(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - November 20, 2025) - Altima Energy Inc. (TSXV: ARH) (OTC Pink: ARSLF) ("Altima" or the "Company") The Company and its auditors continue to work on completing its audited annual financial statements, management's discussion and analysis, in addition to its NI 51-101 disclosure for the year ended February 28, 2025, the first quarter ended May 31, 2025 and the second quarter ended August 31, 2025 (the " Financial Statements "). While there have been delays due to technical issues relating to the new integration of an industry system software used for reporting production and financial information, the Company feels it has made significant progress in finalizing the integration of all documents and information necessary to complete the audit; the technical experts believe that these issues will be resolved soon. However, as a result of these continued delays, the cease trade order (News Release, September 7, 2025) remains in effect and the Company's securities remain suspended by the TSX Venture Exchange until the Financial Statements have been filed.

October Oil and Gas Production Results
The Company also reports that in the month of October it produced from its new and existing assets, collectively, Red Earth, Richdale, and Chambers Ferrier field, a total production of 6359.19 BOE (1,012.79 m3) of which 82.9% was oil. The Company continues to build on the progress made with further efforts planned for a winter workover program is underway to increase production in both, its Red Earth Assets and its Richdale fields.

About Altima Energy Inc.
Altima Energy is a Vancouver-headquartered oil and gas exploration and production company with a strategic focus on unlocking the potential of hydrocarbon assets across North America. Committed to efficient resource development, Altima combines cutting-edge technology and industry expertise to drive operational excellence and deliver sustainable growth. With a focus on long-term value creation, Altima is dedicated to enhancing returns for its shareholders while maintaining a disciplined approach to asset management.

ON BEHALF OF THE BOARD

SIGNED: "Richard Barnett"

MENAFN20112025004218003983ID1110376917