep-seated fault system beneath the 2025 MRE forms Feeder Targets #1-3 with more than 200 meters (656 feet) of vertical offset in basement volcanic units modelled. Resistive zones along mineralized trends and outside of the historical drilling footprint form Near-Surface Targets #1-6 (Figure 1, Panel A, Panel B, Figure 3). 

Nutmeg Mountain Gravity Survey
The gravity survey covered approximately 18 square kilometers (6.9 square miles) with 819 ground stations at a nominal 150 meter (492 ft.) spacing. The survey and 3D inversion was provided by Zonge International of Reno, NV.

The 3D gravity inversion survey was successful at detecting relative density contrasts that defined geology beneath the MRE. Gray and pink indicate high relative density, interpreted as rock subjected to intense silicification or as basement volcanic packages (Figure 1, Panel B, Panel C). Under either interpretation, these bodies define fault blocks bounding the graben that hosts the Nutmeg Mountain deposit, a setting in which epithermal veins commonly form (Figure 2).

The critical finding, which the Company considers highly significant, is a steeply dipping deep-seated fault system modelled beneath the MRE revealing a body of approximately 700 meters (2,297 feet) wide with a vertical extent of approximately 500 meters (1,640 feet), lying outside the drilling footprint and forming Feeder Targets 1 and 2 (Figure 1, Panel B, Panel C). The margins of high density features are interpreted to be graben bounding structures between high density basement volcanic rocks and low density sediments/tuffs (Figure 4, Figure 5). In low-sulphidation epithermal systems, such boundaries commonly focus silicification and gold deposition (Figure 2).

Exploration Takeaways
The combination of new geological mapping, CSAMT, and gravity inversion has changed how NevGold views the Nutmeg Mountain Gold Project. Drilling to date has defined an oxide, heap-leachable MRE of 1.19 Moz (74.2 Mt at 0.5 g/t Au) Indicated and 548 koz Inferred (49.8 Mt at 0.34 g/t Au) that starts at surface (see 2025 MRE disclosure in Section below), but with an average historical hole depth of less than 75 meters (246 feet). Historical work at the Project has focused on testing the shallowest part of the system.

Two independent geophysical datasets now model structures that lie beneath and beside the MRE. Coincident high-density and high-resistivity zones define a structure extending well below the base of drilling, with more than 200 meters (656 feet) of vertical offset observed in basement volcanic units modelled across the structure (Figure 4, Figure 5). In low-sulphidation epithermal systems, structures of this magnitude and scale are the conduits along which mineralizing fluids ascend, and the zones in which boiling drives gold deposition (Figure 1, Panel C, Figure 2).

Feeder Targets 1 and 2 rank highest, defined by the structural intersection of northwest and north-south trending structures modelled in both CSAMT and gravity surveys (Figure 1, Figure 4, Figure 5). In low-sulphidation epithermal systems, such intersections host potentially higher-grade gold.

Laterally, resistive zones extend the prospective ground well beyond the historically drilled footprint. Approximately 1.6 kilometers (1.0 miles) northeast of the Northern Zone, steeply dipping flow banded rhyolite with a fine-grained black silicified matrix and spherulite development is exposed along the east Weiser River fault. The Pepper Target (near-surface Target 2) also remains undrilled (Figure 3, Figure 4, Figure 5).

Figure 3 – Generalized geological map of Nutmeg Mountain, adapted from DWM-246 (Feeney, 2025).
To view image please click here

Figure 4 – Oblique long section at Nutmeg Mountain highlighting feeder targets. To view image please click here

Figure 5 – Nutmeg Mountain long section (A-A’ looking northwest) showing sinter-capped sediment-volcanic stratigraphy, gold grade shells, gold in drilling (g/t Au) for selected drill holes, and the east Weiser River fault bounding the Pepper Target. To view image please click here

Figure 6 – Map of NevGold’s projects in Idaho and Western USA. To view image please click here

2025 Nutmeg Mountain MRE – Open-Pit, Heap-Leach (see notes below)

Notes:

