Ms. Andrea Aranguren reports

MINEHUB ANNOUNCES CLOSING OF FIRST TRANCHE OF LIFE OFFERING

MineHub Technologies Inc. has closed the first tranche of its previously announced private placement of units of the company. The offering was completed by ATB Securities Inc. acting as the lead agent and sole bookrunner, on a best effort agency basis, together with Haywood Securities Inc. Pursuant to the offering, the company issued 7,063,684 units at a price of 95 cents per unit for aggregate proceeds of $6,710,499.80, which includes the full exercise of the agent option. The company expects to complete the second tranche of the offering, composed of 526,316 units for aggregate gross proceeds of $500,000.20, on or about Dec. 15, 2025.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant is exercisable to acquire one common share at an exercise price of $1.35 per warrant share until Dec. 10, 2027.

The offering was completed on a private placement basis: (i) in reliance on the listed issuer financing exemption from the prospectus requirements available under Part 5A.2 of National Instrument 45-106 (Prospectus Exemptions) as modified by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) in each of the provinces and territories of Canada; (ii) in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended; and (iii) in such other jurisdictions other than Canada and the United States pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. In accordance with the LIFE, the securities issued pursuant to the offering are not subject to a hold period pursuant to applicable Canadian securities laws.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

In connection with the closing of the offering, the company issued the agents compensation options exercisable to acquire common shares at the offering price until Dec. 10, 2027. The compensation options are subject to a four-month-and-a-day hold period, which will expire on April 11, 2026.

Certain insiders of the company participated in the offering, which participation constitutes a related-party transaction, as defined in Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions). The issuance of units to insiders is exempt from the valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101, and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.

About MineHub Technologies Inc.

MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodity supply chains in a digitally integrated workflow powered by data that are usable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.

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