Mr. Steve Fray reports

ABAXX ANNOUNCES CLOSING OF $69 MILLION BOUGHT DEAL OFFERING

Abaxx Technologies Inc. has closed its previously announced upsized bought deal public offering of 1,271,900 common shares at a price of $54.25 per share for gross proceeds of $69,000,575, which includes the full exercise of the overallotment option granted to the underwriters (as defined below). The offering was conducted by ATB Cormark Capital Markets and Cantor, as co-lead underwriters and joint bookrunners, and Canaccord Genuity Corp. and BMO Nesbitt Burns Inc.

The company intends to use the net proceeds from the offering for: (i) the development and operation of the company's exchange and clearinghouse in Singapore; (ii) the development of the company's digital infrastructure business; and (iii) general corporate purposes and working capital.

The shares were offered by way of a prospectus supplement dated May 28, 2026, to the company's short form base shelf prospectus dated May 8, 2026, to purchasers in each of the provinces and territories of Canada (other than Quebec), and were also offered by way of private placement in the United States and in certain jurisdictions outside of Canada and the United States.

About Abaxx Technologies Inc.

Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges society faces, including the energy transformation and the transition to an AI-augmented (artificial intelligence) economy.

In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in LNG (liquefied natural gas), carbon, battery materials and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions and efficient OTC (over-the-counter) transfers, and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive infrastructure closes critical gaps in posttrade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement and transfer agency services designed to reduce risk and improve reliability across asset classes.

Abaxx Labs is the company's centre for engaging with the developer community to create the next generation of technology that will build smarter markets through open-source software tools that promote the use of Abaxx's ID++ technologies.

We seek Safe Harbor.