Mr. Patrick Collins reports

DATA WATTS CORPORATE UPDATE

Data Watts Partners Inc. has issued a news release regarding the following.

Debt settlement

The company has entered into debt settlement agreements with two directors of the company, pursuant to which the company has agreed to issue an aggregate of 300,000 shares (75,000 shares at 14.66 cents and 225,000 shares at 26.11 cents) to settle a total indebtedness of $69,750. The debt settlement is subject to the approval of the Canadian Securities Exchange. On closing, the shares will be subject to a statutory hold period of four months and one day.

Change of directors

The company announces the appointment of Shane Lowry as a new director of the company, effective June 25, 2026, and the concurrent resignation of Michael Sweatman. The company wishes to thank Mr. Sweatman for his valuable contributions over the years to the company.

Stock option grant

The company announces it has granted to a director 185,000 incentive stock options with a strike price of 20 cents per common share until June 26, 2028.

Issuance of loan bonus warrants in connection with promissory notes

The company announces that, further to its news release dated April 24, 2025, it has entered into: (i) an amended and restated promissory note; and (ii) a new promissory note with an individual lender, and intends to issue loan bonus warrants in connection therewith, subject to approval of the Canadian Securities Exchange.

The amended note restates in its entirety the promissory note made effective April 25, 2025, with the company as borrower. The principal amount advanced to the company under the original note is $77,281.25, bearing simple interest at a rate of 7 per cent per annum calculated from April 25, 2025, for a total amount outstanding of $82,690.94 as at April 25, 2026, inclusive of accrued interest of $5,409.69. The amended note matures on April 25, 2027. In connection with the amended note, the company intends to issue, subject to CSE approval, one million transferable common share purchase warrants. Each warrant entitles the lender to acquire one common share in the capital of the company at an exercise price of 15 cents per share for a period of two years from the date of issuance. The warrants are issued in substitution for, and in replacement of, the one million warrants at an exercise price of 55 cents per warrant originally contemplated under the original note. The repricing of the warrant exercise price from 55 cents to 15 cents is subject to CSE approval.

Pursuant to the lender note, the lender advanced $200,000 to the company on Jan. 29, 2026. The lender note bears simple interest at a rate of 7 per cent per annum calculated from Jan. 29, 2026, maturing on Jan. 29, 2028. In connection with the lender note, the company intends to issue to the lender, subject to CSE approval, as a loan bonus, 1.5 million transferable common share purchase warrants. Each lender warrant entitles the lender to acquire one common share in the capital of the company at an exercise price of 15 cents per share for a period of two years from the date of issuance.

Hold period

The warrants and the lender warrants will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with the policies of the CSE and applicable securities laws.

Rescission and cancellation of grid platform acquisition and return to treasury of 2.9 million common shares

Further to the company's news release on March 4, 2025, the company announces that the company and Mr. Saheli (the vendor) have entered into a mutual rescission and cancellation agreement, pursuant to which the parties agreed to cancel the grid platform acquisition and agreed to return all 2.9 million common shares to the company's treasury for immediate cancellation.

About Data Watts Partners Inc.

Data Watts is an investment issuer committed to the emerging Data Watts economy, focusing on uranium, data centres, artificial intelligence applications and quantum computing. The company offers institutional and retail investors access to transformative opportunities in energy and deep technology, leveraging expertise in data and energy.

We seek Safe Harbor.