Pason Systems Inc. Announces Renewal of Normal Course Issuer Bid

FOR IMMEDIATE RELEASE

CALGARY, Alberta (December 17, 2024) – Pason Systems Inc. (“Pason”) (TSX: PSI) (OTC: PSYTF) is pleased to announce that the Toronto Stock Exchange ("TSX") has accepted Pason’s Notice of Intention to commence a normal course issuer bid ("2025 NCIB"). The 2025 NCIB effectively renews the existing normal course issuer bid, which started on December 20, 2023 and is scheduled to end on December 19, 2024 (“2024 NCIB”). The 2025 NCIB will commence on December 20, 2024 and will terminate on December 19, 2025 or such earlier time as the 2025 NCIB is completed or terminated at the option of Pason.

Under the 2024 NCIB, Pason had received approval from the TSX to purchase for cancellation up to a maximum of 7,949,888 common shares of Pason ("Common Shares"), representing approximately 10% of the public float of Common Shares outstanding as at December 12, 2023. As of December 11, 2024, Pason had repurchased and cancelled 555,700 Common Shares under the 2024 NCIB through facilities of the TSX and/or other Canadian designated exchanges and Canadian alternative trading systems ("Other Marketplaces") for $8.66 million, at an average purchase price of approximately $15.59 per share.

Pason Reports Third Quarter 2024 Results and Declares Quarterly Dividend

FOR IMMEDIATE RELEASE

CALGARY, Alberta (November 7, 2024) – Pason Systems Inc. ("Pason" or the "Company") (TSX:PSI) announced today its 2024 third quarter results and the declaration of a quarterly dividend. The following news release should be read in conjunction with the Company's Management Discussion and Analysis ("MD&A"), the unaudited Condensed Consolidated Interim Financial Statements and related notes for the three and nine months ended September 30, 2024, as well as the Annual Information Form for the year ended December 31, 2023. All of these documents are available on SEDAR+ at www.sedarplus.ca.

Pason to Release 2024 Third Quarter Results on November 7, 2024

FOR IMMEDIATE RELEASE

CALGARY, Alberta (October 3, 2024) – Pason Systems Inc. (TSX: PSI) (“Pason”) intends to release its 2024 third quarter results after the markets close on Thursday, November 7, 2024. Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2024 third quarter results at 9:00 a.m. (MT) on Friday, November 8, 2024. The conference call dial-in numbers are 1-888-510-2154 or 1-437-900-0527, and the call will be simultaneously audio webcast via: www.pason.com/webcast. You can access the fourteen-day replay by dialing 1-888-660-6345 or 1-289-819-1450, using password 06411#. An archived audio webcast of the conference.

Pason Reports Second Quarter 2024 Results and Declares Quarterly Dividend (2)

FOR IMMEDIATE RELEASE

CALGARY, Alberta (August 7, 2024) – Pason Systems Inc. ("Pason" or the "Company") (TSX:PSI) announced today its 2024 second quarter results and the declaration of a quarterly dividend. The following news release should be read in conjunction with the Company's Management Discussion and Analysis ("MD&A"), the unaudited Condensed Consolidated Interim Financial Statements and related notes for the three and six months ended June 30, 2024, as well as the Annual Information Form for the year ended December 31, 2023. All of these documents are available on SEDAR+ at www.sedarplus.ca.

Pason Reports Second Quarter 2024 Results and Declares Quarterly Dividend

FOR IMMEDIATE RELEASE

CALGARY, Alberta (August 7, 2024) – Pason Systems Inc. ("Pason" or the "Company") (TSX:PSI) announced today its 2024 second quarter results and the declaration of a quarterly dividend. The following news release should be read in conjunction with the Company's Management Discussion and Analysis ("MD&A"), the unaudited Condensed Consolidated Interim Financial Statements and related notes for the three and six months ended June 30, 2024, as well as the Annual Information Form for the year ended December 31, 2023. All of these documents are available on SEDAR+ at www.sedarplus.ca.

Pason to Release 2024 Second Quarter Results on August 7, 2024

FOR IMMEDIATE RELEASE

CALGARY, Alberta (July 3, 2024) – Pason Systems Inc. (TSX: PSI) (“Pason”) intends to release its 2024 second quarter results after the markets close on Wednesday, August 7, 2024. Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2024 second quarter results at 9:00 a.m. (MT) on Thursday, August 8, 2024. The conference call dial-in numbers are 1-888-664-6383 or 1-416-764-8650, and the call will be simultaneously audio webcast via: www.pason.com/webcast. You can access the fourteen-day replay by dialing 1-888-390-0541 or 1-416-764-8677, using password 195985 #. An archived audio webcast of the conference call will also be available on Pason’s website at www.pason.com/investors.

