Mr. D.J. Bowen reports

REFLEX ADVANCED ANNOUNCES STRATEGIC REVIEW

Reflex Advanced Materials Corp. has initiated a strategic review process to identify and pursue potential opportunities that could reposition the company's business and deploy capital into areas that management believes may offer improved long-term prospects. Pursuant to this strategic review, the company intends to use a portion of the net proceeds from the offering (as defined below) to identify and evaluate these opportunities, including to finance related due diligence and transaction costs.

Strategic review

As part of the strategic review, management intends to evaluate potential opportunities across sectors and asset classes and engage in discussions, due diligence, negotiations, and other activities in connection with the opportunities identified by management. The company has not entered into any definitive agreement in connection with the strategic review at this time. There is no deadline or definitive timetable for completion of the strategic review.

There can be no assurance that the strategic review will result in the identification or completion of any acquisition or other transaction. The company does not intend to provide updates regarding the strategic review unless and until the company's board of directors has approved a specific transaction or the company otherwise determines that disclosure is necessary or appropriate.

Any acquisition or other transaction identified through the strategic review would be subject to satisfactory due diligence, negotiation and execution of definitive agreements, and the receipt of any required corporate, shareholder, regulatory and Canadian Securities Exchange (CSE) approvals.

Updated use of proceeds

As previously announced on Aug. 5, 2026, the company intends to complete a non-brokered private placement of unsecured convertible debentures of the company for gross proceeds of up to $1.5-million. The company has updated its intended use of the net proceeds raised from the offering and may use such proceeds for general and administrative expenditures, working capital, and expenses incurred in connection with the strategic review, including due diligence and other transaction costs.

The offering is expected to close on or about Aug. 21, 2026. All securities issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period. Closing of the offering is subject to the company's receipt of all necessary corporate and regulatory approvals, including approval of the CSE.

About Reflex Advanced Materials Corp.

Reflex Advanced Materials is a mineral exploration company based in British Columbia. Its objective is to locate and, if warranted, develop economic mineral properties in the strategic metals and advanced materials space. It is focused on improving domestic specialty mineral infrastructure efficiencies to meet surging national demand by North American manufacturers.

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