Mr. Justin Holland reports

EGUANA ANNOUNCES UPDATE ON ANNUAL FILINGS

Eguana Technologies Inc. will not file its audited annual financial statements for the fiscal year ended Dec. 31, 2025, together with the related management's discussion and analysis, and chief executive officer and chief financial officer certifications, because the audited financial statements have not been completed. Accordingly, the company expects that a cease trade order (CTO) will be issued on or around Monday, May 4, 2026, whereupon the trading of the company's common shares on the TSX Venture Exchange will be suspended and shareholders will be prohibited from trading in the company's securities.

Under very tight liquidity conditions across the past number of quarters, the company has remained targeted and focused on delivering products and services to its growing base of utility partners. Based on successful completion of the first phase product rollout in British Columbia, and extensive product and grid services testing with partners in California and Alberta, additional utility program rollouts are anticipated to begin within the next two quarters. As a result, the company's ability to effect the audit remained constrained and it requires additional time to complete its year-end financial reporting and audit processes.

The company is working diligently to undertake the audit of the annual financial statements and to file the required filings as soon as possible, so as to enable the CTO to be revoked and trading in the company's common shares on the TSX-V to resume. The company expects to complete the required filings by the end of June, 2026.

The company will issue further updates by news release as appropriate and intends to file the outstanding documents promptly once they are available. The company confirms that, other than the matters disclosed in this news release, there is no material information concerning the affairs of the company that has not been generally disclosed.

The company's obligation to disclose material changes continues even while the CTO is in effect and the company intends to comply with all applicable default reporting requirements under National Policy 12-203, including the issuance of default status reports if required, until the default has been remedied and any applicable CTO has been revoked.

About Eguana Technologies Inc.

Eguana's vision is to build the grid of the future by delivering flexible, modular and cost-effective alternatives to traditional grid upgrades. The company's technology provides value to all key stakeholders -- from the consumer, to the electricity retailer, the distribution utility and the system operator.

Eguana Technologies connects utilities with consumers, through its high performance commercial and residential energy storage solutions. Eguana's vertically integrated product suite has been designed from the ground up, with both the end-user and the utility in mind, to transition the power grid seamlessly.

Manufactured in local facilities in North America to ensure compliance and quality, Eguana's standardized platform allows the flexibility to ensure each product solution is optimized for use in major grid modernization markets.

We seek Safe Harbor.