1. Effective date of this mineral resource estimate is August 29, 2025.
2. All mineral resources have been estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required under National Instrument 43-101 (“NI 43-101”). The Mineral Resource Statement was prepared by Greg Mosher, P. Geo (Global Mineral Resource Services, “GMRS”) in accordance with NI 43-101.
3. Mineral Resources reported demonstrate a reasonable prospect of eventual economic extraction through additional exploration, as required under NI 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated Mineral Resources will be converted into Mineral Reserves. The potential development of the Mineral Resources may be materially affected by environmental, permitting, legal, marketing, and other relevant issues.
4. Mineral Resources are reported at a cut-off grade of 0.20 g/t Au for an open-pit mining scenario. Cut-off grades are based on a price of US$2350/oz gold, and a number of operating cost and recovery assumptions, including a reasonable contingency factor. Metallurgical recoveries of 80% were used. Densities based on lithology were assigned.
5. Ounce (troy) = metric tonnes x grade / 31.10348. All numbers have been rounded to reflect the relative accuracy of the estimate.
6. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has not been sufficient work to define these Inferred Mineral Resources as Indicated or Measured Mineral Resources. It is reasonably expected that many of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration, however, there is no assurance that further exploration will result in all or any part of the Inferred Mineral Resources being converted into Indicated Mineral Resources.
7. Tonnages and ounces in the tables are rounded to the nearest thousand and hundred, respectively. Numbers may not total due to rounding.

Qualified Person Statements
Nick Rizopoulos, P.Geo, the Company’s Chief Geologist and Greg French, CPG, the Company’s Vice President, Exploration, each a “Qualified Person” under NI 43-101 have reviewed and approved the scientific and technical information contained in this news release.

ON BEHALF OF THE BOARD

“Signed”

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-5033, or visit our website at www.nev-gold.com.

About the Company
NevGold is dedicated to discovering, de-risking, and rapidly advancing gold and critical metals projects across premier jurisdictions in Nevada and Idaho to drive shareholder value and strengthen US mineral security. The Company holds a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho. For more information, please visit www.nev-gold.com.

Please follow @NevGoldCorp on Twitter, Facebook, LinkedIn, Instagram, and YouTube.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward looking statements in this news release include statements with respect to future exploration potential at Nutmeg Mountain, the Company’s future exploration plans with respect to the Project, the intention to complete an updated MRE and a PEA and the timeline for completion. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, which include the dangers inherent in exploration, development and mining activities; the uncertainty of mineral resource estimates; not achieving an updated MRE, a PEA and other exploration goals or estimates; actual exploration or development plans and costs differing materially from the Company’s estimates; obtaining additional financing from time-to-time to continue operations; compliance with government regulation; stock market volatility that may adversely affect the price of the Company’s securities; and the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Hosted by BizClik, the event features industry-leading figures from global enterprises including McDonald’s, IBM, Accenture, Siemens, WPP, Pearson and Wise. Sessions span strategic leadership, AI-driven marketing, sustainable finance, workforce readiness, and agile capital allocation.

The summit offers unparalleled access to senior decision-makers and includes dedicated networking breaks, panel discussions, keynote addresses, and interactive workshops designed to foster collaboration and knowledge exchange.

Two days of executive-level content

Day one focuses on leadership and strategy, opening with a panel featuring Kate Adams, Non-Executive Director at ParalympicsGB, alongside sessions on AI in marketing and data-driven people strategy. Alex Snelling, Chief People Officer at McDonald’s, delivers the opening keynote address, while dedicated summits for CHROs and CFOs provide role-specific insights. James Murnieks, Chief Financial Officer UK&I at Siemens, joins a panel on financing a sustainable future, while additional sessions cover change management and the evolving CEO agenda.

Day two centres on operational excellence and future readiness, with summits dedicated to CFOs, CMOs, and AI-ready workforce development. Rafael Sueiro, EVP and Global Chief Financial Officer at Radisson Hotel Group, addresses agile capital allocation, while Jonathan Wright from IBM explores productivity transformation. Lisette Danesi, Global Chief People Officer, Corporate Functions at WPP, joins a panel discussing the AI-ready workforce. Additional sessions cover early career acceleration in an AI-infused world, with the programme concluding with forward-looking panels on people strategy and ecosystem innovation.

