Mr. Chris Giordano reports

MIMEDIA HOLDINGS INC. ANNOUNCES JUNE 30TH INTEREST PAYMENT ON CONVERTIBLE DEBENTURES TO BE SETTLED IN SUBORDINATE VOTING SHARES

Mimedia Holdings Inc. has given 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 supplemental convertible debenture indentures dated July 20, 2023, and March 13, 2026, 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 coming June 30 interest payment on the outstanding debentures in subordinate voting shares.

The number of subordinate voting shares to be issued to each holder of the 10 per cent debentures will be determined by dividing the amount of the interest payment payable to such holder, being an amount equal to $20.60 for each $1,000 principal amount of debentures outstanding from Dec. 31, 2025, to March 13, 2026, and $36.80 for each $1,000 principal amount of debentures outstanding from March 13, 2026, to the interest payment date, and $62.50 for each $1,000 principal amount of the 12.5 per cent debentures, respectively, by the market price (as defined in TSX Venture Exchange Policy 1.1 (Interpretation)) per subordinate voting share on June 30, 2026. Interest in an aggregate amount of approximately $425,268 will be satisfied in subordinate voting shares. The record date for the interest payment is June 23, 2026.

About Mimedia Holdings Inc.

Mimedia 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 engaged users all around the world.

We seek Safe Harbor.