Mr. Howie Honeyman reports

FORWARD WATER TECHNOLOGIES CORP. SUCCESSFULLY CLOSES NON-BROKERED PLACEMENT

Forward Water Technologies Corp. has closed its previously announced non-brokered private placement raising total gross proceeds of $462,000.

The offering involved the issuance of 9.24 million units at a price of five cents per unit. Each unit was composed of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to acquire one common share of the company at a price of 7.5 cents per share at any time on or before Oct. 20, 2026.

"We are pleased to have completed this non-brokered private placement," said Howie Honeyman, chief executive officer and president of the company. "The funds raised included significant follow-on investment from key shareholders, management and insiders. Proceeds from the raise will be used to support our strategic initiatives, including commercial and customer development, as well as general working capital. We appreciate the support and confidence shown by our investors as we continue to pursue our objectives."

The securities issued in connection with the offering are subject to a hold period of four months and one day.

Pursuant to the offering, the company issued securities to certain purchasers that are considered to be related parties (within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101)), making the offering a related-party transaction (within the meaning of MI 61-101). The company was exempt from obtaining a formal valuation for, and minority approval of, the related-party subscriptions pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively.

Firstline Venture Partners Corp. subscribed for a total of three million units pursuant to the offering. John Koehle is the principal and a managing director of Firstline Venture Partners, a director of the company and a related party of the company (within the meaning of MI 61-101). Firstline Venture Partners now beneficially owns, or exercises control or direction over, 29,664,296 common shares (or approximately 25.25 per cent of the issued and outstanding common shares, up from 24.6 per cent prior to the closing of the offering).

Lea Ray subscribed for a total of 180,000 units pursuant to the offering. Ms. Ray is a director of the company and a related party of the company (within the meaning of MI 61-101). Ms. Ray now beneficially owns, or exercises control or direction over, 290,000 common shares (or approximately 0.25 per cent of the issued and outstanding common shares, up from 0.10 per cent prior to the closing of the offering).

Grant Thornley subscribed for a total of 60,000 units pursuant to the offering. Mr. Thornley is an officer of the company and a related party of the company (within the meaning of MI 61-101). Mr. Thornley now beneficially owns, or exercises control or direction over, 226,666 common shares (or approximately 0.19 per cent of the issued and outstanding common shares, up from 0.15 per cent prior to the closing of the offering).

The material change report to be filed in connection with the private placement will be filed less than 21 days prior to the closing of the offerings. The shorter period was necessary in order to permit the company to close the private placement in a time frame consistent with usual market practice for transactions of this nature.

About Forward Water Technologies Corp.

The company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial waste water, oil and gas, mining, agriculture, and ultimately municipal water supply and reuse market sectors. In addition, the company has initiated early-stage R&D (research and development) for the treatment of food and beverage process streams.

We seek Safe Harbor.