Mr. Cale Moodie reports

NEPTUNE RECEIVES FIRST TRANCHE OF FREE-TRADING SPACEX SHARES

Neptune Digital Assets Corp. has provided an update on its investment in Space Exploration Technologies Corp. following the successful SpaceX initial public offering.

Key highlights:

• Initial liquid position: Neptune has received its first tranche of 29,879 SpaceX shares (net of fees) following the expiration of the initial lock-up period. These shares are freely tradable and valued at approximately $6.1-million.
• Significant valuation growth: Neptune holds a total of approximately 163,000 SpaceX shares, acquired at an average cost of roughly $20 (U.S.) per share for a total cost of $3.3-million (U.S.).
• Current market value: Based on SpaceX's current market price of approximately $146 (U.S.) per share, Neptune's total position is valued at $24-million (U.S.) ($33-million (Canadian)) representing an over seven times multiple on the original investment.

The remaining shares in Neptune's portfolio will be systematically released in strict accordance with the predetermined lock-up release schedule. To date, Neptune has not liquidated any of its SpaceX holdings.

"We initially invested in SpaceX because of our deep conviction that it would evolve into one of the most consequential and valuable technology companies on Earth," stated Cale Moodie, chief executive officer of Neptune. "The recent IPO has unlocked tremendous value and liquidity for Neptune shareholders. We continue to see extraordinary upside ahead, and SpaceX remains a cornerstone, long-term holding for our company."

Neptune views SpaceX as a dominant force uniquely positioned at the intersection of rapidly expanding global industries, including satellite communications, launch services and orbital infrastructure. Moving forward, Neptune intends to actively manage this position to maximize long-term shareholder value.

This investment underscores Neptune's broader corporate mandate: combining its robust core digital asset portfolio with highly selective allocations into frontier technology businesses capable of driving exponential long-term growth.

About Neptune Digital Assets Corp.

Neptune Digital 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 proof-of-stake mining, blockchain nodes, decentralized finance and other associated cutting-edge technology. Its unwavering commitment to innovation and strategic growth enables it to continually explore new opportunities and maximize value for its shareholders.

We seek Safe Harbor.