Mr. George Wentworth reports

DELPHX ANNOUNCES CLOSING OF NON-BROKERED UNIT PRIVATE PLACEMENT AND PROVIDES CORPORATE UPDATE

Delphx Capital Markets Inc., further to its news release dated Aug. 20, 2026, has closed its previously announced non-brokered private placement. On Sept. 2, 2026, the company issued 5.25 million units of the company at a subscription price of one cent per unit for aggregate gross proceeds of $52,500.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of six cents for a period of two years from the date of issuance.

No finders' fees were paid in connection with the offering.

An insider of the company participated in the offering, subscribing for 100,000 units for total consideration of $1,000. As a result, the offering is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and TSX Venture Exchange Policy 5.9, Protection of Minority Security Holders in Special Transactions. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation, as neither the fair market value of the securities issued to the insider nor the cash consideration paid for such securities exceeded 25 per cent of the company's market capitalization. A material change report was not filed more than 21 days prior to closing of the offering as the participation of the insider in the offering and the extent of such participation were not finalized until shortly prior to completion of the offering.

The net proceeds of the offering will be used for working capital and corporate overhead. No proceeds were used to make payments to non-arm's-length parties of the company, other than payments made in the ordinary course of business, and no proceeds were used to make payments to persons conducting investor relations activities. There were no other specific uses of proceeds representing 10 per cent or more of the gross proceeds of the offering.

Final acceptance of the offering is subject to the approval of the TSX Venture Exchange. The securities issued pursuant to the offering are subject to a hold period of four months plus one day from the date of issuance in accordance with applicable securities laws and, as the units were priced at less than five cents per unit, are subject to the exchange hold period and legended accordingly.

Corporate update -- institutional engagement

Delphx also provides the following update on the commercial development of its credit rating securities (CRS) platform. The company's CRS instruments are currently under active internal evaluation by a top-tier global reinsurer, following a detailed technical review of the product's mechanics by that institution's risk organization. Separately, the company has been introduced to the insurance investment research group of a leading global investment consulting firm, which has advised that it is reviewing the product internally.

On the distribution side, the company is in active discussions with an internationally regulated structured products issuer regarding the issuance of securities referencing Delphx payoffs through that firm's established wrapper and distribution infrastructure, and is engaged with a major U.S. broker-dealer regarding potential institutional distribution of the CRS program. Institutional protection sellers remain engaged with the company on the pricing of CRS transactions.

These discussions and evaluations are preliminary in nature. There can be no assurance that any of them will result in a definitive agreement, transaction or revenue to the company, and no binding commitments exist as of the date of this release. The company will provide further updates as material developments occur.

About Delphx Capital Markets Inc.

Delphx is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special-purpose vehicle, Quantem LLC, the company enables broker dealers to offer new private placement securities that provide for both fixed income and cryptocurrency solutions. The new Delphx securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:

• Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds and/or protection from losses in cryptocurrency holdings;
• Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade and/or cryptocurrency loss exposure of an underlying security or cryptocurrency in exchange for attractive returns.

All CPOs and CRNs are fully collateralized and held in custody by U.S. Bank. CPOs and CRNs are proprietary products created and owned by Delphx Capital Markets.

We seek Safe Harbor.