Mr. Doug Harris reports

SOL STRATEGIES ANNOUNCES FILING OF CORRECTIVE DISCLOSURE

Sol Strategies Inc. has refiled on SEDAR+ its interim unaudited condensed financial statements for the three and nine months ended June 30, 2025, and 2024.

The third quarter financial statements were refiled to correct errors identified through review by the company's auditor, Davidson and Company LLP.

The following changes were incorporated into the refiled Q3 financial statements:

• Reclassification of $23,588,748 of convertible debentures from long-term to current debt;
• Reallocation of $1,414,943 of convertible debentures from the liability component to $1,414,943 classification as equity within reserves and $5,625,273 classification as a deferred tax liability;
• Impact of $20,156 on profit and loss as a result of accretion changes arising as a result of the above restatements;
• Retrospective recognition of the company's Aug. 5, 2025, share consolidation, such that all common shares and per-share amounts have been restated to give retroactive effect to the share consolidation.

As the refiling was made in connection with the Ontario Securities Commission's review of the company's prospectus, the company is issuing this news release in accordance with OSC Staff Notice 51-711 (Revised) (Refilings and Corrections of Errors) and will be placed on the public list of refiling and errors in accordance with SN 51-711.

About Sol Strategies Inc.

Sol Strategies is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.

We seek Safe Harbor.