Mr. Kenneth Ralfs reports

LIGHTSPEED DISCOVERIES PROVIDES UPDATE ON FINANCING

Further to its news release dated March 10, 2026, Lightspeed Discoveries Inc. has received conditional acceptance from TSX Venture Exchange in connection with its previously announced private placement of up to 20 million shares at 1.5 cents per share for egross proceeds of $300,000. The company anticipates closing the offering before or on May 1, 2026.

The proceeds from the offering will be used for general working capital, with no specific use of proceeds representing 10 per cent or more of the gross proceeds, nor will proceeds be used for investor relations activities or payments to non-arm's-length parties of the company.

All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation in Canada.

We seek Safe Harbor.