Mr. Brent Charleton reports

ENWAVE APPOINTS MS. LOUISE LALONDE TO ITS BOARD OF DIRECTORS, ANNOUNCES RETIREMENT OF DIRECTOR, MS. MARY RITCHIE

Louise Lalonde has been appointed to EnWave Corp.'s board of directors and will assume the role of audit committee chair. Ms. Lalonde is a certified public accountant with more than 30 years of experience in accounting, governance, risk consultancy and compliance. Ms. Lalonde was a partner at Price Waterhouse Coopers and has executive experience in the manufacturing and service sectors.

Ms. Lalonde's appointment coincides with the retirement of Mary Ritchie, EnWave's current audit committee chair. EnWave is grateful for the governance and strategic guidance provided by Ms. Ritchie throughout her 10 years of service. EnWave would like to thank Ms. Ritchie for her past contributions and continuing support of EnWave.

EnWave's board of directors currently sits at five members, including Ms. Lalonde (audit committee chair), Patrick Turpin, Pablo Cussatti, Brent Charleton (EnWave's president and chief executive officer) and John P.A. Budreski (executive chairman).

Upon her appointment to the board of directors, the company has granted Ms. Lalonde an aggregate of 150,000 incentive stock options. The grant of options is subject to the terms of the company's stock option plan, exercisable at a price equal to 19 cents, the closing price of the company's common shares on Dec. 13, 2024. The options are exercisable for a term of five years and will vest in one-third increments over 18 months in accordance with the provisions set out in the plan, or as otherwise required by the TSX Venture Exchange. The grant of the options is subject to approval by the TSX-V. The company also granted Mr. Lalonde an aggregate of 25,000 restricted share rights (RSRs) pursuant to the company's restricted share rights plan. The RSRs granted will vest three years from the date of the award.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, B.C., EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV) technology, and transformed an innovative idea into a proven, consistent and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality and cost.

With more than 50 royalty-generating partners spanning 26 countries and five continents, EnWave's licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company's patented technology, licensed machinery and expert guidance.

EnWave's strategy is to sign royalty-bearing commercial licences with food producers that want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improving product taste, texture, colour and nutritional value.

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