Mr. Francis Letourneau reports

NURAN WIRELESS SECURES USD 12 MILLION DEBT FINANCING MANDATE LETTER, LAUNCHES IN IVORY COAST AND ACCELERATES AFRICAN EXPANSION

Nuran Wireless Inc. has received a landmark mandate letter from Afrigreen Debt Impact Fund for a proposed senior debt financing of up to $12-million (U.S.) -- its largest financing milestone to date -- to accelerate the deployment of mobile and broadband infrastructure across multiple African nations. Structured as a multicountry, multicurrency, multitranche facility through Nuran Wireless Africa Holding, this financing is designed to unlock the next wave of site development, bringing reliable 2G, 3G, and 4G coverage to communities that have long been left behind by traditional telecoms. The mandate letter marks a decisive inflection point in Nuran's mission to connect over one billion underserved people worldwide.

The proposed financing remains subject to customary conditions, including completion of due diligence, internal approvals, negotiation and execution of definitive financing documentation, and satisfaction of applicable conditions precedent. There can be no assurance that definitive transaction documents will be executed or that the proposed financing will be completed on the terms currently contemplated, or at all. Nuran will provide further updates as appropriate and in accordance with its continuous disclosure obligations.

Operational highlights: new country entry and technology expansion

Nuran has successfully deployed its first towers in Ivory Coast, marking the company's entry into yet another sub-Saharan African market. The new sites are equipped with advanced 4G transmission technology, delivering high-speed mobile connectivity to underserved rural communities for the first time.

Nuran has commenced the rollout of 3G technology in Cameroon in response to surging demand for higher data capacity and enhanced connectivity -- a critical upgrade that deepens the company's presence in one of its core markets.

Management commentary

"This mandate letter with Afrigreen is a defining moment for Nuran," said Francis Letourneau, director and chief executive officer. "Combined with our expansion into Ivory Coast and the 3G upgrade in Cameroon, we are executing on every dimension of our growth strategy -- securing the capital, deploying the infrastructure and reaching the communities that need connectivity most. We are building something meaningful."

Update on regulatory filings

As previously disclosed on Jan. 28, 2026, the company is finalizing the material change report required under Section 14.2 of Form 51-102F5 in connection with Advance Factoring Inc. and the restructuring transaction, which it expects filing very shortly. Nuran is actively working to complete this filing and remedy the default as promptly as practicable in accordance with applicable securities laws.

About Nuran Wireless Inc.

Nuran Wireless is a leading rural telecommunications company dedicated to delivering affordable 2G, 3G and 4G wireless connectivity to remote and underserved communities worldwide. Through its scalable Network-as-a-Service (NaaS) model, Nuran is bringing meaningful mobile access to more than one billion people who lack reliable connectivity.

About the Afrigreen Debt Impact Fund:

Afrigreen is an infrastructure senior debt fund that offers financing solutions for commercial and industrial consumers in Africa, enabling their installation of on- and off-grid solar power plants to help reduce their energy bill as well as their diesel dependency. Afrigreen is a fund managed by Rgreen Invest and advised by Echosys Invest. Afrigreen is backed by prominent institutions including the European Investment Bank (EIB), the International Finance Corp. (IFC), BIO (Belgian Investment Company for Developing Countries), FMO, Proparco, Societe Generale and BNP Paribas.

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