Building leadership for an AI-driven future

Discussing her upcoming appearance at the summit, Lisette Danesi says: “I’m very excited to join this event. While every organisation is on its own AI journey, our universal challenge remains: how to truly embed AI while keeping humans – the heart of our businesses – at the forefront.”

The CXO Summit addresses the most pressing challenges facing executive teams in 2026. As organisations balance AI adoption with human-centred leadership, manage economic uncertainty, and reimagine workforce strategies, the event provides a forum for peer-to-peer learning and practical guidance. The summit provides executives with a space for collaboration, strategy and education within the diverse B2B space, serving as a skill-sharing ecosystem both for leaders early on in their careers and for industry veterans looking to explore new avenues of growth.

Key details

Date: 7-8 October 2026

Location: 155 Bishopsgate, London

Get your tickets here

About BizClik

BizClik is a global B2B media and events company producing sector-specific content across technology, sustainability, procurement, fintech, AI, and more. Through digital magazines, websites, newsletters, webinars, and award-winning events, BizClik connects enterprise leaders with executive audiences to drive strategic business engagement.

For more information, visit: www.bizclikmedia.com

Media Enquires

Beckie Jordan, Head of Events Communications, rebecca.jordan@bizclikmedia.com

Winnipeg, MANITOBA, Sept. 28, 2026 (GLOBE NEWSWIRE) — Mint Ops, the Canadian dental business services company behind the MaxiDent practice management platform, today announced that it has become an official reseller of Coro, a leading cybersecurity platform provider purpose-built for organizations with lean IT teams. The offering is available immediately to dental practices across Canada through the Mint Ops Software division.

A dental clinic holds health records, banking details, and personal information for thousands of patients. Full protection for that data typically requires five or six separate programs or vendors – email security, endpoint protection, cloud app monitoring, staff security training, and data compliance monitoring. Almost no clinic runs them all; most run one or two, and in most practices no single person owns security at all. The result is that compliance gaps are not the exception in Canadian dentistry – they are the default.

Coro consolidates those functions into a single cybersecurity platform with one dashboard, monitoring email, devices, cloud applications, and data, and resolving routine security events automatically. What reaches the clinic is the short list of items that genuinely require a human decision – reviewed by the person accountable for privacy at the practice. The platform is designed to inform the owner or privacy officer’s accountability, not replace it.

“Nobody opens a dental practice because they want to manage five security vendors,” said Alex Zlatin, CEO of Mint Ops. “Ask a clinic who runs their marketing and someone raises a hand. Ask who owns security and the room goes quiet. Before we agreed to sell Coro, we put it to work on our own company – our servers, our file systems, our remote team – and held it to the same standard any clinic should hold us to. That’s the bar for anything that joins this ecosystem.”

Mint Ops provides first-line support for all Coro clients, backed by Coro’s engineering team, and offers two packages under Coro’s official names – Coro AI Essentials and Coro AI Complete – priced per user and prepaid annually, with no minimum user count. The Complete package adds security awareness training for clinic staff and health data compliance monitoring, two capabilities directly relevant to the requirements dental practices increasingly face from regulators and insurers. Consistent with Mint Ops’ practice across its software division, pricing is published openly on its website – an approach no other vendor in the Canadian dental space takes.

Coro protects more than 200,000 users worldwide, holds an AAA rating from SE Labs, and has been named to the Deloitte Technology Fast 500.

“Dental practices are healthcare providers holding some of the most sensitive data there is, yet they have long been underserved by the security industry,” said Joe Sykora, CEO at Coro. “We’re glad to partner with Mint Ops – a known and trusted brand in the Canadian dental industry – to help clinics strengthen compliance and reduce the risk of cyber incidents.”

Full package details and pricing are available at mintops.ca/software/cybersecurity.

About Mint Ops

Mint Ops (Continental Assets Ltd.) is a Canadian dental business services company built to address every dimension of running a dental clinic as a business. Its five divisions – Software, Remote Administration, Marketing, Recruitment, and Transition Consulting – have grown from MaxiDent, the practice management platform that has served Canadian dental practices since 1978. Learn more at mintops.ca.

