File: '\\swfile\EmailIn\20260805 161103 Attachment MCF - News release re SAR Pilot - Aug 5 2026.docx'

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MONAGHAN ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING

Not for distribution to United States newswire services or for dissemination in the United States.

Vancouver, British Columbia - August 5, 2026 - Monaghan Capital Fund Ltd. (TSXV: EIRE.P) (the "Company") announces its intention to adopt the semi-annual financial reporting pilot program ("SAR Pilot Program") utilizing the exemptions provided under Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order").

The SAR Pilot Program allows eligible venture issuers to voluntarily move from quarterly to semi- annual financial reporting. By adopting the SAR Pilot Program, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.

The Company will not file interim financial statements and related management discussion and analysis for Q1 and Q3 periods. The Company will continue to file audited annual financial statements and management discussions and analysis ("MD&A") and six-month interim financial statements and MD&A due within 60 days of the applicable six-month period end. Accordingly, the Company will not be filing interim financial statements and the related MD&A for the three months ended May 31, 2026.

The Company confirms that it meets the SAR Pilot Program eligibility criteria and remains committed to timely disclosure of all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations. This news release is being filed pursuant to the Blanket Order.

About Monaghan Capital Fund Ltd.

The Company was incorporated under the Business Corporations Act (British Columbia) on July 6, 2021, and is a Capital Pool Company (as such term is defined in Policy 2.4 of the TSX Venture Exchange) listed on the TSX Venture Exchange. The Company has no commercial operations and no assets other than cash. On June 29, 2023, the Company changed its name to "Monaghan Capital Fund Ltd."

On Behalf of the Board of Directors

Kia Besharat, CEO and Director

For further information, please contact:

Monaghan Capital Fund Ltd.

2600 - 1066 West Hastings Street,

Vancouver, British Columbia

V6E 3X1 Canada

Contact: Kia Besharat, CEO and Director

Telephone: 424-343-9544

Email: kbesharat@centuriononecapital.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.