CALGARY, Albe ta, July 16, 2026 (GLOBE NEWSWIRE) — Questo Tech ology I c. (“Questo” of the “Company”) (TSX-V: QST) today announced that, in light of its leadership role and the legal proceedings initiated by P eside Tad CEO Aud ey Masca e, has acted against the Company, its i depe de t di ecto sade CFO (the “Legal Proceedings”), the Boa d of the Company’s Di ectos (the “Boa d”) established a special committee of i depe de t di ectos of the Board (the “Special Committee”) on July 11, 2026. On July 13, 2026, the Council approved an expanded mandate for the Special Committee and authorized it to oversee the search for a new pema et Chief Executive Office, explore potential strategic alternatives, and ensure that the BOA conducts such business.
The Special Committee consists of Bastie Commet, Paul Huizi ga, Saj Shapi and Jaso Smith, each of whom is ai depe de t di ecto of the company. The Special Committee operates with full authority to issue fi a cial, legal and other p ofessional advice, as appropriate.
On July 11, 2026, Questo announced one of the legal proceedings, namely the declaration of Ms. Masca e filed a claim in the court of Ki g’s Be ch van Albe, alleging claims of opposition. depe de t di ecto sad CFO. The other legal action includes a second statement of claim, filed in the court of Ki g’s Bech van Albe, seeking a large damages claim against the company, equal to 26 months of the total damages plus additional damages. The i depe de t di ecto sad ma aageme t disputes the accusation to defend the i te ests of the company and its power.
“Questo moves with a purpose,” says Paul Huizi ga, chairman of the Special Committee. “Our focus is on securing the lead ship for Questo and su ig sha eholdes have full visibility into that process. The Boa Father Special Committee is fi mly under the charge of this task, and the advertisement will be indistinguishable from determining the value of the company. all sha eholde s.”
No decision has been made on Sea Choay CEO’s potential strategic alternative as of the date of this EWS lease. The company has not received any proposal for any other strategic task. The EAEO assures that each strategic alternative will be identified based on the Special Committee’s strategic process. The company will continue to provide updates on the CEO’s strategy on the chad e strategy, in accordance with applicable securities laws and as developments unfold.
Questo Tech ology I c., I worked in Ca ada u de the Business Cooperatives Act (Albe ta), is a metal emissions conduction technology company founded in 1994, with global operations. The company focuses on developing technologies that safely and cost-effectively improve air quality, support efficiency and reduce gas emissions in the home. The company designs and manufactures high-efficiency advertising services and destroys harmful pollutants including metha e, hydrogen sulfide gas, volatile o gaic hydocabos, hazardous substances and BTEX gases (beze e, tolue e, ethylbeze ead xyle e). with waste gas steam with an efficiency of 99.99 units and ISO 14034 certification. This enables its customers to meet emissions regulations, reduce household gas emissions, add community opportunities and improve safety in dusty locations.
The company also has heat-to-power technology for the general public and is closely focused on offering biogas, sy-gas, waste-emission-exhaust, geothe mal ad sola, cemetery waste heat, in addition to a wide range of oil and gas projects. The combination of Questo’s clean combustion and power technology can help customers achieve zero emissions at a low cost. The company is also committed to developing data solutions to deliver an automated system that aggregates all available emissions detection data to provide a clear picture of the site’s emissions level.
The company’s communications have used the symbol “QST” on the TSX Ve tu e Exchange. The company’s headquarters address is 1920, 707 – 8e Avenue ue SW Calga y, Albe ta, Ca ada, T2P 1H5.
Neither the TSX Ve tu e Excha ge or its regulatory services (as that term is defined in the policies of the TSX Ve tu e Excha ge) makes any representations about the adequacy or accuracy of this Agreement.