Mr. Roman Leydolf, a shareholder, reports

ROMAN LEYDOLF ACQUIRES SECURITIES OF PRINCIPAL TECHNOLOGIES INC.

Since his last press release dated July 31, 2025, Roman Leydolf (the acquiror) has been party to the following transactions in securities of Principal Technologies Inc. (the issuer): (a) a disposition of 20,000 common shares of the issuer in the public market on Nov. 18, 2025; (b) the acquisition of one million common shares from treasury pursuant to a non-brokered private placement completed by the issuer on Dec. 15, 2025; (c) the acquisition of 1,076,000 common shares from treasury in settlement of a bona fide debt owed by the issuer to the acquiror on July 9, 2026; and (d) the acquisition of 416,000 common shares from treasury pursuant to a non-brokered private placement completed by the issuer on July 24, 2026.

Immediately following the acquiror's last press release dated July 31, 2025, the acquiror directly held an aggregate of (a) 8,231,561 common shares, representing approximately 17.06 per cent of the then issued and outstanding common shares; and (b) 3,031,561 common share purchase warrants of the issuer, each exercisable into a common share at an exercise price of 30 cents until April 30, 2027. Immediately following the transactions, the acquiror directly holds an aggregate of: (a) 10,703,561 common shares, representing approximately 17.76 per cent of the issued and outstanding common shares; and (b) the warrants, unchanged. Assuming the exercise of all warrants, the acquiror would have ownership of an aggregate of 13,735,122 common shares, representing approximately 21.70 per cent of the then issued common shares on a partially diluted basis. Unless certain conditions, including the receipt of the requisite approvals of the TSX Venture Exchange and of the disinterested shareholders of the company, are satisfied, the acquiror may not directly or indirectly exercise warrants which would result in the acquiror, together with his affiliates or associates, and any person acting jointly or in concert with the acquiror, owning, controlling or directing, directly or indirectly, common shares that represent more than 19.99 per cent of the issued and outstanding common shares.

The 20,000 common shares disposed of on Nov. 18, 2025, were sold in the public market, consisting of 1,500 common shares sold at a price of 68 cents per common share and 18,500 common shares sold at a price of 65 cents per common share, for aggregate proceeds of $13,045. The one million common shares acquired on Dec. 15, 2025, were acquired from treasury at a price of 30 cents per common share, for aggregate consideration of $300,000. The 1,076,000 common shares acquired on July 9, 2026, were issued from treasury in settlement of debt at a deemed value of 50 cents per common share, for aggregate deemed consideration of $538,000. The 416,000 common shares acquired on July 24, 2026, were acquired from treasury at a price of 75 cents per common share, for aggregate consideration of $312,000.

The holdings of securities of the issuer by the acquiror are managed for investment purposes, and the acquiror may increase or decrease his investment in the issuer at any time, or continue to maintain his current investment position, depending on market conditions or any other relevant factor.

This press release is issued pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the filing of an early warning report.

Additional information

To obtain a copy of the early warning report filed by the acquiror, refer to the issuer's SEDAR+ profile or contact the issuer by e-mail at Office@principal-technologies.com or by telephone at 1-587-225-2599.