(via TheNewswire)

Vancouver, British Columbia – TheNewswire – June 4 , 2026 – Blackhawk Growth Corp. ("Blackhawk " or the "Company ") (CSE: BLR, Frankfurt:0JJ) is pleased to announce its intention to adopt semi-annual reporting pursuant to Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order ") issued by the British Columbia Securities Commission on March 19, 2026.

The Company’s fiscal year ends on June 30. The Company has filed interim financial statements and related management's discussion and analysis ("MD&A ") for the three and nine-month period ending March 31, 2026. Under the semi-annual reporting pilot program (the “SAR ”), the initial interim period for which the Company will not file interim financial statements and related MD&A is the three-month period ended September 30, 2026.

The Company will continue to file audited annual financial statements (due within 120 days of June 30) and six-month interim financial reports (due within 60 days of December 31).

The Company confirms it meets the SAR eligibility criteria, which include, among other things, being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations .

Board and Management Changes

The Company also announces that, effective May 25, 2026, Justin Hanka and John Dinan have resigned from the board of directors of the Company (the “Board ”). In addition, Justin Hanka has also resigned as Chief Executive Officer of the Company. John Dinan will remain as interim Chief Financial Officer of the Company. The Board and management team would like to express their sincere appreciation to the outgoing directors and officer for their contributions and service to the Company.

The Company is pleased to announce, effective May 25, 2026, the appointment of Mr. Jae-In (Jay) Sun as Chief Executive Officer and director of the Company and Mr. Yeunsik Wi as director of the Company.

Mr. Sun is a seasoned business architect, investment structuring expert, and technology executive with over 30 years of experience across corporate finance, alternative investments, and emerging technology sectors. Mr. Sun has extensive expertise in Mezzanine financing, Private Investment in Public Equity (PIPE) transactions, cross-border Special Purpose Companies (SPCs), Joint Ventures, and strategic M&A advisory for both public and private companies. Over the past decade, he has focused on high-growth technology sectors including IT infrastructure, blockchain, cryptocurrency, AI and quantum computing ecosystems. He currently serves as Head of International Business at PNBS Co., Ltd., where he leads global capital market strategy and international business development initiatives supporting the commercialization of advanced AI and quantum infrastructure technologies.

Mr. Wi is an experienced investment banking and corporate governance executive with expertise in investment structuring, derivatives, asset management, private equity, and technology-sector leadership, having held senior roles at Korea Investment & Securities Co., Ltd., NNF Partners, and multiple publicly listed technology companies, while currently serving as Chairman of PNBS Co., Ltd. overseeing strategic governance and global investment initiatives within advanced AI and quantum computing infrastructure ecosystems.

Mr. Brian Shin, a director of the Company, stated, “We are pleased to welcome Mr. Sun and Mr. Wi to the Company’s leadership team. Their extensive experience in capital markets, corporate finance, and technology sectors will be valuable as the Company continues its restructuring efforts and works toward a successful turnaround and long-term growth.”

About Blackhawk

The Company is currently focused on rebuilding and enhancing shareholder value through disciplined restructuring initiatives, governance improvements, and the selective evaluation of investment and acquisition opportunities with long-term value creation potential. The Company continues to be an investment holding company looking to create substantial value for its shareholders through the acquisition and development of high-growth companies.

For further information contact:

Blackhawk Growth Corp.

‎jaysun@pnbs.ai

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer’s business, capital, or operations that is prospective in nature. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information is often identified by terms such as “ may “ , “ should ” , “ anticipate ” , “ would ” , “ will ” , “ estimates ” , “ believes ” , “ intends ” , “ expects ” and similar expressions which are intended to identify forward-looking information. More particularly and without limitation, this press release contains forward-looking information concerning statements with respect to the Company’s plans to rely on the Blanket Order and adopt the SAR. The Company cautions that all forward-looking information is inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions, expectations and risks, many of which are beyond the control of the Company, including but not limited to assumptions regarding prevailing market conditions and general business, economic, competitive, political and social uncertainties to develop the forward-looking information in this press release, as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.com. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

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