Mr. Francis Letourneau reports

NURAN ANNOUNCES CLOSING OF THE RESTRUCTURING TRANSACTION AND INITIAL TRANCHE OF ADDITIONAL DEBT SETTLEMENTS

Further to Nuran Wireless Inc.'s press releases dated Dec. 5, 2025, and Dec. 16, 2025, the company closed the restructuring transaction on Dec. 22, 2025. As described in the Dec. 5 NR, the restructuring transaction resulted in the company issuing an aggregate of 10,380,618 units (as defined in the Dec. 5 NR), at $2.89 per unit, which included cash subscriptions of $3,025,068, debt settlements of $6,127,629 and the acquisition of the factoring company for $20,802,303.09.

In addition, as explained in the Dec. 5 NR and the Dec. 16 NR, the company also closed an initial tranche of the additional amounts, issuing an aggregate of 2,124,580 units, at $2.89 per unit, which included cash subscriptions of $2,574,932, and debt settlements of $3,565,127. The company is working toward closing out the remaining room in the additional amounts prior to the fiscal year-end.

All securities issued are subject to a statutory four-month-and-one-day hold period, and such further restrictions as may apply under foreign securities laws.

In addition, the company is pleased to announce the appointment of Joseph Labkowski as a director of the company. Mr. Labkowski is a non-profit chief executive with over 20 years of experience in strategy, operations and stakeholder management. Since 2004, he has served as executive director of the Chabad Jewish Center of Cape Coral, effectively functioning as its chief executive officer and overseeing budgeting, financial stewardship, staff and volunteer management, vendor and contractor oversight, and day-to-day operations. He has led multiple capital projects from concept through completion, including the planning, fundraising and construction of a modern community centre, initiatives that required long-range planning, disciplined budget control, co-ordination with local authorities, and continuous engagement with donors and other stakeholders. In this role, Mr. Labkowski works closely with boards, advisers and public officials, regularly reporting on performance, risk and policy implementation, and is known for clear communication and an ability to align diverse interests. He brings governance experience, stakeholder and community-relations skills, and oversight of long-term, capital-intensive projects, providing a complementary perspective to financially and technically focused directors on a public-company board.

About Nuran Wireless Inc.

Nuran Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably.

We seek Safe Harbor.