Mr. Mark Binns reports

CARRIER CONNECT DATA SOLUTIONS SIGNS NON-BINDING LETTER OF INTENT TO ACQUIRE ROCHESTER DATA CENTER ASSETS FROM ROCHESTER COLO LLC

Carrier Connect Data Solutions Inc. has entered into a non-binding letter of intent (LOI) with Rochester Colo LLC, pursuant to which the company intends to acquire, through a wholly owned U.S. subsidiary, the principal operating assets of Rochester Colo's data centre business located in Rochester, N.Y.

The proposed acquisition is expected to provide the company with an immediate operating foothold in the U.S. market and expand its ability to serve customers requiring secure, scalable and regionally resilient infrastructure. Rochester Colo has established a presence in the Rochester market through its co-location and related data centre services, and the company believes the transaction would create a strong foundation for future growth in the northeastern United States.

Under the LOI, the parties have agreed to negotiate and execute a definitive purchase agreement in respect of the proposed acquisition. The consideration is expected to include a combination of cash and common shares of the company, with the share component subject to staged escrow release following closing.

The parties, who are at arm's length, are working toward execution of a definitive agreement on or before June 15, 2026, with closing expected shortly thereafter, subject to completion of due diligence, negotiation and execution of definitive documentation, receipt of required approvals, and satisfaction of customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed acquisition will be completed on the terms currently contemplated or at all.

Mark Binns, chief executive officer of the Carrier, stated: "No matter how digital the world becomes, infrastructure still matters -- location, reliability and trusted customer relationships matter. Rochester Colo would give us a meaningful entry point into the U.S. market through an operating asset with real customers, real capacity and a strong regional position. We believe this transaction has the potential to accelerate our North American growth strategy and broaden the platform we are building."

Jim Salviski, chief executive officer of Rochester Colo, stated: "This LOI reflects a shared vision for scaling high-quality data centre services in the Rochester market and beyond. We believe Carrier Connect brings the public-market platform, growth capital and strategic ambition to build on the foundation we have created, and we are excited about the opportunity to help support that next phase of growth."

No finders' fees are payable by either party in connection with the proposed acquisition.

About Carrier Connect Data Solutions Inc.

Carrier Connect Data Solutions' mission is to roll up Tier II/Tier III data centres internationally that specialize in delivering co-location and data centre solutions to AI (artificial intelligence) companies, service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the company are Vancouver, Ottawa and Saint John, Canada, and Perth, Australia, where Carrier serves clients that use its facilities either as their primary data centre or as an ancillary site depending on their needs.

We seek Safe Harbor.