Mr. Jean Gosselin reports

PRIME DRINK GROUP EXTENDS PRIVATE PLACEMENT AND ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Further to the press release dated June 12, 2026, Prime Drink Group Corp. has extended its previously announced non-brokered private placement offering of units of the company to raise minimum gross proceeds of $1.2-million and maximum gross proceeds of $2.2-million. The unit offering is expected to close on or by Sept. 14, 2026.

Each unit will be offered at a price of $10,000 per unit and is composed of 200,000 common shares in the capital of the company and 200,000 transferable share purchase warrants, resulting in the aggregate issuance of a minimum of 24 million common shares and of a maximum of 44 million common shares issued at a deemed price per share of five cents and a minimum of 24 million warrants and a maximum of 44 million warrants. Each warrant entitles the holder to purchase a common share at a price of 10 cents per common share for a period of one year from the issuance date.

The company intends to allocate $1.0-million of the net proceeds of the unit offering to finalize its agreed settlement with creditors and release of security, and the balance to general working capital purposes.

Delay in filing the company's annual financial statements

The company also announces that the filing of its audited annual financial statements for the year ended March 31, 2026, including the related management's discussion and analysis, and chief executive officer and chief financial certifications was not completed by the required filing deadline of July 29, 2026.

The unforeseen delay is due to the fact that the company is currently completing the year-end reporting process following a period of significant corporate transactions and operational integration, which has resulted in a number of complex accounting, valuation and disclosure matters requiring additional review. Management and its professional advisers require additional time to complete the necessary analyses, finalize supporting documentation, and ensure that the company's financial statements and related disclosure documents accurately reflect these matters. The requested extension will allow the company to complete this work in an orderly manner and provide investors with comprehensive and reliable disclosure.

The company is working diligently with Horizon Assurance LLP, and the company anticipates that it will be in a position to file the annual financial filings by Sept. 28, 2026.

Pursuant to National Policy 12-203 (Management Cease Trade Orders), the company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order related to the company's securities that is to be imposed against the chief executive officer and chief financial officer of the company regarding the trading of securities of the company. The MCTO will be in effect until the annual financial filings are filed.

All other securityholders will still be able to trade in the securities of the company in accordance with applicable securities laws.

Until the annual financial filings are filed and the MCTO has been revoked, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing default status reports in the form of further press releases every two weeks. The company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

About Prime Drink Group Corp.

Prime Drink is a Quebec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and hospitality sectors.

We seek Safe Harbor.