Mr. Mike Marrandino reports

MUST CAPITAL INC. ANNOUNCES CONTINUATION AND SHARE CONSOLIDATION

Following receipt of shareholder approval and subject to regulatory approval, Must Capital Inc. will continue from the Province of Ontario to the Province of British Columbia, effective July 17, 2026. The company will concurrently consolidate its common shares on the basis of 10 preconsolidation common shares for one new postconsolidation share. The company has no issued and outstanding convertible securities.

The company expects that the TSX Venture Exchange will issue a bulletin in due course, confirming that the company's common shares will commence trading on the exchange on a postconsolidation basis effective on or about the opening of trading on Friday, July 17, 2026. There will be no change to the company's name or trading symbol. The new Cusip number and ISIN (international securities identification number) for the postcontinuation, postconsolidation common shares of the company are 62818R201 and CA62818R2019, respectively.

No fractional common shares will be issued, and fractions of less than one-half of a share will be cancelled and fractions of at least one-half of a share will be converted to a whole common share. Following the consolidation and subject to rounding adjustment, the company expects to have 2,756,484 common shares issued and outstanding and no common shares reserved for issuance.

Letters of transmittal will be mailed shortly to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will not receive a letter of transmittal but will have their holdings adjusted electronically by the company's transfer agent and need not take any further action to exchange their preconsolidation shares for postconsolidation shares.

The company expects that the consolidation will provide the company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval of the continuation and the consolidation was received at the company's annual general and special meeting of shareholders held on May 5, 2026.

We seek Safe Harbor.