Mr. David Atkinson reports

EARTHWORKS UPDATES WOKAURA TRANSACTION AND CRITICAL MINERALS RECYCLING AND RECOVERY PLATFORM

Earthworks Industries Inc. has provided an update as it advances its strategic evolution into the critical minerals recycling and recovery sector. Further to its previously announced acquisition of intellectual property from Wokaura Art & Innovations Inc. in a news release dated Feb. 13, 2026, the company confirms that the transaction has been submitted for review by the TSX Venture Exchange.

In alignment with its evolving business strategy, the company has initiated a corporate transition to support operational execution of the next phase of growth. These changes are intended to align the company with the appropriate organization to execute on its new growth strategy within the critical minerals recycling and recovery sector.

The company has begun preliminary review of potential locations for the deployment of its initial recovery systems. Current activities include reviewing potential sites within target regions for initial system deployment, engaging with the company's stakeholders and industry participants across recycling and materials handling sectors, and potential acquisitions or joint venture opportunities that may complement the company's model.

The company's approach is centred on scalable, modular systems that can be deployed efficiently and expanded over time. Initial discussions to date have indicated a strong level of alignment that this strategic direction represents a timely and relevant opportunity for the company.

Earthworks has an established foundation in environmentally responsible waste handling. The integration of the Wokaura system represents an expansion of this expertise into the critical minerals recycling and recovery sector. The platform is focused on recovering valuable critical metals from existing material streams, supporting the development of domestic and regional supply chains, advancing environmentally responsible processing solutions and building scalable recovery infrastructure.

Global demand for critical minerals to continues to accelerate, driven by electrification, advanced manufacturing, defence technologies and the buildout of energy infrastructure. Western economies are facing increasing pressure to secure stable, domestic and environmentally responsible sources of these materials. These supply chains are further constrained by long domestic development timelines and permitting complexity for new primary projects.

David Atkinson, chief executive officer of Earthworks, commented: "We are taking deliberate steps to position Earthworks for its next phase of growth. Alongside our operational transition, we have begun early stage work around potential deployment and industry engagement. We believe this direction builds on our existing strengths while opening the door to new opportunities in critical mineral recovery, where demand for timely, responsible and scalable solutions continue to grow."

About Earthworks Industries Inc.

Earthworks Industries is a publicly listed company focused on advancing innovative solutions across the materials recovery and infrastructure value chain, with an emphasis on efficiency, scalability and long-term sustainability.