• IBG Has Been on Reg Sho Threshold List for Failures to Deliver, For Over 2 Weeks as of April 7th.

• Manufacturer, Marketer, Exporter, and Retailer for Beverage Portfolio of 60 Formulations Across 13 Popular Alcoholic and Non-Alcoholic Brands.

• Company is Owner of Exclusive Manufacturing Rights.

• Brands Include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and More.

• Manufacturing and Flavor Innovation Center Located in Sydney, Australia with a U.S. Sales Office Located in California.

• Small Share Structure with Only 672,664 Shares Outstanding.

• Over 300% Borrow Rate for IBG on Fintel.

• $6 Million Company Financing Closed on March 16, 2026.

• Planned Merger with BlockFuel Energy and Production Restart to Advance Dual Revenue Model Spanning Energy and Digital Asset Mining.

• IBG is Producing Over 100 Barrels of Oil Per Day Following Purchase of 51% Ownership Control of BlockFuel.

• On Track to Complete BlockFuel Energy Merger in the First Quarter of 2026.

• Onsite Natural Gas Positions Combined Group for Capital-Efficient, Scalable Cash Flow Generation.

Innovation Beverage Group (NASDAQ: IBG) is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more.

The most successful IBG brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, the IBG headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California.

After completing a five-for-one (5-for-1) reverse split on January 30th, IBG now offers investors a very attractive share structure with only 672,664 shares outstanding.

IBG has announced that management intends to hold an annual meeting of shareholders by March 31, 2026 to remain in compliance with Nasdaq listing requirements.

Innovation Beverage Group and BlockFuel Energy Provide Operational Update on Well Reactivation, Initial Production and Development Progress

On April 7th IGB along with its proposed merger partner BlockFuel Energy ("BFE"), provided an operational update on the ongoing well reactivation program, initial production performance, and development planning activities across its Central Oklahoma asset base. BlockFuel is progressing toward its proposed merger with IBG which currently owns 51% of BFE.

BFE reports that 15 wells are currently producing and 5 wells are in the process of completing reactivation, with all expected to be online by the end of this week. These efforts are part of the IBG and BlockFuel near-term strategy to restore oil production capabilities to existing wellbores through cost-efficient reactivation initiatives.

BlockFuel commenced oil and gas sales during the first quarter, with peak production reaching approximately 100 barrels of oil equivalent per day in that time. Production levels are expected to increase as additional wells return to service and recompletion operations are executed on select wells, targeting behind-pipe intervals.

IBG BFE operations are supported by assets acquired in the fourth quarter of 2025, including 54 existing production wells and associated infrastructure developed between 2012 and 2018. This infrastructure is expected to support current operations and future development while minimizing incremental capital requirements.

All nine saltwater disposal wells are operational, providing sufficient capacity necessary to support current and anticipated production levels. This infrastructure positions IBG and BlockFuel to advance recompletion programs and evaluate potential step-out drilling locations.

IBG and BFE are currently evaluating a development program focused on vertical well drilling at approximately 40-acre spacing, targeting multiple known hydrocarbon-bearing formations. This strategy is intended to provide a repeatable, lower-risk development pathway across its acreage position.

Oklahoma, vertical wells are estimated to have an expected ultimate recovery ("EUR") of 65,000 barrels of oil equivalent per well. IBG and BFE estimate an average drilling and completion cost of approximately $700,000 per well. In addition, recompletion operations targeting behind-pipe reserves are expected to cost up to $250,000 per well, including hydraulic fracture stimulation, subject to operational and market conditions. IBG BlockFuel maintains an average working interest of approximately 86% across its oil and gas assets.

$6 Million Company Financing

On March 16th IBG announced the closing of a registered public offering made on a reasonable best-efforts basis with gross proceeds to the Company of approximately $6 million, before deducting placement agent fees and other offering expenses. The transaction closed on March 16, 2026. IBG intends to use $2,500,000 of the net proceeds to make a non-interest bearing loan to Blockfuel in order for Blockfuel to exercise its call right pursuant to the Common Stock Purchase Agreement dated as of December 24, 2025, by and among Blockfuel and the investors thereto. IBG intends to use the remaining net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital.

For more information on IBG visit: : https://www.innovationbev.com/

Email: investorrelations@innovationbev.com

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Company Name: Innovation Beverage Group Ltd (Nasdaq:IBG)
Contact Person: Investor Relations
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Phone: +61 (02) 9620 4574
Address:29 Anvil Road
City: Seven Hills
State: NSW 2147
Country: Australia
Website: https://blockfuelenergy.com/