Mr. Chris Giordano reports

MIMEDIA HOLDINGS INC. ANNOUNCES DECEMBER 31ST INTEREST PAYMENT ON CONVERTIBLE DEBENTURES TO BE SETTLED IN SUBORDINATE VOTING SHARES

Mimedia Holdings Inc. is giving notice to the holders of its outstanding 10 per cent unsecured convertible debentures and 12.5 per cent unsecured convertible debentures, in accordance with Section 2.12(3) of the convertible debenture indenture dated March 14, 2023, as supplemented by a supplemental convertible debenture indenture dated July 20, 2023, and Section 2.10(3) of the convertible debenture indenture dated June 27, 2025, between the company and Odyssey Trust Company that, subject to the approval of the TSX Venture Exchange, the company will make its upcoming Dec. 31 interest payment on the outstanding debentures in subordinate voting shares.

The number of subordinate voting shares to be issued to each holder of the debentures will be determined by dividing the amount of the interest payment payable to such holder, being an amount equal to $50.00 for each $1,000 principal amount of 10 per cent debentures, and $63.54 for each $1,000 principal amount of 12.5 per cent debentures, by the market price (as defined in TSX Venture Exchange Policy 1.1 -- Interpretation) per subordinate voting share on Dec. 31, 2025. Interest in an aggregate amount of approximately $405,777 will be satisfied in subordinate voting shares. The record date for the interest payment is Dec. 22, 2025.

About Mimedia Holdings Inc.

Mimedia Holdings provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement.

We seek Safe Harbor.