Mr. Jeff Swainson reports

SIMPLY SOLVENTLESS PROVIDES UPDATE ON FILING OF 2025 ANNUAL FINANCIAL STATEMENTS AND RELATED MANAGEMENT'S DISCUSSION AND ANALYSIS AND MANAGEMENT CEASE TRADE ORDER

Simply Solventless Concentrates Ltd. has provided an update regarding the filing of its audited annual financial statements for the year ended Dec. 31, 2025, the related management's discussion and analysis, and related chief executive officer and chief financial officer certificates, and its previously announced management cease trade order issued by the company's principal regulator, the Alberta Securities Commission, under National Policy 12-203 (Management Cease Trade Orders) on May 4, 2026.

The annual filings and the company's interim financial statements for the three months ended March 31, 2026, the related management's discussion analysis, and related CEO and CFO certificates are expected to be finalized by June 18, 2026, and the company has obtained ASC approval to extend the MCTO to that time.

As previously announced, pursuant to the MCTO, management of the company may not trade in securities of the company until such time as the company files the financials and the MCTO is revoked. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company. The company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements.

The company confirms that: (a) there have been no material changes to the information contained in the default announcement issued on April 30, 2026, that would reasonably be expected to be material to an investor except the company would like to clarify that any delay in the filing or audit was not due to its appointment of BDO Canada LLP as the new auditor and the company expects there will be no further delays or requested extensions to the MCTO request nor has there been any failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203.

Other than as disclosed herein, the company is up to date in its filing obligations.

About Simply Solventless Concentrates Ltd.

Simply Solventless is a public company incorporated under the Business Corporations Act (Alberta). Simply Solventless's mission is to provide pure, potent, terpene-rich ready-to-consume cannabis products to discerning cannabis consumers.

We seek Safe Harbor.