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EARLY WARNING REPORT FILED PURSUANT TO PART 3 OF NATIONAL INSTRUMENT 62-103 (THE "INSTRUMENT")

Security and Reporting Issuer

This report is made pursuant to the provisions of the securities legislation referred to above in connection with certain acquisitions of securities of RMeraki Acquisition One Inceflex Advanced Materials Corp. (the "Company"), 595 Howe Street915-700 West Pender Street, Vancouver, British Columbia, V6C 1G82T5, Canada.

Identity of Acquirer

The transaction described in item 1 involved:

Canal Front Investments Inc.

2801 Henry St, Port Moody, BC, V3H 2K1

(non-reporting company controlled by Mr. Blair Naughty, the "Acquiror")

Interest in Securities of the Reporting Issuer

On January 29, 2026June 4, 2025, the Acquiror acquired ownership and control of 236,000 common shares (the "Subject Shares") of the Company.

The Subject Shares represented approximately 5.36% of all issued and outstanding common shares of the Company as of January 29, 2026, immediately following the transaction described above, resulting in a corresponding increase in the percentage of shares held by the Acquiror as a result of the transaction.

Immediately before the transaction described above, the Acquirors held 436,000 common shares of the Company (the "Pre-Shares"), representing approximately 9.91% of the issued and outstanding common shares of the Company.

acquired ownership and control of 1,500,000 common shares (the "Subject Shares") of the Company.

Immediately before the transaction described above, the Acquiror held 6,100,000 common shares or 9.94% of the Company (the "Pre-Shares").

Immediately following the transaction described above, the Acquiror held an aggregate of 7,600,000 common shares (the "Post-Shares"), representing approximately 12.40% of the issued and outstanding common shares of the Company.

The Subject Shares represented approximately 102.4645% of all issued and outstanding common shares of the Company as of June 4, 2025, immediately following the transaction described above resulting in a corresponding increase in the percentage of shares held by the Acquiror as a result of the transaction.

Immediately before the transaction described above, the Acquiror held 6,100,000 common shares of the Company (the "Pre-Shares").

Immediately following the transaction described above, the Acquiror held an aggregate of 7,600,000 common shares (the "Post-Shares"), representing approximately 12.40% of the issued and outstanding common shares of the Company.

Consideration Paid.

The aggregate consideration payable for the Subject Shares was $21,020.00 (86,000 at $0.07 per Subject Share and 150,000 at $0.10 per Subject Share).The aggregate consideration payable for the Subject Shares was $20,000.00 (1,000,000 at $0.02 per Subject Share) and $12,500 (500,000 at $0.025 per Subject Share).

Purpose of the Transaction

The holdings of securities of the Company by the Acquiror are managed for investment purposes. The Acquiror may from time to time acquire additional securities of the Company, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions.

Agreements, Arrangements, Commitments or Understandings with respect to Securities of the Company

The Subject Shares were acquired in the open market which does not contain any provisions regarding the transfer, guarantee or voting of such securities.

Change in Material Fact.

Not Applicable.

Exemption.

Section 2.3 of National Instrument 45-106.

Certification

The undersigned certifies that the information herein is true and complete in every respect.

DATED this 304th day of JanuaryJune, 20265.

CANAL FRONT INVESTMENTS INC.

"Blair Naughty"

Blair Naughty, Authorized Signatory

File: '\\swfile\EmailIn\20260130 134940 Attachment Meraki Acquisition One Inc. - Early warning news - Blair Naughty - January 30, 2026.docx'

NEWS RELEASE

CANAL FRONT INVESTMENTS INC. ACQUIRES SECURITIES OF

MERAKI ACQUISITION ONE INC.

Vancouver, British Columbia, January 30, 2026 - Canal Front Investments Inc. (the "Acquiror") acquired ownership and control of 236,000 common shares (the "Subject Shares") of the Company.

The Subject Shares represented approximately 5.36% of all issued and outstanding common shares of the Company as of January 29, 2026, immediately following the transaction described above, resulting in a corresponding increase in the percentage of shares held by the Acquiror as a result of the transaction.

Immediately before the transaction described above, the Acquirors held 436,000 common shares of the Company (the "Pre-Shares"), representing approximately 9.91% of the issued and outstanding common shares of the Company.

Immediately following the transaction described above, the Acquiror held an aggregate of 1,004,000 common shares (the "Post-Shares"), representing approximately 15.27% of the issued and outstanding common shares of the Company.

The aggregate consideration payable for the Subject Shares was $21,020.00 (86,000 at $0.07 per Subject Share and 150,000 at $0.10 per Subject Share).

The holdings of securities of the Company by the Acquiror are managed for investment purposes. The Acquiror may from time to time acquire additional securities of the Company, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained on SEDAR+ under the profile of Meraki Acquisition One Inc.