Mr. Thomas English reports

TRENCHANT TECHNOLOGIES CAPITAL CORP. ANNOUNCES PRIVATE PLACEMENT OF $1.5 MILLION CONVERTIBLE DEBENTURES

Trenchant Technologies Capital Corp. has arranged a private placement of convertible debentures for gross proceeds of up to $1.5-million.

The debentures will bear interest at a rate of 12 per cent per annum and will mature one year from the date of issuance. The company anticipates using the proceeds from the offering for general working capital purposes.

At the sole option of the holder, the principal amount of the debentures and accrued interest thereon may be converted into common shares in the capital of the company at a conversion price of 10 cents per share, subject to certain adjustments as provided for in the certificates representing the debentures.

All securities issued in connection with the debt settlement and the offering will be subject to a statutory hold period expiring four months and one day after the date of issuance of the debentures.

Certain insiders may participate in the debt settlement and the offering and would each be considered a related party within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Accordingly, any such issuance would be considered a related party transaction within the meaning of MI 61-101 but is expected to be exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to each related party would not exceed 25 per cent of the company's market capitalization.

Board update

The company also announces that Jennie Choboter will be stepping down from the board of directors of Trenchant. The board and management wish to thank Ms. Choboter for her valuable service and contributions during her tenure with the company.

In Ms. Choboter's place, Jason Hawkins will be appointed to the board, effective immediately.

Mr. Hawkins has over 25 years of capital markets experience in both investment and merchant banking. Over the course of his career, Mr. Hawkins has raised seed to late-stage financing for companies in the mining, oil and gas, technology, and health care sectors.

About Trenchant Technologies Capital Corp.

Trenchant Technologies is a forward-thinking investment issuer focused on supporting transformative ventures in artificial intelligence, quantum computing and next-generation cybersecurity poised to reshape legacy industries.

We seek Safe Harbor.