Mr. Trevor Treweeke reports

SCD CAPITAL CORP. COMPLETES IPO AND ANNOUNCES LISTING ON THE TSX VENTURE EXCHANGE

SCD Capital Corp. has completed its initial public offering (IPO), in which it distributed 6.5 million common shares of the company at a price of 10 cents per common share for aggregate gross proceeds of $650,000, pursuant to a final prospectus dated April 2, 2026. The company's common shares were listed on May 6, 2026, and are expected to commence trading on the TSX Venture Exchange on or about May 8, 2026, under the trading symbol SMCD.P.

Canaccord Genuity Corp. acted as exclusive agent in respect of the IPO on a commercially reasonable efforts basis. The IPO consisted of the distribution of 6.5 million common shares at a price of 10 cents per common share. Pursuant to the IPO, the agent received a cash commission of $65,000 (10 per cent of the gross proceeds) and an aggregate of 650,000 non-transferable common share purchase warrants entitling the agent and members of its selling group to purchase 650,000 common shares at 10 cents per common share at any time until May 6, 2031. The agent also received a cash administration fee of $20,000.

At the closing of the IPO, the company also granted stock options to the directors of the company to acquire up to an aggregate of 1.4 million common shares. Each option is exercisable to acquire one common share at a price of 10 cents at any time until May 6, 2031, all of which are subject to escrow restrictions pursuant to the policies of the exchange.

Following completion of the IPO, the company has 14 million common shares issued and outstanding, 7.5 million of which are subject to escrow restrictions pursuant to the policies of the exchange.

The company is a capital pool company within the meaning of the policies of the exchange. The company has not commenced operations and has no assets other than cash. The company will use the net proceeds of the IPO to identify and evaluate potential qualifying transactions pursuant to the policies of the exchange.

Additional information on the company can be found in the company's long-form prospectus dated April 2, 2026, as filed on SEDAR+. The Cusip number assigned to the company's common shares is 80620E101 and the ISIN (international securities identification number) is CA80620E1016.

We seek Safe Harbor.