Mr. Piyush Sawhney reports

DR. PHONE FIX ANNOUNCES FIRST TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

Dr. Phone Fix Canada Corp., further to its news release dated May 19, 2026, has closed the first tranche of its non-brokered private placement of convertible debenture units of the company. The company issued 882 units, at a price of $1,000 per unit, for aggregate gross proceeds of $882,000. Each unit comprises: (i) one $1,000 principal amount unsecured convertible debenture of the company; and (ii) 3,125 common share purchase warrants of the company. Additional detail on the offering, including terms of the convertible debentures and warrants, is set out in the prior news release.

In connection with the offering, the company paid finders' fees consisting of an aggregate cash fee of $59,990 and issued an aggregate of 374,937 common share purchase warrants of the company to certain qualified arm's-length parties. Each finder's warrant is exercisable to acquire one common share of the company at an exercise price of 22 cents prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the offering, including any common shares issuable upon conversion of the convertible debentures, or exercise of the warrants and finders' warrants, are subject to a statutory hold period of four months and one day from the closing of the offering, in accordance with applicable securities laws and TSX Venture Exchange policies.

The offering remains subject to final acceptance of the TSX-V.

About Dr. Phone Fix Canada Corp.

Dr. Phone Fix is a national, award-winning, eco-friendly and customer-centric leader in Canada's cell phone and electronics repair and certified preowned device industry. Founded in 2019, the company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable and environmentally conscious repair services alongside a curated selection of certified preowned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs (original equipment manufacturers) and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device life cycle management, customer service and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

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