Mr. Murray Keating reports

International Parkside Products Inc. has clarified its press release dated May 20, 2026, at the request of the TSX Venture Exchange. The company confirms that it has arranged a demand loan in the amount of $75,000 from a director/officer of the company. The loan bears interest at 11 per cent, payable monthly and on demand. The proceeds of the loan will be issued for continued corporate operations, and, in particular, the transaction is designed to improve the financial position of the company. The company will not be issuing any bonus shares as previously disclosed.

Since the loan was provided by a director, this constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the loan exceeds 25 per cent of the company's market capitalization. The company did not file a material change report 21 days prior to the closing date as details of the respective participation of such insiders in the offering was unknown at such time.