Mr. Dean Hanisch reports

MANDEVILLE VENTURES PROVIDES UPDATE ON PROPOSED QUALIFYING TRANSACTION WITH QUANTROPI INC.

Mandeville Ventures Inc. has extended the period for the completion of due diligence and the negotiation and execution of a definitive agreement in respect of its proposed business combination with Quantropi Inc. announced on Dec. 29, 2025, and updated on May 31, 2026, from April 17, 2026, to April 24, 2026. There were no other changes to the terms of the proposed transaction as previously announced.

In accordance with the policies of the TSX Venture Exchange, the Mandeville shares are currently halted from trading and will remain halted until such time as the TSX-V determines, which, depending on the policies of the TSX-V, may not occur until completion of the proposed transaction.

There can be no assurance that the parties will enter into a definitive agreement or that the proposed transaction will be completed as proposed or at all.

Completion of the proposed transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and, if applicable pursuant to exchange requirements (as that term is defined in the policies of the TSX-V), majority of the minority shareholder approval. Where applicable, the proposed transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the proposed transaction will be completed as proposed or at all.