Mr. Curtis White reports

NETWORK MEDIA ANNOUNCES OFFERING OF CONVERTIBLE DEBENTURES AND DEBT SETTLEMENT

Network Media Group Inc. intends to undertake a non-brokered private placement offering of convertible debentures to raise gross proceeds of $650,000. The principal sum of the debentures will bear interest at the rate of 12 per cent per annum and will mature on the date that is 24 months from the date of issuance.

The principal amount of the debentures may, at the election of the holders at any time prior to maturity date, be converted into shares of the company at a conversion price of 50 cents per conversion share. The debentures and conversion shares are collectively referred to herein as the securities.

The offering is subject to certain conditions, including, but not limited to, receipt of TSX Venture Exchange approval. The debentures and conversion shares issuable upon the conversion thereof will be subject to a statutory hold period of four months and one day from the date of issuance. Closing of the offering is expected to be on or before Sept. 30, 2025.

The debentures will be offered pursuant to one or more prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106, Prospectus Exemptions.

The company is also pleased to announce that it has entered into an agreement to settle $350,000 of outstanding debt owing to certain directors of the company. The company will issue 1.15 million common shares to the debtors at a deemed price per share of 15 cents to settle the debt.

The settlement shares will be issued as a non-arm's-length transaction as the debt is owing to certain directors. The debt settlement will not result in the creation of a new control person or insider of the company.

The issuance of the settlement shares are subject to the approval of the TSX Venture Exchange. The settlement shares will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX-V.

The issuance of the settlement shares to the debtors constitutes a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as provided in sections 5.5(a) and 5.7(1)(a) of MI 61-101, since the fair market value of the settlement shares issued, and the consideration paid, does not exceed 25 per cent of the company's market capitalization.

The debt settlement was reviewed and approved by the company's independent director.

About Network Media Group Inc.

Network Media Group is the parent company of Network Entertainment Inc.

Network Entertainment is a creatively driven, boutique film, television and digital content production company that creates, finances and produces award-winning programming for television, digital platforms and movie audiences around the world.

The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners.

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