An anonymous director reports

HEMPALTA CORP. ANNOUNCES AGM, PROPOSED CORPORATE NAME CHANGE, FINANCING UPDATE, AUDIT COMMITTEE COMPOSITION AND FILING OF ANNUAL FINANCIAL STATEMENTS

Hempalta Corp.'s board of directors has approved the calling of the company's annual general meeting of shareholders (AGM), to be held on April 9, 2026, in Calgary, Alta. Further details regarding the AGM, including the formal notice of meeting, information circular and proxy materials, will be provided to shareholders in due course in accordance with applicable corporate and securities laws.

Proposed corporate name change

In addition, the board of directors has authorized management to propose, for shareholder consideration at the AGM, a change of the company's corporate name to Next Phase Ventures Ltd. or such other name as the directors may determine, subject to shareholder approval and acceptance by the TSX Venture Exchange. The proposed name change reflects the company's intention to evolve the parent company into a diversified venture platform, while continuing to operate its existing subsidiaries, including Hempalta Processing Inc. and Hemp Carbon Standard Inc., as distinct operating divisions. The company believes the proposed name better aligns with its longer-term strategic direction, which includes diversification initiatives, leveraging its public-company infrastructure and enhancing capital markets flexibility.

Private placement update

The company also announces that it continues to pursue additional subscriptions under its previously announced non-brokered private placement and intends to continue accepting subscriptions in connection with this financing through and shortly following the upcoming AGM.

Audit committee composition and annual financial statements

The company also announces that its board of directors has constituted an audit committee, comprising all three directors, with Chris Ostafie, an independent director, appointed as chair of the audit committee. The composition of the audit committee satisfies the requirements of TSX Venture Exchange Policy 3.1, including the requirement that a majority of audit committee members be independent of management.

The audit committee has reviewed and recommended for approval, and the board of directors has approved the company's audited annual financial statements and related management discussion and analysis for the fiscal year ended Sept. 30, 2025. The company has filed its annual financial statements and MD&A on SEDAR+ in accordance with applicable securities laws.

About Hempalta Corp.

Hempalta is a TSX Venture Exchange-listed company headquartered in Calgary, Alta., focused on developing and operating businesses across emerging and evolving markets. The company operates through its subsidiaries, including Hempalta Processing, a hemp-focused operating division, and Hemp Carbon Standard (HCS), a nature-based carbon solutions platform. HCS supports the development of high-integrity carbon credit programs utilizing industrial hemp and digital measurement, reporting, and verification frameworks, including alignment with ISO 14064-2 standards. Hempalta is focused on building scalable platforms that combine operational discipline, regulatory compliance and capital markets access to support long-term value creation.

We seek Safe Harbor.