GEEKCO ANNOUNCES A PROPOSED SHARES FOR DEBT

MONTRÉAL, April 1, 2026 /CNW/ - Geekco Technologies Corporation (the "Corporation" or "Geekco") (TSXV: GKO) announces that it has agreed with Mario Beaulieu, its director and Chief Executive Officer, to initiate steps toward settling a portion of its unpaid net compensation for his employment as officer of Geecko for an aggregate amount of $20,112.52 into 402,250 Class A share of the share capital of the Corporation (each a "Common Share") at a price per share of $0.05 each (the "Mario SFD"). In this manner, Geekco intends to preserve cash and strengthen Geekco's balance sheet. Each issued Common Share will be subject to a four-month and one-day resale restriction period from the closing date of the Mario SFD under the applicable securities laws. The Mario SFD is subject to the approval of the TSX Venture Exchange (the "TSXV") and any other applicable regulatory approvals.

Should the Mario SFD occur, Mario Beaulieu, director and Chief Executive Officer of Geekco, would subscribe directly to 402,250 Common Shares for gross proceeds of $20,112.52. Should the Mario SFD close, his shareholding would increase from nil to 0.4% on an undiluted basis (and increased by approximately 0.3% to reach approximately 2.1% on a partly diluted basis). Such transaction is a "related party transaction" as defined under Multilateral Instrument ("MI 61-101") and is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Corporation's securities are listed on the TSXV and the fair market value of any security issued to, or the consideration paid, does not exceed 25% of the Corporation's market capitalization. The Corporation did not file a material change report pertaining to the insider's interest more than 21 days before the closing of the Mario SFD, as the details of this insider's participation had not been confirmed at that time. The board members of the Corporation unanimously, but excluding Mario Beaulieu, reviewed the state of the financial market and determined that the terms and conditions of the Mario SFD, including the subscription of the related party, were fair and equitable and represented the best strategic financing option available. In addition, neither the Corporation nor the said related party has knowledge of any material information concerning the Corporation or its securities that have not been generally disclosed.

ABOUT GEEKCO

Geekco is at the forefront of innovative technology solutions that are reshaping modern marketing while driving economic activity across cities and neighborhoods by connecting consumers and businesses like never before. Its TellMe application allows users to discover nearby businesses in real time through an interactive map, access promotions and exclusive offers, and explore employment opportunities. For businesses, it provides a powerful platform to boost visibility, drive foot traffic, gather actionable data and measurable insights, and recruit future employees—all within a single, integrated application.

The TSX Venture Exchange and its regulation services provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this release.

Website: https://geekcotechnologies.com/

SOURCE Geekco Technologies inc

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