Mr. Andrew Clark reports

SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF PRIVATE PLACEMENT

Saltire Capital Ltd. has closed the brokered portion of its previously announced private placement with Paradigm Capital Inc. as lead agent and sole book runner of up to 424,448 common shares in the capital of the company at a price of $11.78 per common share. Pursuant to the closing, the company raised gross proceeds of $3,088,716 through the issuance of 262,200 common shares.

The company anticipates holding one subsequent closing on or about Aug. 13, 2025, in respect of certain purchasers participating in the private placement on a non-brokered basis.

In connection with the private placement, Paradigm was paid (i) a cash fee equal to 7 per cent of the gross proceeds of the brokered private placement, and (ii) 18,354 common share purchase warrants, being equal to 7 per cent of the number of common shares issued pursuant to the brokered private placement. Each whole compensation warrant will entitle the holder to purchase one common share at a price of $14.5228 per common share for a period expiring at 5 p.m. (Toronto time) on Dec. 1, 2030.

The net proceeds from the private placement will be used to indirectly finance a portion of the cash purchase price payable in respect of the company's previously completed acquisition of SanStone Investments Ltd.

"Saltire is pleased to have completed the private placement, and believes the success of this offering positions the company very well to continue to execute on its strategy," said Andrew Clark, chief executive officer of Saltire.

All securities issued in connection with the private placement (including the compensation warrants) will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

Advisers

Paradigm acted for Saltire on the private placement. Goodmans LLP acted as legal counsel to the company and Borden Ladner Gervais LLP acted as legal counsel to Paradigm.

About Saltire Capital Ltd.

Saltire is a long-term capital partner that allocates capital to equity, debt and/or hybrid securities of high-quality private companies. Investments made by Saltire consist of meaningful and influential stakes in carefully selected private companies that it believes are undervalued businesses with the potential to significantly improve fundamental value over the long term. These businesses will generally have high barriers to entry, predictable revenue streams and cash flows, and defensive characteristics. Although Saltire primarily allocates capital to private companies, Saltire may, in certain circumstances if the opportunity arises, also pursue opportunities with orphaned or value challenged small and microcap public companies. Saltire provides investors with access to private and control-level investments typically reserved for larger players, while maintaining liquidity.

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