Mr. Steve Fray reports

ABAXX ANNOUNCES NORMAL COURSE ISSUER BID AND AUTOMATIC SECURITIES PURCHASE PLAN

The Toronto Stock Exchange has accepted Abaxx Technologies Inc.'s notice of intention to make a normal course issuer bid.

Under the NCIB, Abaxx may purchase for cancellation up to 400,000 common shares of the company, representing approximately 1.03 per cent of the company's issued and outstanding common shares as of July 10, 2026. The NCIB authorizes, but does not obligate, Abaxx to purchase any shares.

The NCIB will commence on July 24, 2026, and will terminate on July 23, 2027, or earlier if the maximum number of shares sought under the NCIB have been repurchased. Abaxx may also terminate the NCIB earlier if it feels that it is appropriate to do so, subject to the terms of the automatic securities purchase plan described below. All shares will be purchased on the open market through the facilities of the TSX as well as on alternative Canadian trading systems at prevailing market rates, and any shares purchased by Abaxx will be cancelled.

During the most recently completed six-month period, the average daily trading volume of the company's common shares on the TSX was 158,201. Under TSX rules, daily purchases will be limited to a maximum of 39,550 shares, other than pursuant to block purchase exceptions.

Abaxx's board of directors believes the current underlying value of the company may not be reflected in the market price of its common shares from time to time and that, at appropriate times, repurchasing its common shares represents an opportunity to allocate capital resources to reduce its outstanding common shares.

The board of directors believes this is one of those times. Having raised $69-million at a price of $54.25 in May of this year, the company's financial position remains secure. The company holds cash and cash equivalents sufficient to finance its current operational plans for approximately the next seven quarters without the need to raise additional funds, and retains the ability to raise cash from its other assets.

Most importantly, the board of directors remains confident in the company's ability to continue to execute on those operational plans and achieve key milestones across its mutually reinforcing exchange and technology businesses, including advancing commercial adoption of its commodity futures markets and the commercial deployment of its ID++ technology. Accordingly, the board of directors has determined that the NCIB is in the best interest of Abaxx and its shareholders.

The company has entered into an automatic securities purchase plan with its broker to permit the automatic purchase of shares under the NCIB. The limits established under the ASPP permit the broker to purchase up to 25,000 shares per day, representing 15.8 per cent of the ADTV, other than pursuant to permitted block purchase exceptions. The broker may also make one block purchase per calendar week of shares not directly or indirectly owned by insiders of Abaxx in accordance with TSX policies.

Purchases under the ASPP will be determined by the broker in its sole discretion based on limits established by the company in accordance with TSX rules, applicable securities laws and the terms of the ASPP. The ASPP has been precleared by the TSX and will become effective on July 24, 2026. The NCIB does not obligate Abaxx to purchase any particular number of shares, and there can be no assurance as to the number of shares, if any, that will ultimately be acquired. Any purchases made under the NCIB will be financed through available cash.

About Abaxx Technologies Inc.

Abaxx is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges it faces as a society, including the energy transformation and the transition to an artificial-intelligence-augmented 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, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets podcast.

We seek Safe Harbor.