Modern Slavery Report

This report (the “Report”) is made by Steel Reef Infrastructure Corp. and its subsidiaries (collectively, “Steel Reef” or the “Company”)^[1] pursuant to Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) for the reporting year 2025. The Report describes the steps taken by Steel Reef during 2025 to prevent and reduce the risk that Forced Labour or Child Labour is used in Steel Reef’s activities and supply chain. While this Report is prepared in accordance with the requirements of the Act and therefore focuses on Steel Reef’s Canadian reporting obligations, it also includes certain information regarding Steel Reef’s U.S. operations and supply chain activities for completeness.

Steel Reef is a widely held, private company incorporated under the laws of Alberta and headquartered in Calgary, Alberta, with an office in Denver, Colorado and Stanley, North Dakota. Steel Reef owns and operates integrated gathering, processing, transportation and storage facilities in Saskatchewan and North Dakota. The focus of Steel Reef’s operations is to capture, process and transport associated natural gas to reduce flaring and venting to the atmosphere. Resulting products, including natural gas, propane, butane and condensate, are sold into local and cross-border markets.

Steel Reef employs approximately 200 full-time and part-time employees. Steel Reef’s corporate culture emphasizes discipline, respect and excellence, and Steel Reef seeks to partner with stakeholders that share these values.

[1]Steel Reef Burke, LLC, a Delaware corporation; Steel Reef Pipelines US, LLC, a Delaware corporation; Steel Reef US Corp., a Delaware corporation; Steel Reef Pipelines Canada Corp., a Canadian corporation; Lignite Pipeline Canada Corp., a Canadian corporation; and Gateway Energy Terminal, a Saskatchewan corporation.