Mr. Khanjan Desai reports

ALCHEMY LABS INC. COMPLETES INITIAL PUBLIC OFFERING AND LISTS ON TSX VENTURE EXCHANGE

Alchemy Labs Inc. has completed its initial public offering of 13,738,447 units of Alchemy at a price of $1 per unit for total gross proceeds of $13,738,447.

The IPO was completed pursuant to an agency agreement dated June 25, 2026, among the company, Haywood Securities Inc., as lead agent, together with ATB Capital Markets Corp., Beacon Securities Ltd., Canaccord Genuity Corp. and Ventum Financial Corp.

Each unit is composed of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to acquire one common share of the company at a price of $1.50 per share until July 9, 2028, subject to the company's right to accelerate the warrant term.

The shares were approved for listing on the TSX Venture Exchange under the trading symbol ALCH. The shares are currently halted, the halt is expected to be lifted and trading is expected to commence on July 13, 2026.

The offering was conducted by way of prospectus dated June 25, 2026, filed in each of the provinces and territories of Canada (excluding Quebec). A copy of the prospectus is available under the company's profile at SEDAR+.

In connection with the offering, the company paid and issued to the agents in aggregate a cash commission of $671,841.18 and compensation options to purchase up to 533,617 common shares of the company. Each compensation option is exercisable to acquire one compensation option share at the offering price until July 9, 2028. In addition, the company paid a corporate finance fee to the lead agent in the amount of $150,000, which consisted of $75,000 in cash and 75,000 shares.

The net proceeds of the IPO will be used by Alchemy to upgrade its facilities, for additional research and development for its defence-related Crypsis products, to increase sales and marketing, for general working capital purposes, and for such other expenses as disclosed in the company's prospectus.

As a result of closing of the offering, the company has 54,549,120 common shares issued and outstanding, of which 14,722,612 common shares are held in escrow and subject to National Instrument 46-201.

About Alchemy Labs Inc.

The company is a nanotechnology company that is in the business of researching, developing and commercializing protective nanocomposite coatings for the automotive and defence markets.

The company has developed and brought to market a range of windshield protection film and paint protection film products for sale to the automotive industry, and is commercializing its thermal signature management solutions for use in the defence industry leveraging its proven TSM technology.

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