Mr. Troy Lupul reports

PLASCRED CIRCULAR INNOVATIONS INC. ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT UNDER LISTED ISSUER FINANCING EXEMPTION

As a result of strong investor demand, Plascred Circular Innovations Inc. has increased the size of its previously announced non-brokered private placement pursuant to the listed issuer financing exemption of National Instrument 45-106, Prospectus Exemption, from gross proceeds of up to $5-million to gross proceeds of up to $7-million. The upsized offering will close in tranches, with an initial tranche for gross proceeds of approximately $5-million expected to close on April 21, 2026, and a second tranche for gross proceeds of up to $2-million expected to close on before May 13, 2026. Proceeds from the upsized offering will be used to advance development of the company's commercial facility (Neos), including detailed engineering, permitting and procurement of long-lead equipment, and for general working capital.

The upsized offering will consist of up to 41,176,471 units at a price of 17 cents per unit for gross proceeds of up to $7-million, with a minimum offering size of $2.5-million (which the company will surpass upon the closing of the first tranche of the upsized offering). Each unit will comprise one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 22 cents per common share for a period of 36 months following the closing date of the applicable tranche. The warrants will be subject to an early expiration provision whereby, if, during a period of 10 consecutive trading days between the applicable closing date and the expiry of the warrants, the daily volume-weighted average trading price of the common shares on the Canadian Securities Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds 40 cents for each of those 10 consecutive days, the company may, within 30 days of such an occurrence, give written notice to the holders, following which notice the holders of the warrants will have 30 days to exercise their warrants. Any warrants issued pursuant to the upsized offering are subject to a restriction on exercise expiring 61 days from the applicable closing date.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the units will be offered for sale to purchasers resident in all of the provinces of Canada, with the exception of Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issuable from the sale of the units are expected to be immediately freely tradable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada.

The company may pay finders' fees to eligible persons who introduce subscribers to the upsized offering, consisting of: (i) a cash commission equal to 7 per cent of the gross proceeds raised from the sale of units to subscribers introduced by such person; and (ii) the issuance of non-transferable broker warrants entitling the holder thereof to acquire that number of common shares equal to 7 per cent of the number of units sold to subscribers introduced by such person, exercisable at a price of 22 cents per common share for a period of 36 months following the applicable closing date. The completion of the upsized offering is subject to the receipt of all required regulatory approvals, including approval from the CSE.

There is an amended and restated offering document related to the upsized offering that can be accessed under the company's profile on SEDAR+. Prospective investors should read this offering document before making an investment decision.

About Plascred Circular Innovations Inc.

Plascred is an Alberta-based company developing an advanced plastic recycling facility. The company's engineered, modular platform converts mixed plastic waste into refined hydrocarbon condensate for use in virgin plastic production, petrochemical feedstock and upstream energy applications.

We seek Safe Harbor.