Vancouver, British Columbia--(Newsfile Corp. - August 28, 2026) - Luka Capital Corp. (TSXV: LUKA.P) (the "Company"), a capital pool company, wishes to issue corrective disclosure regarding the number of securities deposited into escrow pursuant to the policies of the TSX Venture Exchange (the "Exchange") in connection with the Company's initial public offering (the "Offering") which closed on August 25, 2026. The Company issued an aggregate of 5,000,000 common shares in its authorized share structure ("Common Shares") to purchasers in British Columbia and Alberta at a purchase price of $0.10 per Common Share for gross proceeds to the Company of $500,000. Following the closing of the Offering, a total of 10,400,000 Common Shares are issued and outstanding.

The Company's news release dated August 25, 2026 incorrectly stated the number of Shares held in escrow as 5,637,900. The correct number of Shares which have been deposited into escrow is 6,013,000.

The following disclosure pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") corrects the disclosure made in the Company's news release dated August 25, 2026. Neil Currie (CEO, CFO, Corporate Secretary and Director), Arlen Hansen (Director) and Ryan Iverson (Director) (together, the "Insiders") subscribed (either personally or through their Associates (as defined in the policies of the Exchange)) in the Offering for 210,500 Shares, 292,500 Shares, and 110,000 Shares, respectively. The participation by the Insiders in the Offering was a related-party transaction under MI 61-101. The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the shares purchased by the Insiders nor the consideration paid exceeds 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details of the Offering and the participation therein by the Insiders was not settled until recently and the Company wished to close on an expedited basis for sound business reasons.

For further information, please see the Company's prospectus dated June 26, 2026, available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311981