Mr. Darren Bondar reports

HEMPALTA CORP. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Hempalta Corp. has released the results of its annual general and special meeting of shareholders held on April 9, 2026, in Calgary, Alta.

A total of 25,383,382 common shares were voted at the meeting, representing approximately 22.67 per cent of the company's issued and outstanding shares.

All matters presented to shareholders were approved, including:

• Election of Darren Bondar, Chris Ostafie and Anshu Khanna as directors;
• Appointment of the company's auditor;
• Approval of the company's stock option plan;
• Approval of the company's name change; and
• Approval of a share consolidation.

Corporate name change

Further to approval by over 99 per cent of the votes cast at the meeting, the company will proceed with completing the previously announced corporate name change to Next Phase Ventures Ltd. or such other name as may be accepted by the TSX Venture Exchange, subject to final regulatory approval.

Share consolidation

At the meeting, shareholders also approved a consolidation of the company's issued and outstanding common shares on a basis to be determined by the board of directors. The company does not intend to effect the consolidation immediately, and will consider the timing and implementation of the consolidation in connection with a future transaction or financing, subject to regulatory approval and market conditions.

Private placement update

Further to the company's news release dated Feb. 2, 2026, the company continues to pursue additional subscriptions under its previously announced non-brokered private placement and intends to continue accepting subscriptions in connection with this financing.

Strategic direction

As previously disclosed, the company continues to evaluate strategic initiatives to reposition its business, including opportunities within consumer-focused retail and e-commerce platforms, while continuing to operate its existing subsidiaries as distinct operating divisions.

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, a nature-based carbon solution 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 market access to support long-term value creation.

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