About Coro

Coro is a leading workspace cybersecurity platform provider built for Lean IT teams and MSPs. Coro consolidates endpoint, email, cloud, network, identity, and data protection — along with security awareness training, and cloud backup — into one unified platform. Driven by a single AI agent and a centralized dashboard, Coro automatically remediates threats, eliminating the complexity, overhead, and alert fatigue associated with fragmented security stacks. By automatically detecting and remediating security threats, Coro enables organizations to scale security efficiently and sustainably without increasing operational overhead. Find out more: www.coro.net 

Media contact

Public Relations, Mint Ops

info@mintops.ca

1-800-663-7199

Jonelle Elam, Corporate Communications Director at Coro

Jonelle.hester@coro.net

Press Inquiries

Alex Zlatin
alex [at] mintops.ca
800-663-7199
https://mintops.ca
4-1761 Wellington Avenue, Winnipeg MB, R3H 0G1

Proposed Transaction

As previously disclosed, Orca entered into a Sale and Purchase Agreement with Taifa Gas Tanzania Limited (“Taifa”) and Amber Energy Investment L.L.C-FZ (“Amber”) pursuant to which Orca agreed to sell all of the outstanding shares of PAE PanAfrican Energy Corporation (“PAEM”), Orca’s Mauritian holding subsidiary through which Orca indirectly owns PanAfrican Energy Tanzania Limited (“PAET”). Upon closing of the Proposed Transaction, Taifa will acquire 49% of PAEM and Amber will acquire 51%.

The Proposed Transaction remains subject to the receipt of the required approvals and other closing conditions.

Songo Songo Licence and Operations

PAET’s Songo Songo Development Licence is scheduled to expire on October 10, 2026. Certain gas supply contracts associated with Songo Songo operations are also scheduled to expire on that date. PAET has advised customers, the Tanzania Petroleum Development Corporation (“TPDC”), and relevant regulatory authorities that uncertainty remains regarding whether the Proposed Transaction will complete prior to the licence expiry date.

PAET has communicated that two principal outcomes presently exist:

• completion of the Proposed Transaction and continuation of operations under new ownership; or
• cessation of PAET’s operation of the Songo Songo field and associated infrastructure following licence expiry, with transition activities undertaken in consultation with TPDC and applicable regulatory authorities.

In light of the uncertainty surrounding timing and regulatory approvals of the Proposed Transaction, PAET has recommended that TPDC, customers, and other stakeholders immediately advance transition planning activities, including operational familiarization and asset-mapping exercises, to facilitate an orderly transfer of responsibilities should the Proposed Transaction not complete before October 10, 2026.

The Company continues to support efforts to achieve an orderly outcome that maintains continuity of operations and natural gas supply.

Withdrawal of Swala Arbitration Claims

The Company has been advised that Swala Oil & Gas (Tanzania) Plc (in liquidation) and Swala UK Operations Limited (together, “Swala”) have formally withdrawn all claims, allegations, demands and causes of action asserted against Orca, PAEM, and PAET in the arbitration proceedings disclosed by the Company on February 27, 2026.

The arbitral tribunal has acknowledged receipt of the withdrawal by Swala and related correspondence. The Company and its counsel are assessing the procedural consequences of the withdrawal, including the Company’s request that the tribunal proceed to determine outstanding matters arising from the arbitration.

About Orca Energy Group Inc.

Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.

