Mr. George Wentworth reports

DELPHX CLOSES NON-BROKERED UNIT PRIVATE PLACEMENT

Delphx Capital Markets Inc. has closed the non-brokered private placement announced on Oct. 19, 2026. The company issued 5.5 million units at a price of one cent per unit for gross proceeds of $55,000.

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 until Nov. 6, 2028, two years from the date of issuance.

No finders' fees were paid in connection with the offering. No insiders of the company participated in the offering.

Delphx intends to use the net proceeds of the offering for general working capital and corporate overhead. The company does not expect any single specific use to represent 10 per cent or more of the gross proceeds of the offering. None of the proceeds of the offering will be paid to non-arm's-length parties of the company. No more than 10 per cent of the gross proceeds of the offering will be used to finance investor relations activities.

The offering remains subject to the final acceptance of the TSX Venture Exchange. The securities issued under the offering are subject to a hold period expiring March 7, 2027, being four months plus one day from the date of issuance. As the units were priced at less than five cents per unit, the securities are also subject to the exchange hold period and are legended accordingly.

Following the closing of the offering, the company has 257,210,183 common shares issued and outstanding.

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.