Acceleware Ltd. Reports Second Quarter 2026 Financial and Operating Results

Calgary, Alberta--(Newsfile Corp. - August 28, 2026) - Acceleware® Ltd. (TSXV: AXE) ("Acceleware" or the "Company"), today announced its financial and operating results for the three and six months ended June 30, 2026 (all figures are in Canadian dollars unless otherwise noted). This news release should be read in conjunction with the Company's unaudited interim condensed financial statements and the accompanying notes for the three and six months ended June 30, 2026, and management's discussion and analysis ("MD&A") thereto, together with the audited financial statements for the year ended December 31, 2025, notes and MD&A thereto, all of which are available on Acceleware's website at www.acceleware.com or on www.sedarplus.ca.

HIGHLIGHTS * Acquired 35 net sections of heavy oil assets located in the Mannville Stack in Saskatchewan on June 1, 2026 including 16 barrels of oil per day ("bopd") of working interest production. * Submitted two enhanced oil recovery applications with the Saskatchewan Ministry of Energy and Resources for the commercial deployment of RF XL 2.0. * Completed a milestone in the Phase 3A IMII potash dryer prototype and received $65 thousand payment which is recorded as deferred revenue. Deferred revenue will be recognized when all contract performance obligations are met. * Subsequent to June 30, 2026: * executed an agreement with Clean Resource Innovation Network ("CRIN") securing up to $2 million in non-dilutive funding for RF XL 2.0 demonstration in Saskatchewan. * completed a further milestone in the Phase 3A IMII potash dryer prototype and received a further $65 thousand payment. * signed a feasibility contract with a major international mining company applying RF heating to a critical mineral process. The contract amount is US$202 thousand, and the Company has received US$101 thousand to date.