An anonymous director reports

NANALYSIS ANNOUNCES CLOSING OF FULLY SUBSCRIBED NOTE OFFERING

Nanalysis Scientific Corp. has closed its previously announced offering of 12 per cent unsecured promissory notes for aggregate gross proceeds of $2-million. The notes were issued to arm's-length third party investors (the lenders). The notes mature on June 13, 2027, and bear simple interest at a rate of 12 per cent per annum, payable annually within 30 days of the first and second anniversary date of the notes. At the company's option and subject to TSX Venture Exchange approval, the interest may be paid in cash or common shares of the company. The company intends to use the net proceeds from the offering for general corporate purposes and to support continuing business operations.

In connection with the notes, the company has issued 1.6 million common shares of the company to the lenders. The bonus shares represent a value equal to 20 per cent of the principal amount of the notes, calculated based on the market price (as defined by the TSX-V) of 25 cents per bonus share, which was the closing price of the company's common shares on June 5, 2025, prior to the announcement of the offering. The bonus shares are subject to a four-month hold period, expiring Oct. 13, 2025, in accordance with applicable securities legislation.

About Nanalysis Scientific Corp.

Nanalysis operates two primary business segments: scientific equipment and security services. Within its scientific equipment business is what the company terms MRI and NMR for industry. The company develops and manufactures portable nuclear magnetic resonance spectrometers or analyzers for laboratory and industrial markets. The NMReady-60 was the first full-feature portable NMR spectrometer in a single compact enclosure requiring no liquid helium or any other cryogens. The company has followed up that initial offering with new products and continues to have a strong innovation pipeline. In 2020, the company announced the launch of its 100-megahertz platform, which has the highest usable field on a fully featured bench top NMR on the market. In early 2025, the company launched its new 60-megahertz instrument, which is based on the successful 100-megahertz product line. The company's devices are used in many industries (oil and gas, chemical, mining, pharma, biotech, flavour and fragrances, agrochemicals, law enforcement, and more), as well as numerous government and university research labs around the world. The company is working to expand into new global market opportunities independently and with partners. With its partners, the company provides scientific equipment sales and maintenance services globally.

Within the company's security services business, the core activity is providing airport security equipment maintenance in each province and territory of Canada. In addition, the company provides commercial security equipment installation and maintenance services to a variety of customers in North America.

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