Mr. Young Seung Ko reports

ADAGIO CAPITAL INC. AND ADVANCED GRAPH ENTERPRISE DATABASE INC. CONTINUE TO WORK TOWARDS DEFINITIVE AGREEMENT

Adagio Capital Inc. and Advanced Graph Enterprise Database Inc. (AGEDB), a company incorporated under the laws of the Province of British Columbia, continue to work toward execution of a definitive agreement regarding a business combination, whereby Adagio will acquire all of the issued and outstanding common shares of AGEDB.

For more information on the transaction, please see the company's news release dated June 1, 2023, filed under its profile on SEDAR.

About Advanced Graph Enterprise Database Inc.

AGEDB is a private company based in Vancouver, B.C., with a primary focus on developing and delivering cutting-edge graph database management system (DBMS) software and technology. AGEDB's innovative approach allows for graph data processing on graph DBMS, a unique feature not available in the market until now. AGEDB aims to empower users of relational DBMS with enhanced analysis capabilities, enabling them to uncover valuable insights from the connections and relationships between data points. The management team of AGEDB comprises individuals with extensive experience in the graph database market.

AGDBE possesses the core technologies of Apache AGE, one of the biggest and most influential open-source graph database projects in the world. AGDBE is a subsidiary of Bitnine Co. Ltd., the leading provider of graph database management systems in Korea. AGDBE and Bitnine Global Inc., a wholly owned subsidiary of Bitnine, have entered into a licensing agreement for the use of three intellectual property (IP) patents owned by Bitnine Global that AGEDB can use in software development as well as providing for exclusive global distributions rights (excluding Korea) for any software products developed and derived from the three IP patents.

About Adagio Capital Inc.

Adagio is a British Columbia based company and a reporting issuer in the provinces of British Columbia and Alberta. Adagio focuses on strategic investments in high-growth sectors, aiming to create long-term value for its shareholders.

Additional information

A comprehensive press release with further particulars relating to the transaction, including further particulars of the resulting issuer and the concurrent financing, will follow in accordance with the policies of the TSX Venture Exchange. In addition, a summary of AGEDB's financial information as well as additional information on the proposed directors and officers of the resulting issuer will be included in a subsequent press release.

All information contained in this press release with respect to the company and AGEDB was supplied, for inclusion herein, by the respective parties and each party and its directors and officers have relied on the other party for any information concerning the other party.

Completion of the transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and, if applicable pursuant to TSX-V requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

We seek Safe Harbor.