Major Drilling Announces Renewal of Normal Course Issuer Bid

MONCTON, New Brunswick, Oct. 19, 2026 -- Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), the largest provider of drilling services to the mining sector, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to renew its normal course issuer bid (the “NCIB Program”) to purchase outstanding common shares of Major Drilling (the “Common Shares”) on the open market in accordance with the rules of the TSX. Any such purchases may occur from time to time and in aggregate up to 4,111,846 Common Shares (being approximately 5% of the issued and outstanding Common Shares of Major Drilling) over a 12-month period commencing on October 21, 2026 and terminating on October 20, 2027. As of October 7, 2026, Major Drilling had 82,236,936 Common Shares issued and outstanding.