Forward-Looking Information

This news release contains forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities legislation. All information, other than historical fact included in this news release, which address activities, events or developments that Orca expects or anticipates to occur in the future, are forward-looking information. Forward-looking information often contains terms such as may, will, should, anticipate, expect, continue, estimate, believe, project, forecast, plan, intend, target, outlook, focus, could and similar words suggesting future outcomes. More particularly, this news release contains, without limitation, forward-looking information pertaining to the following: the expiration of the Songo Songo Development Licence and associated contracts, the potential outcomes communicated by PAET following the expiration of the Songo Songo Development Licence, the Company’s expectation to continue to engage with the TPDC and other stakeholders in relation to the Songo Songo Development Licence and associated contracts, the anticipated results of the Proposed Transaction, the completion of the Proposed Transaction and the timing thereof, the receipt of regulatory approvals and satisfaction of closing conditions of the Proposed Transaction, the potential cessation of PAET’s operation of the Songo Songo field and associated infrastructure, the potential continued operation of the Songo Songo field following the completion of the Proposed Transaction, transition activities for the Songo Songo field and associated infrastructure subsequent to the licence expiry, and the potential outcomes of the withdrawal of all claims by Swala in the arbitration proceedings.

Such forward-looking information is based on certain assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate in the circumstances, including, but not limited to: the value, costs, and liabilities associated with the Songo Songo field and associated infrastructure and the Company and shareholders’ exposure thereto; that the outcomes communicated by PAET regarding the expiration of the Songo Songo Development Licence are likely and reasonable; the ability of the Company to continue its operating activities subsequent to the expiration of the Songo Songo Development Licence and associated contracts; the current status of the Company’s relationship with the TPDC and other stakeholders; the ability of the Company, Taifa, and Amber to satisfy the closing conditions of the Proposed Transaction; the receipt of regulatory approvals for the Proposed Transaction; the actions of the arbitral tribunal resulting from Swala’s withdrawal from the arbitration proceedings; the anticipated supply and demand of natural gas are in line with the Company’s expectations; that the Company will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; availability of skilled labor; effects of regulation by governmental agencies; current or, where applicable, proposed industry conditions, laws and regulations will continue in effect or as anticipated as described herein; and other matters.

Actual results may differ materially from those anticipated in the forward-looking information. Risks and uncertainties that could cause actual results to differ materially include, without limitation: the risk that the Songo Songo Development Licence and associated contracts expire prior to completion of the Proposed Transaction; uncertainty regarding the operating environment of PAET and continued operation of the Company subsequent to the expiry of the Songo Songo Development Licence and associated contracts; that the TPDC and other stakeholders may not continue to engage with the Company regarding the Songo Songo Development Licence and associated contracts; that the outcomes communicated by PAET regarding the expiry of the Songo Songo Development Licence are not the only outcomes; that the satisfaction of closing conditions and receipt of regulatory approvals of the Proposed Transaction may require commercial concessions or other arrangements that are unacceptable to one or more of the parties to the Proposed Transaction; the risk that the Proposed Transaction is not completed on terms anticipated or at all; uncertainties regarding actions of the arbitral tribunal following Swala’s withdrawal from the arbitration proceedings; occurrence of circumstance or events which significantly impact the Company’s cash flow and liquidity and the Company’s ability cover its long-term and short-term obligations or fund planned capital expenditures; the impact of general economic conditions in the areas in which the Company operates; civil unrest; changes in laws and regulations including the adoption of new laws and regulations; availability of qualified personnel or management; fluctuations in commodity prices, foreign exchange or interest rates; risks associated with negotiating with foreign governments; and risks and uncertainties associated with oil and gas operations. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it cannot guarantee future results and performance or achievement since such expectations are inherently subject to significant business, economic, operational, competitive, political and social uncertainties and contingencies.

The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT: For further information please contact: Jay Lyons Chief Executive Officer +44 (0)20 8434 2754 ir@orcaenergygroup.com David W. Ross Chair and Non-Executive Director +1 (403) 830-2455 dross7915@gmail.com For media enquiries: Celicourt (PR) Mark Antelme Orca@celicourt.uk +44-20 8434 2643 

In recent years, Fingrid’s operating costs have increased significantly as a result of the growth of the power system and changes in the electricity production structure. At the same time, revenue from main grid service fees has not grown at a corresponding rate, as the fees are primarily determined by electricity consumption. Electricity consumption is expected to grow significantly in the coming years, but the grid investments needed to enable this growth must be made in advance. Connection agreements enabling increased electricity consumption have already been concluded at an accelerating pace, which has increased grid connection fee revenues and at the same time curbed the need to increase the electricity transmission fees included in main grid service fees.

