Mr. Adam O'Brien reports

BITCOIN WELL ANNOUNCES AGREEMENT WITH ANCHORWATCH AND COMPLETION OF PREVIOUSLY ANNOUNCED DEBT SETTLEMENT

Bitcoin Well Inc. has signed an agreement with AnchorWatch, a provider of bitcoin-native custody and insurance solutions.

The agreement creates an opportunity for Bitcoin Well to diversify its revenue through recurring referral fees while expanding the options available to customers seeking additional protection for their bitcoin. AnchorWatch's multisignature model is designed so that no single party can unilaterally move a customer's bitcoin while also supporting needs such as insurance and inheritance planning. While most AnchorWatch services will be available to eligible customers in Canada and the United States, insurance products will be available only to eligible customers in the United States.

By connecting customers directly with AnchorWatch, Bitcoin Well can generate additional value from its customer relationships without building custody infrastructure, holding customer assets or managing private keys. For shareholders, this represents a capital-efficient growth opportunity that complements Bitcoin Well's non-custodial business model and adds revenue potential beyond individual bitcoin transactions.

"Our customers are at different stages of their bitcoin journey. While self-custody remains at the heart of Bitcoin Well, some customers -- particularly Bitcoin Well Infinite clients with larger holdings -- are looking for additional support with insurance and inheritance planning," said Chantel Lillycrop-Kostiuk, vice-president of operations at Bitcoin Well. "AnchorWatch's collaborative custody model aligns with our self-custody mission because customers maintain a sovereign recovery path that allows them to move their bitcoin independently while no third party, including AnchorWatch, can do so unilaterally. Working with Becca and her team allows us to provide greater choice and support without compromising the principles bitcoin was built on."

AnchorWatch co-founder Becca Rubenfeld said: "AnchorWatch is excited to directly support the needs of Bitcoin Well customers. Our custody options give bitcoin owners the flexibility to stay in control of their funds while avoiding single party risk. With the combination of our battle-tested infrastructure and insurance, we look forward to providing the most resilient custody on the market to Bitcoin Well customers."

Debt settlement

The company also announces that, further to its news release dated Sept. 3, 2026, it has completed its previously announced debt settlement pursuant to which it issued 2,101,200 common shares of the company at a deemed price of four cents per common share in full and final settlement of outstanding indebtedness in the amount of $84,048. The indebtedness related to payments for services accrued under a sponsorship agreement during the period from March 1, 2026, to July 31, 2026, was not considered for investor relations services (as defined in the policies of the TSX Venture Exchange). The creditor was an arm's-length party to the company, and the issuance of the common shares in connection with the debt settlement did not result in the creation of a new insider or control person of the company (as such terms are defined in the TSX-V's policies).

The debt settlement remains subject to the final approval of the TSX-V, and the securities issued in connection with the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

About Bitcoin Well Inc.

Bitcoin Well is on a mission to enable independence. It does this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. It likes to think of it as future-proofing money. Its existing bitcoin ABM and on-line bitcoin portal business units drive cash flow to help finance this mission.

We seek Safe Harbor.