Brent Anderson News Release

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(TheNewswire)

Windfall Geotek Inc.

Toronto, ON - TheNewswire - June 1, 2023 - Brent Anderson (the “Anderson”) announces that it has filed an early warning report in respect of having marginally increased his share ownership of Windfall Geotek Inc. (the “Issuer”) above 10% for the first time as a result of his acquisition of 285,000 common shares of the Issuer (“Common Shares”) pursuant to market purchases through the facilities of the TSX Venture Exchange (the “Exchange”) for aggregate consideration of $21,375 (approximately $0.075 per share (the “Acquisition”)). The Issuer’s address is 7005 boulevard Taschereau, Suite #265 Brossard, QC J4Z 1A7.  Anderson’s address is 770 McKay Road, Pickering, ON L1W 2Y4.

On May 16, 2023, pursuant to the Acquisition, Anderson acquired direct ownership of an aggregate of 285,000 Common Shares of the Issuer, representing approximately 0.21% of the issued and outstanding Common Shares of the Issuer on a non-diluted basis.  Immediately prior to such date, Anderson owned 13,355,000 Common Shares of the Issuer, representing approximately 9.99% of the issued and outstanding Common Shares of the Issuer on a non-diluted basis (based on there being 133,595,628 Common Shares issued and outstanding immediately prior to the Acquisition). As a result of the Acquisition, Anderson owned 13,640,000 Common Shares of the Issuer representing approximately 10.21% of the issued and outstanding Common Shares of the Issuer on a non-diluted basis, thereby increasing his ownership above 10% (based on there being 133,595,628 Common Shares issued and outstanding as of May 16, 2023).  Subsequently, Anderson acquired ownership of an additional 810,000 Common Shares of the Issuer pursuant to market purchases through the Exchange.  Accordingly as of the date of hereof,  Anderson owns 14,450,000 Common Shares of the Issuer, representing approximately 10.81% of the issued and outstanding Common Shares of the Issuer on a non-diluted basis (based on there being 133,595,628 Common Shares issued and outstanding as of the date hereof).

The aforementioned acquisition of Common Shares by Anderson was made solely for investment purposes. Anderson does not have any current intentions to acquire additional securities of the Issuer or dispose of Common Shares.  However, Anderson may in the future and from time to time acquire additional securities of the Issuer or dispose of Common Shares or may enter into derivative or other transactions with respect to such securities. Anderson  may from time to time increase or decrease its security holdings through market transactions, private agreements or otherwise, subject in each case to applicable securities laws.

This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated June 1, 2023. The early warning report respecting the Acquisition has been filed on SEDAR (www.sedar.com) under Windfall Geotek Inc.’s issuer profile. To obtain a copy of the early warning report filed by Anderson, please contact the Issuer at 514-994-5843 or refer to SEDAR (www.sedar.com) under Windfall Geotek Inc.’s issuer profile.

For further information please contact Brent Anderson at the address listed above or call 647-285-7832.

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