Mr. S. Randall Smallbone reports

ASTRON CONNECT INC. ANNOUNCES NON-BROKERED SUBSCRIPTION RECEIPT FINANCING

Astron Connect Inc., further to its news releases dated Sept. 12, 2025, and Oct. 27, 2025, intends to conduct a non-brokered private placement of up to 46 million subscription receipts of the company at a price of five cents per subscription receipt for aggregate gross proceeds of up to $2.3-million, instead of the previously announced non-brokered private placement of units of the company.

Each subscription receipt will, subject to the fulfilment of the escrow release conditions (as defined below), entitle the holder thereof to receive one unit of the company, with each unit comprising one common share in the capital of the company and one share purchase warrant exercisable into one additional share at an exercise price of five cents per warrant share for a period of three years from the date of closing of the offering.

The gross proceeds from the offering will be held in escrow by the company and shall be released immediately upon the satisfaction, among other things, of: (i) the completion or satisfaction or waiver of all conditions precedent to the company's reverse takeover transaction with Innolink Network Ltd., other than the release of the escrowed proceeds; (ii) the receipt of all required shareholder and regulatory approvals (including any required approval required by the TSX Venture Exchange) if and as applicable, in connection with transaction; and (iii) the distribution of the units underlying the subscription receipts being exempt from applicable prospectus requirements of applicable securities laws.

In the event the escrow release conditions are not satisfied on or before 5 p.m. Vancouver time on Dec. 31, 2026, or such other date as may be agreed upon by the company and Innolink, the company shall return to the holders of the subscription receipts their pro rata share of the escrowed proceeds plus any accrued interest earned thereon (less applicable withholding tax) and the subscription receipts will be cancelled, and of no further force and effect.

Assuming the fulfilment of the escrow release conditions on or prior to the escrow release deadline, the escrowed proceeds plus any accrued interest earned thereon will be used for hardware purchases, infrastructure and technology upgrades, and general working capital purposes.

For more information on the transaction, see the company's news release of Oct. 27, 2025, filed under its profile on SEDAR+ .

Closing of the offering is subject to receipt of all necessary regulatory approvals, including from the exchange. All securities issued in relation to the offering will be subject to a hold period expiring four months and one day after the closing date of the offering, in accordance with applicable securities laws. Any participation by insiders in the offering will constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. Certain finders' fees may also be payable to eligible finders in accordance with applicable laws.

About Astron Connect Inc.

Astron Connect helps Canadian enterprises in the food and beverage industry break through the noise and bring their products to new international markets in the emerging world. Astron Connect brings Canadian food and beverage companies to the world through its extensive connections and export logistics capabilities in China and emerging markets. Manna Water and Sachiel Water (both Astron brands) supply China and other emerging markets with pure Canadian bottled spring water.

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