Dr. Carolyn Myers reports

FENDX ANNOUNCES WARRANT EXERCISES AND SHARE FOR DEBT SETTLEMENT

Fendx Technologies Inc. has received total proceeds of $785,000 from the exercise of 7.85 million share purchase warrants at a price of 10 cents per share which had an expiry date of March 10, 2024. The company issued an aggregate of 7.85 million common shares pursuant to the warrant exercises, which occurred between Feb. 28, 2024, and March 10, 2024. The proceeds from the exercise of warrants will be used for general working capital purposes. The company also announces it has completed a previously announced share for debt transaction pursuant to which it issued 500,000 common shares at a price of 22.5 cents per share to settle $112,500 of debt with a creditor. The shares issued pursuant to the share for debt transaction are subject to a hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws.

Dr. Carolyn Myers, chief executive officer and director of Fendx, stated, "We would like to thank all of our shareholders for such a strong vote of confidence, and their continued support as we continue to advance our R&D [research and development] and scale-up efforts on our nanotechnology."

About Fendx Technologies Inc.

Fendx is a Canada-based nanotechnology company focused on developing products to make people's lives safer by reducing the spread of pathogens. The company is developing both film and spray products to protect surfaces from contamination. The lead product under development, the Repelwrap film, is a protective surface coating film that, due to its repelling properties, prevents the adhesion of pathogens and reduces their transmission on surfaces prone to contamination. The spray nanotechnology is a bifunctional spray coating being developed to reduce contamination on surfaces by repelling and killing pathogens. The company is conducting research and development activities using its nanotechnology in collaboration with industry-leading partners, including McMaster University. The company has an exclusive worldwide licence to its technology and an intellectual property portfolio from McMaster, which encompass both film and spray coating nanotechnology formulations.

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