Mr. Jean Phaneuf reports

INFINITII AI INC. CLOSES CONVERTIBLE DEBENTURE TO FUEL GROWTH OF PROFESSIONAL SERVICES BUSINESS INITIATIVE AND ONGOING PRODUCT DEVELOPMENT

Infinitii AI Inc. has closed its recently announced private placement. Infinitii AI's chief executive officer, the company's largest shareholder, and a co-founder/long-standing investor and past member of the board of directors have all participated in the financing.

Upon closing of the private placement the company issued three million units priced at five cents per unit where each unit comprises one common share in the capital of the company and one share purchase warrant allowing the holder to purchase one share at a price of 10 cents per share until Dec. 14, 2026.

Purchasers of these units include the company's CEO Jean Charles Phaneuf, through his holding company 9299-5257 Quebec Inc., and Sheldon Inwentash, pursuant to a debt settlement agreement. Mr. Inwentash is currently the company's largest shareholder and is ThreeD Capital Inc.'s founder, chairman and CEO, while also serving as strategic adviser to Mr. Phaneuf. They are joined by Brad Scharfe, through Scharfe Holdings Inc. Mr. Scharfe is Infinitii AI's co-founder, a long-standing investor and past member of the board of directors.

The company has also issued convertible debentures with a face value of $400,000. The purchase of these debentures is led by ThreeD. These debentures carry an interest rate of 10 per cent per year compounded semi-annually, have a maturity date of Dec. 14, 2026, and are convertible along with any accrued interest into units at five cents per unit at any time before the maturity date. The warrants included in these units will have an expiry date 36 months from their issue.

In addition, the company has granted options to a consultant for the purchase of up to 500,000 shares at a price of 10 cents.

"At our recent annual general shareholders' meeting (AGM) we announced a new professional services business initiative that leverages our unique AI talent base on behalf of customers interested in adopting our technology, but unable to attract and retain staff capable of building robust machine learning algorithms," said Mr. Phaneuf. "That announcement was motivated by strong interest in the skill sets of our excellent machine learning operations team."

"To capture this revenue acceleration opportunity, Mr. Inwentash, Mr. Scharfe and I have stepped up to make what we consider to be a highly strategic investment," stated Mr. Phaneuf. "The cash will also provide synergies with our own ongoing product development efforts that have led to seven-figure sales contracts in the past year."

About Infinitii AI Inc.

Trusted since 2014 to provide environmental monitoring to many of the largest water infrastructure utilities in the United States and Canada, Infinitii AI has evolved into a machine learning software leader that serves water utility customers in cities and municipalities including Toronto, Seattle, Miami-Dade county, Montreal, Boston, Dallas, region of Peel, York region and Los Angeles county, among others. The company services customers via a trusted partner network that includes engineering and information technology services companies like AECOM, Core & Main, Kerr Wood Leidal Ltd., K2 Geospatial, and SCG Flowmetrix.

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