The increase in costs is driven by an extensive investment programme aimed to proactively meet the needs of main grid customers while creating the conditions for industrial and clean energy investments and strengthening Finland’s competitiveness. Fingrid’s grid investments have already enabled the rapid transformation of the power system, including the connection of more than 13,000 megawatts of clean electricity generation to Finland’s power system. At the same time, new consumption amounting to over 8,000 megawatts is connecting to Finland’s power system as a result of connection agreements already concluded.

The costs of main grid operations are also increased by the geographic separation of electricity production and consumption, which increases the need for electricity transmission and transmission losses in the grid.

The increase now being made applies only to the main grid service fee, i.e. electricity transmission pricing.

Moderate impact on household electricity bills

The impact of the increase in main grid service fees on household electricity bills is moderate. Main grid service fees account for approximately 3 per cent of the total electricity bill price, so the impact of the increase on household electricity bills is approximately 0.1 per cent. The electricity bill consists of the price of electricity energy, electricity transmission and taxes. Of the total amount, electricity energy accounts for approximately 40 per cent, electricity transmission for approximately 30 per cent, and taxes for approximately 30 per cent.

Further information:
Jussi Jyrinsalo, Executive Vice President, Customers and Grid Planning, Fingrid Oyj, tel. +358 30 395 5118

Emails are in the format firstname.lastname@fingrid.fi

Read more:
Main grid contract and service fees 
Main grid service fees 2027

SINGAPORE, Sept. 28, 2026 (GLOBE NEWSWIRE) — KAYTUS today introduced OEM AI Managed Service, providing integrated hardware maintenance and technical support for AI data centers (AIDCs) and hyperscale clusters. The service combines locally stocked critical replacement components, factory-grade diagnostic and repair capabilities, and certified field service engineers onsite to complete complex hardware repairs in as little as four hours. KAYTUS field operations data indicates that this onsite delivery model reduces hardware recovery time by more than 30% relative to generally available industry service levels, with an average end-to-end incident resolution time of 12 hours per failed node.

This launch addresses the operational demands of AI infrastructure as it transitions from rapid deployment to sustained, reliable production. Gartner projects global AI spending to reach $2.67 trillion in 2026, including approximately $1.48 trillion allocated to AI infrastructure. As clusters scale to thousands of accelerators, hardware failures become an inherent operational challenge, making system availability and recovery time critical service-level agreement (SLA) indicators. Streamlined fault isolation, hardware remediation, and service restoration help preserve schedulable computing capacity and sustain workload continuity.

1. Beyond Deployment: Sustaining Operational Reliability.

Meta’s technical report on Llama 3.1 405B highlights the operational challenges of AI training at scale. During 54 days of pretraining on a cluster of 16,384 GPUs, the system recorded 419 unexpected interruptions, averaging one every three hours. Approximately 78% were attributed to confirmed or suspected hardware failures.

A study presented at SOSP 2025 documented more than 44,000 incidents across over 778,000 training jobs during three months of operation on a large production LLM training platform. These findings underscore the importance of rapid fault detection and recovery in preserving compute availability and sustaining productive capacity as AI data centers scale.

Uptime Institute’s 2026 outage analysis found that 57% of respondents reported costs exceeding $100,000 for their most recent major outage, while one in five reported losses above $1 million. Some compute leasing agreements impose compensation of up to 25% of the monthly rental fee for major SLA breaches. For compute providers, hardware failures compound financial exposure through lost revenue, contractual compensation, continued asset depreciation, and disruption to customer operations.

A smart and effective maintenance strategy is therefore essential to AI data center operations. The time required to restore service directly affects the loss of productive compute capacity during each incident.

2. The Limits of Traditional Maintenance Models.

Modern AI data centers operate at rack power densities exceeding 40 kW, with tightly integrated compute, networking, and cooling infrastructure. A single node failure can disrupt customer AI workloads. These demanding operating conditions, characterized by dense infrastructure and sustained resource utilization, expose several limitations of conventional maintenance models:

• Extended Spare Parts Lead Times: AI data centers deploy heterogeneous hardware with diverse component specifications and configurations. Sourcing critical replacement parts from regional warehouses or transferring inventory between regions can extend delivery times to several days, delaying hardware recovery.

