Mr. Anthony Zelen reports

BUSHIDO CAPITAL CORP. ANNOUNCES TERMINATION OF LOI IN RESPECT OF PROPOSED QUALIFYING TRANSACTION

Further to its news release dated Oct. 22, 2026, Bushido Capital Corp. has terminated the letter of intent with Gridbox Holdings Inc. dated Oct. 21, 2026, in respect of a proposed qualifying transaction.

The company will recommence the process of identifying and evaluating other prospective business opportunities in order to complete a qualifying transaction.

The common shares of the company are currently halted from trading on the TSX Venture Exchange.

We seek Safe Harbor.