Pason Systems Inc. Reports Voting Results of Director Elections

FOR IMMEDIATE RELEASE

CALGARY, Alberta (May 6, 2024) – Pason Systems Inc. (TSX: PSI) announced today the director election results from its Annual and Special Meeting of Shareholders held on May 2, 2024. The following six nominees were elected as directors of Pason Systems Inc. to hold office until the next annual meeting of shareholders of Pason Systems Inc. or until their successors are elected or appointed:

Pason Reports First Quarter 2024 Results and Declares Quarterly Dividend

FOR IMMEDIATE RELEASE

CALGARY, Alberta (May 2, 2024) – Pason Systems Inc. ("Pason" or the "Company") (TSX:PSI) announced today its 2024 first quarter results and the declaration of a quarterly dividend. The following news release should be read in conjunction with the Company's Management Discussion and Analysis ("MD&A"), the unaudited Condensed Consolidated Interim Financial Statements and related notes for the three months ended March 31, 2024, as well as the Annual Information Form for the year ended December 31, 2023. All of these documents are available on SEDAR+ at www.sedarplus.ca.

Pason to Hold Virtual AGM and Release 2024 First Quarter Results on May 2, 2024

FOR IMMEDIATE RELEASE

CALGARY, Alberta (April 9, 2024) – Pason Systems Inc. (TSX: PSI) (“Pason”) will be holding its annual and special meeting of shareholders on Thursday, May 2, 2024, at 3:30 P.M. (MT) via live audio webcast at www.pason.com/meetnow. Additional details on how to access and login to the meeting are provided on Pason’s website at www.pason.com/investors.

Pason to Host Investor Day in Calgary on May 30, 2024

FOR IMMEDIATE RELEASE

CALGARY, Alberta (March 21, 2024) – Pason Systems Inc. (TSX: PSI) (“Pason” or “the Company”) is pleased to announce that it intends to host an investor day on Thursday, May 30th, 2024 at its head office in Calgary, Alberta. The event will begin at 1:00 pm (MT) and will provide an opportunity for interested investors and analysts to participate in demonstrations of various technology offerings by Pason, including the new Mud Analyzer, by Intelligent Wellhead Systems and by Energy Toolbase. The event will also feature presentations by Pason’s senior leadership team, who will provide an update on the Company’s strategy, opportunities for growth, and will include question-and-answer sessions.

Pason Reports Fourth Quarter 2023 Results and Declares Increased Quarterly Dividend

FOR IMMEDIATE RELEASE

CALGARY, Alberta (February 28, 2024) – Pason Systems Inc. ("Pason" or the "Company") (TSX:PSI) announced today its 2023 fourth quarter and annual results and the declaration of an increased quarterly dividend. The following news release should be read in conjunction with the Company's Management Discussion and Analysis ("MD&A"), the Consolidated Financial Statements and related notes for the three and twelve months ended December 31, 2023, as well as the Annual Information Form for the year ended December 31, 2022. All of these documents are available on SEDAR+ at www.sedar.com.

Pason to Release 2023 Fourth Quarter Results on February 28, 2024

FOR IMMEDIATE RELEASE

CALGARY, Alberta (January 11, 2024) – Pason Systems Inc. (TSX: PSI) (“Pason”) intends to release its 2023 fourth quarter and annual results after the markets close on Wednesday, February 28, 2024.

Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2023 fourth quarter and annual results at 9:00 a.m. (MST) on Thursday, February 29, 2024. The conference call dial-in numbers are 1-888-664-6383 or 1-416-764-8650, and the call will be simultaneously audio webcast via: www.pason.com/webcast. You can access the fourteen-day replay by dialing 1-888-390-0541 or 1-416-764-8677, using password 304117#. An archived audio webcast of the conference call will also be available on Pason’s website at www.pason.com/investors.

Pason Completes Purchase of Outstanding Shares of Intelligent Wellhead Systems Inc.

FOR IMMEDIATE RELEASE

CALGARY, Alberta (January 2, 2024) – Pason Systems Inc. (TSX: PSI) (“Pason” or the “Company”) is pleased to announce that effective January 1, 2024, the Company has closed the previously announced exercise of a call option for the purchase of all remaining issued and outstanding common shares of Intelligent Wellhead Systems Inc. (“IWS”) not previously held by Pason for total consideration of $88.2 million (the “Transaction”). As part of the Transaction, Pason assumed net debt of approximately $7.0 million. The Transaction was funded by Pason with cash on hand.