Mr. David Johnston reports

HAVILAND ENVIRO CORP. PROVIDES UPDATE ON PROPOSED QUALIFYING TRANSACTION WITH XOGEN TECHNOLOGIES INC.

Further to the press release dated May 9, 2023, Haviland Enviro Corp. and Xogen Technologies Inc. have entered into an amending agreement dated Jan. 26, 2026, to amend the terms of the letter of intent dated May 9, 2023, as amended.

Pursuant to the amending agreement, the outside date for the proposed transaction between the company and Xogen has been extended to June 30, 2026, and the requirement to enter into a definitive agreement has been extended to April 30, 2026. All other material terms of the LOI remain unchanged. The closing of the proposed transaction is subject to, among other items, Xogen completing a private placement for minimum gross proceeds of $500,000 (as further described in the May press release).

The company is currently halted from trading pending final exchange approval of the proposed transaction.

About Xogen Technologies Inc.

Xogen is a private company incorporated on June 3, 2004, under the laws of the Province of Alberta. Xogen is a cleantech company in the water sector that has developed a proprietary advanced electro-oxidation technology for the treatment of ammonia and other contaminants in water. During the process of treating these contaminants, the Xogen system generates valuable offgases, hydrogen, oxygen and nitrogen with trace amounts of carbon dioxide. All of these gases can be recaptured as a cost benefit to operating the system. Xogen has demonstrated the viability of its system with pilot plants at a number of landfill sites in Canada and the United States. Xogen also has a commercial-scale pilot plant installed at the University of Massachusetts to demonstrate treatment efficacy to potential U.S. customers.

About Haviland Enviro Corp.

The company is a capital pool company, and its common shares are listed for trading on the TSX Venture Exchange under the symbol HEC.P. The company has not commenced commercial operations and has no assets other than cash.

Further information

Further details about the proposed transaction will be provided in a comprehensive press release if and when the parties enter into a definitive agreement and in the disclosure document to be prepared and filed in respect of the proposed transaction. Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the proposed transaction, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX-V has in no way passed upon the merits of the proposed transaction.

We seek Safe Harbor.