Mr. Bill Frain reports

LIBERTY ANNOUNCES REPRICING OF WARRANTS AND MARKETING CONTRACT

Liberty Defense Holdings Ltd. intends to amend the exercise price of an aggregate 1,095,098 common share purchase warrants currently outstanding, as follows:

• A total of 630,065 warrants issued on Jan. 12, 2024, and Feb. 7, 2024. Each warrant is exercisable to purchase one common share of the company at $2.00, expiring Jan. 12, 2027.
• A total of 465,033 warrants issued on Aug. 13, 2024. Each warrant is exercisable to purchase one share at $2.00, expiring Aug. 13, 2027.

The company intends to amend the exercise price of these warrants from $2.00 to $1.51 per share. All other terms of the warrants remain unchanged.

Amendment of the warrants is subject to the approval of the TSX Venture Exchange. It is expected that no action will be required on the part of the holders of the warrants to give effect to the amendments.

Senergy Communications Capital Inc.

Senergy has been engaged for an initial two-month term, expected to commence on Feb. 17, 2025, to enhance investor awareness for the company. The agreement may be extended upon mutual written consent. In consideration of its services, the company will pay Senergy a fee of $100,000 plus GST. These funds will cover marketing coordination, investor outreach, media distribution, digital marketing and related expenses.

To the company's knowledge, Senergy and its principal, have no direct or indirect interest in Liberty Defense and have no intention or right to acquire such an interest. The engagement is an arm's-length service agreement and is subject to approval by the TSX Venture Exchange.

The company will not issue any securities to Senergy as compensation for its marketing services.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology security solutions for concealed weapons detection in high-volume foot traffic areas and locations requiring enhanced security, such as airports, stadiums, schools and more. Liberty's Hexwave product, for which the company has secured an exclusive licence from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3-D radar imaging technology, provides discrete, modular and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-wave-based, high-definition advanced imaging technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions.

We seek Safe Harbor.