ORBIT GARANT ANNOUNCES NORMAL COURSE ISSUER BID

Executive Summary

• Orbit Garant Drilling Inc. received TSX approval to commence a new NCIB Program, allowing the purchase of up to 500,000 common shares (≈1.3% of outstanding shares) over a 12‑month period starting Oct 31 2025.
• The program includes an automatic securities purchase plan to enable purchases during periods normally restricted by blackout rules.
• Shares repurchased under the NCIB will be cancelled, reducing share count and potentially enhancing shareholder value.

Key Details

• Program Scope: Up to 500,000 common shares (≈1.3% of 37,899,840 outstanding shares).
• Duration: Commences Oct 31 2025; terminates Oct 30 2026.
• Purchase Limits: Daily purchases capped at 10,050 shares (25% of average daily volume of 40,203 shares for the prior six months).
• Pricing: Purchases will be made at the prevailing market price on the day of each transaction.
• Cancellation: All repurchased shares will be cancelled, reducing total share count.
• Automatic Purchase Plan: Established with designated broker to facilitate purchases during self‑imposed blackout periods; company may elect to suspend or discontinue the NCIB at any time.
• Prior NCIB Program (Oct 31 2024 – Oct 30 2025): Authorized up to 1,868,637 shares; expired Oct 30 2025.
• Prior Program Activity: 68,916 shares repurchased at a weighted‑average price of CAD $0.82 per share.

Notable Quotes

(No direct quotes provided in the release.)