Ms. Carolyn Myers reports

FENDX PROVIDES CORPORATE UPDATE

Fendx Technologies Inc. has completed its previously disclosed debt settlements from July 8, 2025. The company issued 1,249,024 common shares at 8.2 cents per share to settle $102,420 of debt, and 8,781,969 units at six cents per unit to settle an aggregate of $526,918.20 of debt with various creditors, including insiders of Fendx.

Each unit comprised one share and one transferable share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at a price of 10 cents per warrant share for a period of 36 months. The company may accelerate the expiry of the warrants should the daily closing price of the shares on the Canadian Securities Exchange, or any other exchange where the shares may then be listed, reach or surpass 20 cents per share for 20 consecutive trading days by giving notice via news release and, in such case, 100 per cent of the then unexercised warrants will expire on the 30th day after the date on which the news release is disseminated.

The company is carrying out the debt settlements to improve its financial position by reducing its existing liabilities. The securities issued pursuant to the debt settlements are subject to a hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws. No new control person or insiders will be created pursuant to the debt settlements.

Two insiders participated in the debt settlements to settle and aggregate of $435,043.20 in debt, each of which settlement is considered a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions (MI 61-101). The company is relying on the exemptions from the formal valuation and minority approval requirements found in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the debt settlements with the insiders is not more than 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the debt settlements, which the company deems reasonable in the circumstances as the company wishes to improve its financial position by reducing its existing liabilities as soon as possible.

About Fendx Technologies Inc.

Fendx is a surface protection company leveraging its proprietary technology to develop product solutions that help reduce the spread of harmful pathogens in everyday environments. The company is advancing an eco-friendly, smart sponge designed to deliver effective cleaning while minimizing environmental impact. This innovative product complements Fendx's broader pipeline, which includes Repelwrap film, a protective surface coating with repelling properties that significantly reduce adhesion and transmission of pathogens on high-touch surfaces, and a spray-based coating with similar functionality. Additionally, the company is developing specialized catheter coatings, with its first coating being for Foley catheters. The company holds an exclusive supply agreement for the eco-sponge and an exclusive licence to certain intellectual property related to the use of the sponge, as well as exclusive worldwide licences and intellectual property for its coating technologies.

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