• Prolonged Factory Repair Cycles: Complex node failures may require offsite diagnostics and repair at a factory equipped with specialized tools. Transportation and service queue delays extend node downtime, reducing available compute capacity and increasing exposure to SLA breaches.

• Increased Diagnostic Complexity: AI clusters integrate complex network topologies, dense compute infrastructure, and liquid or air-cooling systems. Faults spanning these domains can prolong diagnosis for conventional operations teams, while remote support alone cannot fully replace specialized onsite expertise.

Together, these maintenance constraints can extend node recovery to 48 hours or more. For compute infrastructure billed by the hour, prolonged downtime directly translates into lost revenue.

3. AI Managed Service: OEM Expertise Delivered Onsite.

KAYTUS AI Managed Service addresses these maintenance gaps by bringing OEM engineering expertise, repair infrastructure, and incident response capabilities directly to AI data centers and hyperscale compute clusters. Built around five core service components, this onsite model delivers measurable service commitments and more predictable recovery times:

• Customized Lifecycle Maintenance: KAYTUS evaluates each customer’s infrastructure and operational requirements to deliver tailored OEM hardware maintenance throughout the equipment lifecycle, supporting both standard deployments and technically complex environments.

• Onsite Critical Spares Inventory: KAYTUS stocks essential replacement hardware, including compute nodes, network switches, and high bandwidth network interface cards (NICs), within the customer’s data center. Immediate access eliminates external dispatch delays and enables hardware repairs in as little as four hours.

• Onsite OEM Diagnostics and Repair: KAYTUS deploys factory diagnostic equipment and specialized repair tools directly at customer sites, enabling engineers to diagnose and repair individual components and complete nodes without returning systems to the factory. In customer deployments, this approach has reduced average incident handling time to 12 hours per failed node, from initial assessment through repair completion.

• Around-the-clock Certified Engineering Support: Under applicable service tiers, engineers certified by the OEM provide continuous 24/7 onsite coverage, backed by dedicated Tier 2 specialists, who respond to unexpected incidents within minutes.
• AI Assisted Failure Prediction and Proactive Inspections: Scheduled health assessments and intelligent failure prediction use AI to detect early signs of hardware degradation, enabling preventive maintenance before service disruptions occur, and reducing reliance on reactive repairs.

“The value of a compute asset is not defined by its scale on day one, but by how reliably it delivers capacity hour after hour throughout its operational lifecycle. KAYTUS AI Managed Service turns hardware recovery from an uncertain wait into a measurable service commitment.”
— Caesar, Head of Services, KAYTUS.

4. Proven in Production: Lower Downtime and SLA Risk for Global CSP.

KAYTUS AI Managed Onsite Service delivered the following operational results at a leading global cloud service provider’s AI data center, supporting more than 100 racks and thousands of accelerators:

AI Managed Service is expanding globally, with current coverage in key European markets, including the United Kingdom, Germany, France, the Netherlands, Finland, Poland, and Iceland, as well as Japan and South Korea in the Asia Pacific region. Deployment models and service levels can be tailored to each customer’s infrastructure scale and operational needs. Service procedures are designed to support local compliance obligations, including applicable GDPR requirements.

Modern AI infrastructure delivers lasting value through sustained performance and reliable service. KAYTUS AI Managed Service can integrate with KAYTUS’s KSManage intelligent operations platform, combining onsite OEM expertise with operations management powered by AI, to improve operational predictability, and support measurable service levels that can be formalized in contractual commitments.

Learn more at: https://www.kaytus.com/about/contact/

About KAYTUS

KAYTUS is a leading provider in AI infrastructure and liquid cooling solutions, delivering a diverse range of innovative, open, and eco-friendly products for cloud, AI, edge computing, and other emerging applications. With a customer-centric approach, KAYTUS is agile and responsive to user needs through its adaptable business model. Discover more at KAYTUS.com and follow us on LinkedIn and X.

Media Contacts: media@kaytus.com