Mr. Cale Moodie reports

NEPTUNE REPORTS ROBUST GROWTH, STRATEGIC EXPANSION AND COMPREHENSIVE NET INCOME OF $24.6 MILLION FOR THE NINE MONTHS ENDED MAY 31, 2025

Neptune Digital Assets Corp. has released its condensed consolidated interim financial statements and management discussion and analysis for the nine months ended May 31, 2025.

Neptune has reported robust financial and operational growth through May 31, 2025, underscoring its strategic focus on digital assets and transformative investments:

• Total assets grew to $82.2-million: As at May 31, 2025, the 62-per-cent increase over the Aug. 31, 2024, fiscal year-end was driven by growth in digital currencies, which more than doubled from $31.3-million to $64.9-million.
• Bitcoin holdings strengthened: Neptune's current bitcoin treasury grew to approximately 405 bitcoin (BTC), valued at $65.8-million, with an average cost of $33,011 (U.S.) per BTC. Expansion continues via mining, staking conversions and direct acquisitions, reinforcing a long-term accumulation strategy in the world's most valuable digital asset.
• Solana position expanded: Current holdings total 35,460 solana (SOL), up from an initial 26,964 SOL at an average cost of $64 (U.S.). Staking strategies and partnerships have supported sustained growth and value capture. Neptune currently has open options trades representing an additional 3,000 SOL.
• Revenue update: Gross revenues for nine months ended May 31, 2025, reached $1.8-million, sourced from bitcoin mining, staking, defi (decentralized finance) and other activities. A decline from $2.5-million in the same period of the prior year reflects the impact of posthalving mining revenue reductions.
• Top digital asset holdings: Neptune's largest positions are 405 BTC, 35,457 SOL and 216,814 ATOM, alongside diversified positions in ETH, DOGE, DOT, S (formerly FTM), DASH, GRT, OCEAN and others.
• Adding to strategic investments in SpaceX: Neptune continues to expand its stake in frontier industries beyond blockchain, such as acquiring ownership of SpaceX shares. The company's shares of SpaceX are valued at approximately $8.2-million as of May 31, 2025. Neptune continues to evaluate acquiring additional SpaceX shares based on private marketing terms and underlying fundamentals of such investment.
• Liquidity update: Neptune maintains a $25.0-million (U.S.) revolving line of credit with Sygnum Bank, of which $6.4-million (U.S.) is currently drawn.

"With bitcoin recently reaching new all-time highs and the U.S. GENIUS Act establishing a federal framework for stablecoins, Neptune's strategic positioning and asset expansion are aligned with the most significant developments in the digital asset sector to date," said Cale Moodie, Neptune's chief executive officer. "As the digital asset ecosystem enters a new phase of mainstream integration, Neptune remains well capitalized, strategically diversified and poised to benefit from the expanding global demand for blockchain-based financial infrastructure."

About Neptune Digital Assets Corp.

Neptune is one of the first publicly traded blockchain companies in Canada, and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem, including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance and other associated cutting-edge technology. The company's unwavering commitment to innovation and strategic growth enables Neptune to continually explore new opportunities and maximize value for its shareholders.

We seek Safe Harbor.