Rev Exploration completes Sweet Grass purchase

Executive Summary

• Rev Exploration Corp. completed the acquisition of 100% of certain oil and gas leasehold interests in Montana from a publicly listed helium company, expanding its exploration footprint to approximately 19,000 acres.
• The transaction includes the creation of a U.S. subsidiary, REV Exploration USA, Inc., to hold the new American assets, positioning Rev in the Northern Great Plains helium-producing corridor.
• The acquisition was funded via $250,000 USD in cash and the issuance of 551,876 common shares, while the company also entered into a new advisory agreement and granted stock options to consultants.

Key Details

• Acquisition Target: 100% of certain oil and gas leasehold interests in Montana, specifically in the Sweet Grass Hills corridor.
• Transaction Consideration:
  • Cash: $250,000 (U.S.).
  • Equity: 551,876 common shares of Rev Exploration Corp.
  • Deemed Share Price: $0.74 per share.
• Strategic Impact:
  • Expands Rev's total exploration footprint to approximately 19,000 acres.
  • Includes the Aden Dome project along the Alberta-Montana border, described as an advanced drill-ready target for helium and natural hydrogen.
  • Establishment of REV Exploration USA, Inc., incorporated in Montana, to hold U.S. assets.
• Advisory Agreement:
  • Entered into an agreement with Hampton Securities Ltd. dated Feb. 13, 2026.
  • Engagement period: 60 days.
  • Fee: $100,000 plus applicable taxes.
  • Non-exclusive arrangement with an arm's-length advisor.
• Stock Option Grant:
  • Issued 300,000 stock options to consultants.
  • Grant Date: March 13, 2026.
  • Exercise Price: $0.65 per option.
  • Vesting: According to the company's stock option plan.
• Company Context:
  • Rev is a significant shareholder (approx. 5% or 6 million shares) of MAX Power Mining Corp., which recently made Canada's first-ever drilling discovery of natural hydrogen in Saskatchewan.

Notable Quotes

• Jordan Potts, CEO: "Timing of this acquisition could not be better given the substantial recent move in helium prices. We're strong believers in the long-term outlook for the helium and natural hydrogen sectors and how they will play an increasingly important role in terms of energy security moving forward."
• Shayne Neigum, VP-Exploration: "REV's technical team is actively evaluating available 2-D and 3-D seismic datasets across its new Montana acreage while also assessing the potential to acquire its own proprietary 2D and 3D seismic in the area. This work is focused on refining the company's understanding of subsurface structures and identifying high-priority targets to support future helium and Natural Hydrogen exploration drilling in the near-term."