Mr. Paul McKenzie reports

NEXOPTIC ANNOUNCES TERMINATION OF PRIVATE PLACEMENT

Further to its news releases dated Oct. 24, 2024, and Nov. 7, 2024, Nexoptic Technology Corp. will not be proceeding with its previously disclosed private placement at this time. In addition, as a result of delays in commercializing its products, the company retracts the guidance provided in its Oct. 24, 2024, news release regarding its anticipated timing for realizing revenue, which was initially anticipated for the fourth quarter of 2024. Nexoptic continues to expand its patent portfolio globally and to seek new customers and sources of revenue.

The company is reviewing available financing opportunities that better reflect current market conditions.

About Nexoptic Technology Corp.

Nexoptic is an innovative imaging artificial-intelligence company headquartered in Vancouver, Canada, offering world-leading patented and patent-pending AI solutions for imaging known as ALIIS (all-light intelligent imaging solutions) and NexCompress.

We seek Safe Harbor.