Mr. Mark Binns reports

HOPEFIELD VENTURES TWO INC. COMPLETES QUALIFYING TRANSACTION WITH CARRIER CONNECT SYSTEMS LTD.

Carrier Connect Data Solutions Inc. (formerly, Hopefield Ventures Two Inc.) has closed its previously announced qualifying transaction pursuant to Policy 2.4 (Capital Pool Companies) of the TSX Venture Exchange. Trading in the common shares of Hopefield was previously halted on Sept. 16, 2024, at the request of Hopefield in connection with the announcement of the qualifying transaction. Trading in the common shares of the resulting issuer is expected to commence on the TSX-V at the end of next week under the symbol CCDS, following the issuance by the TSX-V of its final bulletin in respect of the qualifying transaction.

Pursuant to the qualifying transaction, Hopefield acquired all of the issued and outstanding common shares of Carrier Connect Systems Ltd. in exchange for the issuance of an aggregate of 3.6 million resulting issuer shares to the former securityholders of Carrier and by causing Carrier to pay to certain creditors of Carrier an aggregate of $100,000. Immediately prior to the closing of the qualifying transaction, Hopefield consolidated its issued and outstanding common shares on a one-for-2.98125 basis and changed its name to Carrier Connect Data Solutions Inc. After giving effect to the consolidation and payment of the consideration shares, there are 9.6 million resulting issuer shares issued and outstanding. The new Cusip number for the resulting issuer shares is 14446B108, and the new ISIN is CA14446B1085.

The newly constituted board of directors of the resulting issuer consists of the following four directors: Mark Binns, Johan Arnet, Peter Smyrniotis and Mitch Demeter. Mr. Binns will continue as chief executive officer, Zula Kropivnitski will serve as chief financial officer, and Mr. Arnet will serve as chief technology officer and corporate secretary of the resulting issuer. Carrier continues as a wholly owned subsidiary of the resulting issuer.

Further details of the qualifying transaction are contained in news releases of Hopefield dated Sept. 17, 2024, Oct. 23, 2024, Nov. 6, 2024, and Feb. 5, 2025. Readers are also referred to the filing statement of Hopefield dated Jan. 31, 2025, which was prepared in accordance with the requirements of the TSX-V and is filed under the resulting issuer's issuer profile on SEDAR+.

Early warning disclosure

Upon completion of the qualifying transaction, Thinsolution Inc., a private company controlled by Mr. Arnet, acquired 2.88 million resulting issuer shares in exchange for its shares in Carrier. As a result of the qualifying transaction, Thinsolution has ownership and control over 30 per cent of the resulting issuer shares on a non-diluted basis. Prior to the completion of the qualifying transaction, Thinsolution had no ownership or control over the resulting issuer. Thinsolution does not currently have any plan to acquire or dispose of additional securities of the resulting issuer. However, Thinsolution may acquire additional securities of the resulting issuer, may dispose of some of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions.

An early warning report will be filed by Thinsolution on SEDAR+. A copy of the early warning report can also be obtained from: Thinsolution care of Carrier Connect Data Solutions, Suite 2200, 885 West Georgia St., Vancouver, B.C., V6C 3E8; or telephone: 604-681-0084.

About the resulting issuer

The resulting issuer operates a Tier 2/3 data centre located in downtown Vancouver, B.C., and specializes in delivering co-location and data centre solutions to service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral facility, the resulting issuer's systems are fully independent and owned outright within its leased space. The current principal market for the resulting issuer is the Vancouver metropolitan area, where it serves clients which use its facility either as their primary data centre or as an ancillary site depending on their needs.

Further information

All information contained in this press release with respect to Hopefield, Carrier and the resulting issuer was supplied by the applicable party for inclusion herein, without independent review by the other parties, and each party and its directors and officers have relied on the other parties for any information concerning the other parties.

We seek Safe Harbor.