ZenaTech's DaaS Oil and Gas Business Enters a Strengthened Market with Higher Oil Prices and More Than US$500 Billion in Expected Canadian Energy Investment Over the Next Decade

VANCOUVER, British Columbia, July 30, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, provides an update on its energy sector field services operations in Western Canada. The Company’s recent acquisition, Velocity Geomatics, providing drone-based regulatory and environmental surveys to oil and gas producers, is entering a strengthened market with recent oil price increases of over 45% in the second quarter versus the same period last year, alongside Canada's oil and gas industry expected to attract more than US$500 billion in investment over the next decade.

“Our Drone as a Service business is a field services business that follows customer activity–when producers in Alberta, British Columbia, and Saskatchewan have more cash flow, they drill more wells,” said Shaun Passley, Ph.D., Chairman and Chief Executive Officer of ZenaTech. “Higher oil prices are improving cash flow for producers today, supporting drilling, infrastructure, reclamation and environmental compliance work that drives demand for our surveying and inspection services. Looking ahead, we also believe current trends and strong forecasts for continued investment in Canada's energy sector will provide a long-term tailwind to expand our Drone as a Service business in Canada as well as globally. Approximately 80% of Velocity's current projects already utilize drone-based workflows, providing an established platform along with an established customer base to further scale our drone-enabled services.”