Mr. Chris Giordano reports

MIMEDIA ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF $6,000,000

Mimedia Holdings Inc., further to its news release dated Feb. 25, 2026, has closed its non-brokered private placement, issuing an aggregate of 24 million subordinate voting shares in the capital of the company, at a price of 25 cents per offered share, for aggregate gross proceeds of $6-million.

The net proceeds from the offering are expected to be used to support growth initiatives and operations and for general working capital purposes.

The offering remains subject to the final approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws and TSX-V policies.

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. Mimedia partners with smart phone makers and telecom carriers globally, and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

We seek Safe Harbor.