Mr. Akshay Dubey reports

CVW SUSTAINABLE ROYALTIES ANNOUNCES FUNDING OF ADDITIONAL $1.5 MILLION UNDER ROYALTY AGREEMENT WITH RELOCALIZE INC.

CVW Sustainable Royalties Inc. has financed the $1.5-million second investment contemplated under its gross revenue royalty agreement with Relocalize Inc., which was previously announced on Feb. 3, 2026. The second investment provides CVW Royalties with a 25.0-per-cent gross revenue royalty on Relocalize's second commercial facility to be located in Montreal, Que. With the financing of the second investment, CVW Royalties has deployed the full $4.0-million of upfront capital contemplated under the royalty agreement, consisting of the $2.5-million first investment previously financed for a 25.0-per-cent gross revenue royalty on Relocalize's Plant City, Fla., facility and the second investment.

The financing of the second investment follows confirmation that Relocalize has satisfied certain conditions contemplated under the royalty agreement including a final investment decision by Relocalize's board of directors.

The Plant City facility, which produces packaged ice at a distribution centre operated by The Winn-Dixie Company, is operating and continuing to scale toward full commercial production. The facility currently serves several Winn-Dixie stores, with volumes expected to grow significantly as Relocalize continues to scale operations. Relocalize's Montreal facility is expected to produce cold packs for the meal kit delivery, ready-to-eat meal and other convenience-focused end markets, and will proceed toward development following the FID by Relocalize's board of directors. Relocalize has also seen growing interest from participants in the pharmaceutical sector, which the company believes could represent a significant additional market opportunity for Relocalize's platform. CVW Royalties has also received its first royalty revenue and cash payment from Relocalize, generated by operations at the Plant City facility.

"We are pleased with the Plant City facility's performance to date as it continues to scale toward full commercial production," said Akshay Dubey, chief executive officer of CVW Royalties. "The receipt of our first royalty payment from Relocalize marks a significant milestone in CVW Royalties' history, reflecting our transformation from a single technology developer to a royalty platform. We remain focused on deploying capital that generates strong, risk-adjusted returns for our investors, and look forward to participating in the success of the Montreal facility as Relocalize brings its microfactory platform to Montreal. We continue to believe Relocalize has a significant market opportunity to deploy its innovative platform and are excited at the opportunity to support the development of future facilities."

According to Wayne McIntyre, founder and chief executive officer of Relocalize: "The funding from CVW Royalties is an important milestone as we build on the strong operating results we are seeing at Plant City. This capital allows us to advance development of the Montreal facility, extending our microfactory platform into the cold pack market."

In connection with the announcement, CVW Royalties has updated its website and investor presentation. Investors are encouraged to view the company's updated materials.

Terms of the transaction

Under the royalty agreement, CVW Royalties holds the Plant City royalty and the Montreal royalty, each a 25.0-per-cent gross revenue royalty on the respective facility, with each royalty expected to step down to 15.0 per cent once certain commercial milestones are met, together with a combined 2.0-per-cent revenue royalty on Relocalize's next eight commercial facilities beyond the Plant City facility and the Montreal facility.

CVW Royalties also retains the option to invest up to an additional $22.5-million to finance up to 13 additional Relocalize facilities and a right of first refusal for future royalty financing on all of Relocalize's facilities for a period of 20 years.

For a full description of the terms of the royalty agreement, please refer to the company's news release dated Feb. 3, 2026, available on the company's website and under the company's profile on SEDAR+.

About CVW Sustainable Royalties Inc.

CVW Sustainable Royalties is a royalty platform seeking to build a portfolio of cash flow streams utilizing royalty and royalty-like structures on assets and technologies engaged in the sustainable production of commodities and commodity-like products. The company expects to achieve this by partnering with companies that have developed specific technologies or are engaged in developing and operating assets. The company's current portfolio includes its proprietary CVW technology, which is designed to recover bitumen, solvents, critical minerals and water from oil sands froth treatment tailings with significant environmental benefits; an interest in two future Northstar Clean Technologies facilities, which reprocess waste shingles to produce liquid asphalt, aggregate, fibre and limestone; and a royalty interest in Relocalize's microfactories which produce packaged ice and cold packs in a more sustainable manner.

CVW Sustainable Royalties trades on the TSX Venture Exchange under the symbol CVW, and is quoted on the OTCQX under the symbol CVWFF and on the Frankfurt Stock Exchange under the symbol TMD.

We seek Safe Harbor.